NEV Taxi Market: Leading Players Envisioned By The Analysts Forecast 2018 - 2026
Transparency Market Research has released a new market report titled “NEV Taxi Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” According to the report, the global NEV taxi market is anticipated to expand at a CAGR of about 38% during the forecast period. NEV (New Energy Vehicle) taxi, also called electric taxi, are vehicles that are used as taxis, which are either fully or partially powered by electricity. The term “NEV” is used by the Government of China for electric vehicles. Rising transportation pollution and stringent emission norms need a complete solution that can curtail pollution through the adoption of NEV taxi, which is a green transportation solution. Moreover, major challenges for regular conventional taxi owners or drivers are fuel price and the running costs of the taxi. The adoption of NEV taxi is projected to reduce the running and maintenance cost of the taxi, which in turn is anticipated to prope...