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Global Electric Vehicle (EV) Taxi Market Size, Share, Growth: By Propulsion Type: Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV); By Vehicle Type: Two-Wheeler Taxi, Three-Wheeler Taxi, Four-Wheeler Taxi; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Electric Vehicle (EV) Taxi Market Outlook
The global ev taxi market is expected to grow at a CAGR of 18.4% between 2024 and 2032.
Key Takeaways
- Increase in the number of public charging stations worldwide is boosting the global electric vehicle (EV) taxi market growth. Vehicles scrappage policies are minimising the number of old ICE taxis on road which are noisy and less comfortable than electric vehicle cars.
- By 2040, the demand for electric air taxis is expected to be worth USD 1.5 trillion.
- Hyundai has revealed its latest electric air taxi, the S-A2 flying taxi, which is scheduled to launch in 2028. Other prominent brands developing it include Boeing, Airbus, Toyota, and Uber.
The surge in environmental concerns among national authorities has a significant influence on the number of zero-emission automobiles traversing the streets of prominent urban centres. This has resulted in a heightened demand for electric vehicle (EV) taxis. Additionally, flying air taxis or electric air taxis have become one of the latest market trends. Ongoing research and development in vehicle safety, airworthiness, and traffic control have affected manufacturing outcomes tremendously by reducing operation and maintenance costs.
The demand for hybrid electric vehicle taxis and battery electric vehicle taxis is substantial. This is because they are ecofriendly and charge the same fare as internal combustion engine-based taxis. With the increasing integration of advanced technologies across cab booking platforms, electric taxis can now be hailed easily on mobile apps like Uber Green and Free Now Eco to transport people and goods from the source region to the place of destination.
To encourage the adoption of electric taxis, many multi-mobility apps are also helping taxi drivers in purchasing home chargers for their electric vehicles, which is significantly driving up sales and reducing emissions associated with the automotive industry.
The Asia Pacific region accounts for a significant electric vehicle (EV) taxi market share as a result of favourable policies and growing collaborations, such as the support from the United Nations Development Program and Japan. With the expansion in the size of electric vehicle market in the region, electric taxis, especially two-wheelers and three wheelers are providing people with an alternative to public mode of transportation, easing the journey of travel to the destination. In countries like India, Bhutan, and Bangladesh, this demand is tremendously high as people look for cost-effective and sustainable alternatives to ICE vehicles due to rising fuel prices and heavy pollution. This is making Asia Pacific one of the leading regions of electric vehicle taxis with countries like Australia and South Korea increasing their adoption of electric vehicles to meet their net zero emission targets.
Market Segmentation
Global Electric Vehicle (EV) Taxi Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Propulsion Type
- Battery Electric Vehicle (BEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Hybrid Electric Vehicle (HEV)
Market Breakup by Vehicle Type
- Two-Wheeler Taxi
- Three-Wheeler Taxi
- Four-Wheeler Taxi
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The market players are increasingly prioritising the establishment of the necessary infrastructure to facilitate the widespread adoption of electric vehicles.
- Uber Technologies Inc.
- Nissan Motor Co Ltd.
- Akaris AG (Tesla Taxi Service)
- DiDi Global Inc.
- Travel Electric BV
- Lyft, Inc.
- ANI Technologies Pvt. Ltd.
- eee-Mobility Solutions Private Limited
- Blu-Smart Mobility Pvt. Ltd.
- Prakriti E-Mobility Private Limited
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Propulsion Type |
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| Breakup by Vehicle Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Electric Vehicle (EV) Taxi Market Analysis
8.1 Key Industry Highlights
8.2 Global Electric Vehicle (EV) Taxi Historical Market (2018-2023)
8.3 Global Electric Vehicle (EV) Taxi Market Forecast (2024-2032)
8.4 Global Electric Vehicle (EV) Taxi Market by Propulsion Type
8.4.1 Battery Electric Vehicle (BEV)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Plug-In Hybrid Electric Vehicle (PHEV)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hybrid Electric Vehicle (HEV)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Electric Vehicle (EV) Taxi Market by Vehicle Type
8.5.1 Two-Wheeler Taxi
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Three-Wheeler Taxi
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Four-Wheeler Taxi
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Electric Vehicle (EV) Taxi Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Electric Vehicle (EV) Taxi Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Electric Vehicle (EV) Taxi Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Electric Vehicle (EV) Taxi Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Electric Vehicle (EV) Taxi Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Electric Vehicle (EV) Taxi Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Uber Technologies Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Nissan Motor Co Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Akaris AG (Tesla Taxi Service)
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 DiDi Global Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Travel Electric BV
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Lyft, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 ANI Technologies Pvt. Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 eee-Mobility Solutions Private Limited
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Blu-Smart Mobility Pvt. Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Prakriti E-Mobility Private Limited
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Electric Vehicle (EV) Taxi Market: Key Industry Highlights, 2018 and 2032
2. Global Electric Vehicle (EV) Taxi Historical Market: Breakup by Propulsion Type (USD Billion), 2018-2023
3. Global Electric Vehicle (EV) Taxi Market Forecast: Breakup by Propulsion Type (USD Billion), 2024-2032
4. Global Electric Vehicle (EV) Taxi Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2023
5. Global Electric Vehicle (EV) Taxi Market Forecast: Breakup by Vehicle Type (USD Billion), 2024-2032
6. Global Electric Vehicle (EV) Taxi Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Electric Vehicle (EV) Taxi Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Electric Vehicle (EV) Taxi Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Electric Vehicle (EV) Taxi Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Electric Vehicle (EV) Taxi Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Electric Vehicle (EV) Taxi Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Electric Vehicle (EV) Taxi Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Electric Vehicle (EV) Taxi Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Electric Vehicle (EV) Taxi Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Electric Vehicle (EV) Taxi Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Electric Vehicle (EV) Taxi Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Electric Vehicle (EV) Taxi Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Electric Vehicle (EV) Taxi Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 18.4% between 2024 and 2032.
The market is driven by the growth of the electric vehicles sector, rise in the fares of petrol and diesel-based taxis, and the smooth travel experience offered by electric vehicles.
The key trends aiding the market expansion include increased awareness about environmental issues, development of electric vehicle charging infrastructure, and the emergence of flying/electric air taxis.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types of electric vehicle taxis are two-wheeler taxi, three-wheeler taxi, and four-wheeler taxi.
The major players in the market are Uber Technologies Inc., Nissan Motor Co Ltd., Akaris AG (Tesla Taxi Service), DiDi Global Inc., Travel Electric BV, Lyft, Inc., ANI Technologies Pvt. Ltd., eee-Mobility Solutions Private Limited, Blu-Smart Mobility Pvt. Ltd., and Prakriti E-Mobility Private Limited, among others.
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