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China New Energy Vehicle (NEV) Taxi Market By Vehicle Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, Hydrogen Fuel Cell Vehicles, Others); By Taxi Operator (Fleet-Owned Taxis, Individually Owned Taxis); By Charging Infrastructure (Public Charging Stations, Private Charging Stations); By Taxi-Hailing Platform (Didi Chuxing, Meituan Dianping, Other Local and Regional Platforms); By Vehicle Model (Sedans, SUVs, Vans); By Government Incentives (Subsidies for NEV Taxis, Charging Infrastructure Support, Exemption from License Plate Quotas) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Price: $1999

Published: | Report ID: 3906 | Report Format : PDF
REPORT ATTRIBUTE DETAILS
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
China New Energy Vehicle (NEV) Taxi Market Size 2023  USD 585.2 Million
China New Energy Vehicle (NEV) Taxi Market, CAGR  32.30%
China New Energy Vehicle (NEV) Taxi Market Size 2032  USD 7266.79 Million

Market Insights

  • Between 2024 and 2032, the China new energy vehicle (NEV) taxi market is estimated to develop at a compound annual growth rate (CAGR) of 32.30%, from its estimated USD 585.2 million in 2023 to USD 7266.79 million in 2032.
  • The largest category is battery electric vehicles (BEVs). On the other hand, hydrogen fuel cell vehicles are expected to grow at a strong CAGR.
  • The leading taxi operator segment is fleet-owned taxis.
  • The CAGR for public charging stations is expected to be the highest during the projection period.
  • The Didi Chuxing will have the highest CAGR throughout the prediction period.
  • Sedans are estimated to have the greatest CAGR during the forecast period.
  • The subsidies for the NEV taxis category are predicted to grow fastest over the projection period.
  • The factors boosting China’s New Energy Vehicle (NEV) Taxi Market are favorable government policies and laws supporting the implementation of NEVs in the taxi industry, as well as government subsidies and incentives.
  • The growth of China’s new energy vehicle (NEV) taxi market has been supported by public education campaigns that illustrate the financial and environmental advantages of NEVs and ongoing advancements in NEV technology, including improved battery life, performance, and vehicle design.

China New Energy Vehicle (NEV) Taxi Market

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Executive Summary

Market Definition

The section of the Chinese taxi industry that focuses on using New Energy Vehicles is known as the China New Energy Vehicle (NEV) Taxi Market. Cars classified as “new energy” run on alternative energies rather than conventional petrol or diesel-fueled internal combustion engines. These alternate energy sources, as they relate to NEV Taxis, are mostly electric power sources like battery electric cars, plug-in hybrid electric vehicles, and other clean energy options.

Market Overview

The China new energy vehicle (NEV) taxi sector is estimated to develop at a 32.30% compound annual growth rate (CAGR) between 2024 and 2032, maintaining its current upward trend. The market will keep developing, rising from its estimated value of USD 585.2 million in 2023 to USD 7266.79 million in 2032.

The Chinese market for New Energy Vehicles (NEVs) taxis has grown significantly due to government initiatives and encouragement. As part of a larger plan to solve environmental problems, lower air pollution, and meet sustainability targets, the Chinese government has been aggressively pushing the adoption of electric vehicles (EVs).

To help taxi companies and individual customers afford NEVs, the government has put in place several financial incentives and subsidies. These incentives include lowered registration costs, exemptions from some taxes, and direct subsidies for purchasing NEVs. These monetary advantages considerably reduce the initial expenses related to purchasing electric taxis. The use of NEVs is encouraged by rules and standards enforced by the Chinese government, particularly in commercial transportation. Certain cities have put in place regulations mandating that a specific proportion of newly registered taxis be electric cars. These regulations incentivize Taxi operators to convert their fleets to electric vehicles. These factors support the development of China’s new energy vehicle (NEV) taxi market.

Segmentation by Vehicle Type

  • Battery electric vehicles (BEVs) are the market leader by vehicle type. All-Electric Vehicles (AEV) is another name for BEVs. BEV-equipped electric vehicles have an all-electric drivetrain that is powered by batteries. The vehicle’s power is stored in a sizable battery pack that can be charged by connecting to the electrical grid.
  • The hydrogen fuel cell vehicles category will exhibit a sizable CAGR during the projected period. Hydrogen is the fuel source for fuel cell electric vehicles or FCEVs. They only release warm air and water vapor, which is more effective than tailpipe emissions from traditional internal combustion engine vehicles.
  • The need for China’s new energy vehicle (NEV) taxi is additionally supported by other vehicle types, including plug-in hybrid electric vehicles (PHEVs) and others.

