AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "NEV Taxi market - Global outlook to 2026".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global NEV Taxi market to grow at a CAGR of 38.3%.

The Vehicle Type, such as Battery Electric Vehicle (BEV), is boosting the NEV Taxi market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Vehicle Level, such as Entry & Mid-level, is boosting the NEV Taxi market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Range, such as InterCity, is boosting the NEV Taxi market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Vehicle Class, such as Hatchback, is boosting the NEV Taxi market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

According to Analyst at AMA Research, the Global NEV Taxi market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are “Rapid Increase in Air Pollution Level, Rising Development and Implementation of Electric Vehicles and Increase in Number of Electric Vehicles Station to Meet the Demand of NEV Taxi”.
 

NEV (New Energy Vehicle) taxi, also known as an electric taxi are the vehicles that are used as taxis, which are either fully or partially powered by electricity. It can provide power from the battery and can also recycle the power from vehicle putting on the brake. Moreover, it is manufactured to meets the idea of new energy vehicles and societal need. Further, Government support in the form of incentives as well as subsidies has been contributory in driving the uptake of NEV taxis.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global NEV Taxi market by Type (Short Range NEV Taxis and Long Range NEV Taxis), by Application (Company Owned and Individually Owned) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market