The global New Energy Vehicle (NEV) Taxi market is expected to grow at a CAGR of 1.80% during the period 2026-2035. Electrification of transport would be a key element in checking global carbon dioxide emissions. Several countries are continually making efforts towards widespread electric vehicle adoption, and investing in required infrastructure.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
1.8%
2026-2035
*this image is indicative*
The Chinese government has formulated multiple policies to promote the new energy vehicle (NEV) industry. North America, Europe and Asia are likely to be key markets.
The new energy vehicle (NEV) industry witnessed significant growth in 2021. Such growth has made new energy vehicles (NEVs) a lucrative proposition for conventional vehicle manufacturers, emergent new energy vehicle (NEV) companies, and tech giants, making them compete for software R&D, new business models, and branding. The new energy vehicle (NEV) industry has been witnessing significant investment, with nearly $400 billion being invested into the sector over the last decade. Robust global growth and prosperous development have drawn the interest of vehicle manufacturers, rising new energy vehicle (NEV) companies, and tech players.
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Countries across the world are looking to adopt new energy as a strategic development direction and contribute towards the green transformation of the automotive sector. The European Union, for example, has committed to decrease greenhouse gas emissions by at least 55% by 2030. USA seeks to make half of all cars new energy vehicle (NEVs) by 2030. Changing climate, policy regulations, and factors including an ageing global population, carbon emissions, increasing urbanisation, growing middle-class and increasing wealth gap are likely drivers of new energy vehicle (NEVs).
Advancements in technology, growing adoption of key technologies, and increasing consumer interest in new energy vehicles (NEVs) are vital drivers of the global new energy vehicle (NEV) taxi market. Technological advances are expected to further decrease the production cost for electric vehicles. Further, a balance could be expected in demand and supply with better customer recognition and enhanced manufacturing capacities.
Electronics and software are important parts of vehicles today. As compared to conventional vehicle producers, emergent new energy vehicle (NEV) manufacturers have greater software capabilities; such companies focus greatly on R&D, software algorithm development and electronic components. Moreover, many executives in these companies are originally from technology or internet companies. With advancements in the Internet, cars have been pushed beyond their purpose of just mobility; green technologies, intelligence and technology, enhanced charging facilities, and range capabilities are likely to be key areas of concern for new energy vehicle (NEV) brands in times to come. These factors are expected to drive the global new energy vehicle (NEV) taxi market.
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The EMR’s report titled “New Energy Vehicle (NEV) Taxi Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
By type, the market is segmented into:
By range, the market is classified into:
By region, the market is divided into:
The report presents a detailed analysis of the following key players in the global New Energy Vehicle (NEV) Taxi market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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The market is estimated to grow at a CAGR of 1.80% between 2026 and 2035.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
An electric vehicle is a one of the most popular types of new energy vehicle which is powered by electricity.
The future of new energy vehicles is promising as these vehicles are easy to operate, along with the on-going technological advancements in the battery technology. The favourable government policies encouraging the electrification of vehicles are further propelling the market scope.
The major drivers of the market include the cost-savings and efficiency offered by the product, growing innovations by the tech-giants, and thriving automotive industry across the emerging economies.
The transition towards smart mobile applications such as Ola and Uber and the growing need to reduce emissions are the key trends in the market.
Battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV), and hybrid electric vehicle (HEV) are the different segments based on type in the market.
Intercity and Intra-city is the segmentation of the market based on range.
The major players in the industry are Uber Technologies Inc., Lyft Inc., Electric Cab North America, Blu-Smart Mobility Pvt. Ltd., and London EV Company Ltd., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| 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 Type |
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| Breakup by Range |
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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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