Segmentation by Taxi Operator

  • The main taxi operator is fleet-owned taxis. Like several businesses, fleet-owned taxis utilize various technologies to increase productivity, optimize workflow, and boost customer satisfaction. Applications that facilitate the effective dispatching and allocation of taxis according to current traffic conditions, demand, and other variables.
  • The individually owned taxis category will likely register a significant CAGR during forecasting. Taxi drivers who operate independently, often known as independent or freelance drivers, utilize various tools to run their businesses, draw clients, and increase productivity.

Segmentation by Charging Infrastructure

  • It is projected that the public charging stations category will grow at the fastest rate over the projection period. World’s largest network of EV charging stations is ChargePoint. Customers can locate, initiate, and complete charging sessions through their app. On the availability and status of charging stations, it also offers real-time information.
  • The need for China’s new energy vehicle (NEV) taxi is also influenced by other charging infrastructure, including private charging stations.

Segmentation by Taxi-Hailing Platform

  • The Didi Chuxing category will likely have the highest CAGR during the projection period. The international ride-sharing and transportation business, Didi Chuxing, is based in China. Transportation options offered by the company include bike sharing, ride-sharing on social media platforms, taxi-hailing, and private car-hailing.
  • Other taxi-hailing platform, such as meituan dianping, and other local and regional platforms, also contribute to the demand for China new energy vehicle (NEV) taxi.

Segmentation by Vehicle Model

  • The Sedans will be expected to have the foremost CAGR during the prediction period. Electric and hybrid sedans have become more popular due to consumer desire for greener cars. Some buyers choose sedans with higher fuel efficiency or all-electric models to address environmental concerns.
  • Other vehicle models, such as SUVs and Vans, also contribute to China’s new energy vehicle (NEV) taxis demand.

Segmentation by Government Incentives

  • Over the projected time frame, subsidies for NEV taxis are anticipated to have the highest CAGR. In the past, the Chinese government has provided subsidies to companies that produce and purchase electric cars, notably NEV taxis. Subsidy initiatives, however, have changed and decreased over time. Manufacturers usually receive subsidies from the federal government based on the battery’s energy density.
  • Other government incentives, such as charging infrastructure support and exemption from license plate quotas, also contribute to the demand for China’s new energy vehicle (NEV) taxis.

Innovations in batteries have helped NEVs operate better and cover more ground, which has contributed to the Chinese market. As long as battery technology improves, taxi operators who value things like range, charging speed, and general dependability will find more and more reasons to prefer electric vehicles. NEVs’ achievement in the taxi industry has been attributed to the general public’s favorable opinion of and acceptance of them. Increased demand and broader market acceptability of electric cars may result from customers getting more accustomed to them and using them as taxis.

Key Highlights of the Report

The China new energy vehicle (NEV) taxi market is segmented by vehicle type, taxi operator, charging infrastructure, taxi-hailing platform, vehicle model, and government incentives. Regarding the vehicle type, battery electric vehicles (BEVs) are the market spearhead. Fleet-owned taxis are the top taxi operator segment. The public charging stations category is anticipated to increase at the highest CAGR throughout the projection period. The Didi Chuxing industry will experience the highest CAGR during the forecast period.

The automotive sector has experienced significant growth due to China, a significant distributor of different car parts and technologies. Global demand is the main factor driving China’s sales of NEVs, including both commercial and passenger cars. Shenzhen, a large metropolis in southern China, is a high-tech center in 2019 and has accomplished an environmental first by having practically all-electric cars on the road. Of the 21,689 vehicles the city operates, electric vehicles make up about 99% of them.

Which Key Factors Are Driving The China New Energy Vehicle (NEV) Taxi Market?

The main forces behind the growth of China’s new energy vehicle (NEV) taxi market are federal support for NEV development and cooperative efforts between public and commercial organizations to encourage the adoption of NEVs.

What are The Main Challenges Confronting China’s New Energy Vehicle (NEV) Taxi Market?

The development of China’s new energy vehicle (NEV) taxi market is hindered by several factors, including the unpredictability of technology, the scarcity of NEV models, and restricted financing choices.

What Market Opportunities Exist For China’s New Energy Vehicle (NEV) Taxi?

The development of battery technology, government-mandated carbon emission reduction targets, public knowledge of NEV technology, and alignment with NEV adoption are some factors accelerating China’s new energy vehicle (NEV) taxi industry.

Market Drivers

Multiple factors propel China’s new energy vehicle (NEV) taxi industry. The primary factors propelling China’s new energy vehicle (NEV) taxi market are as follows:

Customers’ Faith in NEV Technology

Customer confidence in New Energy Vehicle (NEV) technology is a key factor propelling the NEV taxi market’s expansion in China. The confidence of clients is bolstered by positive experiences with NEVs’ dependability and performance. When NEV taxis provide a dependable and effective service regularly, clients are more inclined to have faith in the technology. It’s imperative that range anxiety-related issues are addressed. When consumers discover that NEV taxis can comfortably accommodate their needs for transportation without frequent charging interruptions, their faith in the vehicle grows. When consumers can easily access infrastructure for charging their NEVs, their confidence in the technology increases. One factor contributing to the idea that NEV taxis are practical and easy to use is the accessibility and availability of charging stations.

Market Restraints

There are several obstacles that China’s new energy vehicle (NEV) taxi market must overcome to continue growing. Among them are the following:

The Initial Investment Required to Buy NEV Taxis

Compared to cars with conventional internal combustion engines, NEVs often have greater initial costs. The cost gap can be a significant obstacle for taxi operators, particularly small and medium-sized enterprises with limited financial resources. A vehicle’s lifetime ROI is frequently assessed by taxi companies. Moving to electric taxis may not be as financially feasible or appealing overall because of the longer payback period associated with the greater upfront cost of NEVs. The high initial cost of NEVs can be difficult for taxi operators to afford, particularly those with smaller fleets. Their ability to invest in electric vehicles may be hampered by this financial load. These factors restrain the growth of China’s new energy vehicle (NEV) taxi market.

Opportunities

There are plenty of potential prospects in China’s new energy vehicle (NEV) taxi industry. Among these are the following:

The Continuity With Smart City Initiatives

China’s New Energy Vehicle (NEV) Taxi Sector has a lot of prospects when it comes to incorporation with smart city initiatives. Smart city projects aim to improve the sustainability, efficiency, and standard of living in metropolitan areas by utilizing data and technology. For the best metropolitan mobility, NEV taxis can be included in smart city systems. To minimise traffic, increase overall transportation productivity, and improve traffic flow, real-time data analysis is utilised. Dynamic scheduling of routes can be facilitated by smart city networks, which can provide NEV taxis access to real-time traffic intelligence. This improves the effectiveness of taxi services by shortening travel times, optimizing routes, and improving their general effectiveness.

Competitive Landscape

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Key Players

China’s new energy vehicle (NEV) taxi market has several major competitors. The following are a few of the leading market participants and their market shares:

  • Daimler AG
  • AB Volvo
  • BYD Auto Co.
  • Volkswagen Group
  • Mahindra and Mahindra
  • Toyota Motor Corporation
  • BMW AG
  • Ford Motor Company
  • Honda Motor Co.
  • TATA Motors
  • Nissan Motor Corporation
  • General Motors Company
  • Hyundai Motor Company
  • London Electric Vehicle Company
  • Tesla
  • JAC Motors
  • Changan Automobile
  • Beijing Automotive Industry Holding (BAIC)
  • Dongfeng Motor Company
  • Others

These companies prioritize product innovation, distribution channel expansion, mergers, and acquisitions to remain competitive.

The largest suppliers in China’s new energy vehicle (NEV) taxi market continuously work to keep one step beyond the competition by developing innovative concepts and products.

In May 2021, As part of its sustainable transportation plan, DiDi Chuxing declared that it would introduce an electric vehicle (EV) sharing platform in Chengdu, China, utilizing new energy vehicles. The platform wants to make the city more energy-efficient and green transportation-friendly.

In May 2019, BYD introduced the New Energy Vehicle. Recently, in Cologne, Chinese manufacturers BYD and ENSA Servicios, and Traservi launched the first pure-electric car fleet in Panama and Central America. To provide a strong basis for the advancement of electric vehicle usage in Panama, the three companies together inaugurated the country’s first fast-charging station for electric cars in Colon Province.

Summary of Key Findings

  • The ongoing attempts to strengthen and expand the public charging network are among the variables influencing China’s new energy vehicle (NEV) taxi market.
  • The market is segmented by vehicle type, taxi operator, charging infrastructure, taxi-hailing platform, vehicle model, and government incentives.
  • The most popular vehicle types in the market are battery electric vehicles (BEVs).
  • Fleet-owned taxis are the foremost taxi operator category.
  • Public charging stations are expected to grow the fastest regarding CAGR during the forecast period.
  • The category for sedans will likely see the highest CAGR during the anticipated time frame.
  • The China new energy vehicle (NEV) taxi market is highly competitive with key players including Daimler AG, AB Volvo, BYD Auto Co., Volkswagen Group, Mahindra and Mahindra, Toyota Motor Corporation, BMW AG, Ford Motor Company, Honda Motor Co., TATA Motors, Nissan Motor Corporation, General Motors Company, Hyundai Motor Company, London Electric Vehicle Company, Tesla, JAC Motors, Changan Automobile, Beijing Automotive Industry Holding (BAIC), Dongfeng Motor Company, and Others.

