Electric Vehicle Taxi Market Report: Trends, Forecast and Competitive Analysis to 2030

Electric Vehicle Taxi Trends and Forecast

The future of the global electric vehicle taxi market looks promising with opportunities in the two-wheeler taxi, three wheeler taxi, and four wheeler taxi markets. The global electric vehicle taxi market is expected to grow with a CAGR of 11.3% from 2024 to 2030. The major drivers for this market are expanding infrastructure for charging and improvements in battery technology, government spending on infrastructure for electric vehicles, as well as, growing environmental awareness and stricter emission standards.

A more than 150-page report is developed to help in your business decisions.

Electric Vehicle Taxi by Segment

The study includes a forecast for the global electric vehicle taxi by propulsion type, vehicle type, and region.

Electric Vehicle Taxi Market by Propulsion Type [Shipment Analysis by Value from 2018 to 2030]:

• Battery Electric Vehicle
• Hybrid Electric Vehicle
• Plug-In Hybrid Electric Vehicle

Electric Vehicle Taxi Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Two-Wheeler Taxi
• Three Wheeler Taxi
• Four Wheeler Taxi

Electric Vehicle Taxi Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Electric Vehicle Taxi Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric vehicle taxi companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric vehicle taxi companies profiled in this report include-

• A To Z Universal Solutions
• Blu-Smart Mobility
• Connexxion
• OLA Group
• Travel Electric Bv

Electric Vehicle Taxi Market Insights

Lucintel forecasts that battery electric vehicle will remain the largest segment due to their ease of use and lower after-sales expenses.

APAC will remain the largest region over the forecast period due to high rate of electric vehicle adoption in the area and rising taxi fleet demand in the region.

Features of the Global Electric Vehicle Taxi Market

Market Size Estimates: Electric vehicle taxi market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Electric vehicle taxi market size by propulsion type, vehicle type, and region in terms of value ($B).

Regional Analysis: Electric vehicle taxi market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different propulsion type, vehicle type, and regions for the electric vehicle taxi market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric vehicle taxi market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for electric vehicle taxi market?

Answer: The global electric vehicle taxi market is expected to grow with a CAGR of 11.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the electric vehicle taxi market?

Answer: The major drivers for this market are expanding infrastructure for charging and improvements in battery technology, government spending on infrastructure for electric vehicles, as well as, growing environmental awareness and stricter emission standards.

Q3. What are the major segments for electric vehicle taxi market?

Answer: The future of the global electric vehicle taxi market looks promising with opportunities in the two-wheeler taxi, three wheeler taxi, and four wheeler taxi markets.

Q4. Who are the key electric vehicle taxi market companies?

Answer: Some of the key electric vehicle taxi companies are as follows.

• A To Z Universal Solutions
• Blu-Smart Mobility
• Connexxion
• OLA Group
• Travel Electric Bv

Q5. Which electric vehicle taxi market segment will be the largest in future?

Answer: Lucintel forecasts that battery electric vehicle will remain the largest segment due to their ease of use and lower after-sales expenses.

Q6. In electric vehicle taxi market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to high rate of electric vehicle adoption in the area and rising taxi fleet demand in the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the electric vehicle taxi market by propulsion type (battery electric vehicle, hybrid electric vehicle, and plug-in hybrid electric vehicle), vehicle type (two-wheeler taxi, three wheeler taxi, and four wheeler taxi), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?