NEV Taxi Market: Lucrative Prospects in China to Bolster Growth

Published on : Jan 14, 2019

Albany, New York, January 14, 2019: To offset the growing burden of air pollution, adoption of alternative fuel vehicles such as NEV taxi  (New Energy Vehicle) has gained substantial momentum. Stringent government regulation to curb air pollution is a pertinent catalyst favoring growth.

Further, soaring fuel prices is also likely to encourage adoption of NEV taxi, thus paving ample growth avenues in NEV taxi market in the coming years. In its recent research offering titled, 'NEV Taxi Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026', Market Research Hub (MRH) gauges ongoing market advances and evaluates their implications on holistic growth curve of NEV taxi market.

Growing Shared Taxi Services Aids Growth in NEV Taxi Market

Triggered by urbanization and corresponding rise in road transportation, air pollution continues to remain an unaddressed menace. Introduction of roadside charging kiosks to enable charging of NEV taxis irrespective of place and time is likely to facilitate greater adoption, thus augmenting growth in NEV taxi market.

Manufacturers are also encouraged to offer diverse variants in NEV taxi market such as hybrid electric vehicles to mimic consumer preferences for affordable pricing as well as eco-friendly transport system. Introduction of hatchback NEV taxi is also a notable growth strategy that aids low cost travelling. Global providers in NEV taxi market are also investing substantially towards partnership deals with leading taxi service providers in the light of growing shared taxi market round the globe.

This exhaustive research report on NEV taxi market compiles pertinent market highlights encompassing market prospects at both global and regional levels. The report analyzes the market in terms of both historic and current perspectives to determine accurate forecast figures. To aid readers’ understanding and perspectives on NEV taxi market this section of the report also includes a detailed section on market segments such as vehicle type, ownership, vehicle class, range, and vehicle level.

Asia-Pacific Holds Giant Revenue Shares in Global NEV Taxi Market

The report also includes details on regional markets of NEV taxi, featuring Europe, North America, Latin America, Asia-Pacific, and Middle East and Africa as core regional belts. This section of the report allows readers to comprehend the efficacy of marketing strategies implemented by market players across regions and their eventual impact on consumer adoption as well as holistic market growth.

Competition Landscape: NEV Taxi Market

This section of the report offers readers with detailed profiles of leading vendors in NEV taxi market. The report assesses the profiles on the basis of pertinent parameters such as company overview, recent developments such as mergers and acquisitions, product launches, as well as product innovation. Key players benchmarked in NEV taxi market include, Daimler AG, AB Volvo, Mahindra & Mahindra Ltd., and Toyota Motor Corporation amongst several others. 

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