Future Outlook

  • The China new energy vehicle (NEV) taxi industry is expected to increase significantly and has a positive outlook.
  • The advent of new business models has led to the expansion of the China market.
  • During the projection period, one of the main challenges that are expected to impede the growth of China’s new energy vehicle (NEV) taxi market is concerns about battery deterioration.
  • To stay ahead of the competition, key enterprises must develop new products, expand their market reach, and keep their prices competitive.

How CXOs Can Benefit from the Credence Research China New Energy Vehicle (NEV) Taxi Market Report

CXOs may get a detailed picture of the market in the Credence Research China New Energy Vehicle (NEV) Taxi Market Report, which includes:

  • Market size and growth forecast: The report provides detailed estimates of the size of China’s new energy vehicle (NEV) taxi market, segmented by vehicle type, taxi operator, charging infrastructure, taxi-hailing platform, vehicle model, and government incentives. It also includes forecasts for the market through 2032 based on key trends and drivers.
  • Market segmentation: The research report breaks down the market for China’s new energy vehicle (NEV) taxis into segments based on vehicle type, taxi operator, charging infrastructure, taxi-hailing platform, vehicle model, and government incentives. This segmentation provides CXOs with a granular understanding of the market and the opportunities in each segment.
  • Competitive landscape: The research report offers a detailed analysis of the major companies in China’s new energy vehicle (NEV) taxi industry, including information on their business plans, line of products, and earnings. CXOs can use this information to evaluate and identify their competitors.
  • Key trends and drivers: The research report identifies and evaluates the main trends and factors influencing the market for China’s new energy vehicle (NEV) taxi. CXOs can use this information to make well-informed choices regarding their plans and investments.

CXOs can use the insights from the Credence Research China New Energy Vehicle (NEV) Taxi Market Report to:

  • Identify growth opportunities: With the help of this analysis, CXOs may identify new growth opportunities in China’s new energy vehicle (NEV) taxi sector. For example, the report identifies the growing demand for China’s new energy vehicle (NEV) taxis from public charging stations as a key opportunity.
  • Make informed investment decisions: With the help of the report, CXOs can choose China’s new energy vehicle (NEV) taxi wisely. For example, the research study provides information on the critical factors to consider while selecting new energy vehicle (NEV) taxi solutions and evaluating new energy vehicle (NEV) taxi suppliers.
  • Develop competitive strategies: The research report can be used by CXOs to develop competitive strategies for their China new energy vehicle (NEV) taxi businesses. For example, the research paper outlines the main strategies suppliers of China’s new energy vehicle (NEV) taxis utilize to differentiate themselves from competitors.
  • Track market developments: CXOs may stay ahead of the curve by tracking market developments with the aid of this research report. For instance, the research report offers insights into the most recent developments and trends in the market for China’s new energy vehicle (NEV) taxi.

In general, CXOs seeking to expand their industry knowledge and spot growth prospects will find the Credence Research China New Energy Vehicle (NEV) Taxi Market Report a useful tool.

Segmentation

  • By Vehicle Type
    • Battery Electric Vehicles (BEVs)
    • Plug-in Hybrid Electric Vehicles (PHEVs)
    • Hydrogen Fuel Cell Vehicles
    • Others
  • By Taxi Operator
    • Fleet-Owned Taxis
    • Individually Owned Taxis
  • By Charging Infrastructure
    • Public Charging Stations
    • Private Charging Stations
  • By Taxi-Hailing Platform
    • Didi Chuxing
    • Meituan Dianping
    • Other Local and Regional Platforms
  • By Vehicle Model
    • Sedans
    • SUVs
    • Vans
  • By Government Incentives
    • Subsidies for NEV Taxis
    • Charging Infrastructure Support
    • Exemption from License Plate Quotas

Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Market Introduction
2. Executive Summary
2.1. Market Snapshot: China New Energy Vehicle (NEV) Taxi Market
2.1.1. China New Energy Vehicle (NEV) Taxi Market, By Vehicle Type
2.1.2. China New Energy Vehicle (NEV) Taxi Market, By Taxi Operator
2.1.3. China New Energy Vehicle (NEV) Taxi Market, By Charging Infrastructure
2.1.4. China New Energy Vehicle (NEV) Taxi Market, By Taxi-Hailing Platform
2.1.5. China New Energy Vehicle (NEV) Taxi Market, By Vehicle Model
2.1.6. China New Energy Vehicle (NEV) Taxi Market, By Government Incentives
2.2. Insights from Primary Respondents
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. China New Energy Vehicle (NEV) Taxi Market Value, 2019-2032, (US$ Mn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. New Energy Vehicle (NEV) Taxi Market Drivers
3.2.2. New Energy Vehicle (NEV) Taxi Market Restraints
3.2.3. New Energy Vehicle (NEV) Taxi Market Opportunities
3.2.4. