Global NEV Taxi Market Size, Share, Opportunities, And Trends By Vehicle Type (Battery Electric Vehicle (BEV), Plug-in hybrid Electric Vehicle (PHEV), Fuel Cell Vehicle (FCV)), And By Geography - Forecasts From 2025 To 2030

NEV Taxi Market Size:

The Global NEV Taxi Market is expected to grow from USD 29.903 billion in 2025 to USD 66.927 billion in 2030, at a CAGR of 17.48%.

NEV Taxi Market Trends:

NEV Taxis are new energy vehicles, which are partially or fully powered by electricity, like Battery Electric Vehicles (BEVs) and Plug-in Hybrids (PHEVs).

NEV taxis require low maintenance, reduce air pollution, and have low running costs. Individual vehicle emissions are being reduced as part of environmental regulations in both developed and developing countries. An electric vehicle may be powered by electricity from off-vehicle sources via a collector system, or it may be self-contained with a battery, solar panels, or an electric generator to convert fuel to electricity. Electric vehicles are gaining traction as a more environmentally friendly mode of transportation around the world. Automobile manufacturers are shifting their focus to producing environmentally friendly vehicles that will be in high demand in the coming years. Many companies are introducing new electric vehicle models in order to take the market lead. The New Energy Vehicle (NEV) Taxi market is segmented on the basis of vehicle type and geography. By vehicle type, the NEV Taxi market is segmented as battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles.

NEV Taxi Market Drivers:

Road transportation is a major contributor to greenhouse gas emissions and rising global temperatures. Transport is a major user of energy and burns most of the world’s petroleum. The rapid increase in air pollution and stringent laws and regulations implemented by the government are driving factors for the NEV taxi market. Individual vehicle emissions are being reduced as part of environmental regulations in both developed and developing countries. Because of their lower operating costs and the expansion of electric vehicle charging infrastructure, NEV taxis are becoming increasingly popular.

Electric vehicles will be used as a more sustainable mode of transportation in the future. Electric vehicles are being used as an alternative to gasoline and diesel vehicles in order to save fossil fuels from depletion. The growing investment in R&D by market players, combined with increased government support and initiatives, is expected to drive the growth of the electric sports car market.

NEV Taxi Market Geographical Outlook:

The market for NEV taxis is divided into five regions: North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The report also examines major countries in these regions, providing a comprehensive analysis and forecast, as well as current market trends and opportunities that each of these countries presents to manufacturers. China is a significant market for NEV taxis because the country has installed a large number of charging stations for electric vehicles and is even offering incentives to increase the NEV taxi fleet. These steps are being taken by China to cut down on emissions levels in the country. China's actions will boost the APAC market during the forecast period.

NEV Taxi Market Segmentation

• By Vehicle Type
  • Battery Electric Vehicle (BEV)
  • Plug-in hybrid Electric Vehicle (PHEV)
  • Hybrid Electric Vehicle (HEV)
  • Fuel Cell Vehicle (FCV)
• By Vehicle Class
  • Hatchback
  • Sedan
  • Multi-Purpose Vehicle
  • SUV
• By Ownership Type
  • Company Owned
  • Individually Owned
• By Range
  • Below 150 km
  • 150-300 km
  • Above 300 km
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • Israel
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Indonesia
    • Thailand
    • Taiwan
    • Australia
    • Others

1. EXECUTIVE SUMMARY

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations

3.7. Strategic Recommendations

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL NEV TAXI MARKET BY VEHICLE TYPE

5.1. Introduction

5.2. Battery Electric Vehicle (BEV)

5.3. Plug-in Hybrid Electric Vehicle (PHEV)

5.4. Hybrid Electric Vehicle (HEV)

5.5. Fuel Cell Vehicle (FCV)

6. GLOBAL NEV TAXI MARKET BY VEHICLE CLASS

6.1. Introduction

6.2. Hatchback

6.3. Sedan

6.4. Multi-Purpose Vehicle

6.5. SUV

7. GLOBAL NEV TAXI MARKET BY OWNERSHIP TYPE

7.1. Introduction

7.2. Company Owned

7.3. Individually Owned

8. GLOBAL NEV TAXI MARKET BY RANGE

8.1. Introduction

8.2. Below 150 km

8.3. 150-300 km

8.4. Above 300 km

9. GLOBAL NEV TAXI MARKET BY GEOGRAPHY

9.1. Introduction

9.2. North America

9.2.1. USA

9.2.2. Canada

9.2.3. Mexico

9.3. South America

9.3.1. Brazil

9.3.2. Argentina

9.3.3. Others

9.4. Europe

9.4.1. Germany

9.4.2. France

9.4.3. United Kingdom

9.4.4. Spain

9.4.5. Others

9.5. Middle East and Africa

9.5.1. Saudi Arabia

9.5.2. UAE

9.5.3. Others

9.6. Asia Pacific

9.6.1. China

9.6.2. India

9.6.3. Japan

9.6.4. South Korea

9.6.5. Indonesia

9.6.6. Thailand

9.6.7. Others

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Market Share Analysis

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Competitive Dashboard

11. COMPANY PROFILES

11.1. Tesla, Inc.

11.2. Volvo Car AB

11.3. BYD Company Ltd.

11.4. Volkswagen AG

11.5. BMW AG

11.6. Ford Motor Company

11.7. Nissan Motor Co., Ltd.

11.8. Beijing Electric Vehicle Co., Ltd. (BJEV)

11.9. Beiqi Foton Motor Co., Ltd.

11.10. Changan Automobile Co. Ltd.

11.11. SAIC Motor Corporation Limited

11.12. Zhejiang Geely Holding Group Co., Ltd.

11.13. GAC Group (Guangzhou Automobile Group Co., Ltd.)

11.14. Hyundai Motor Company

11.15. Toyota Motor Corporation

12. APPENDIX

12.1. Currency

12.2. Assumptions

12.3. Base and Forecast Years Timeline

12.4. Key Benefits for the Stakeholders

12.5. Research Methodology

12.6. Abbreviations

Tesla, Inc.

Volvo Car AB

BYD Company Ltd.

Volkswagen AG

BMW AG

Ford Motor Company

 Nissan Motor Co., Ltd.

Beijing Electric Vehicle Co., Ltd. (BJEV)

 Beiqi Foton Motor Co., Ltd.

 Changan Automobile Co. Ltd.

SAIC Motor Corporation Limited

Zhejiang Geely Holding Group Co., Ltd.

GAC Group (Guangzhou Automobile Group Co., Ltd.)

Hyundai Motor Company

Toyota Motor Corporation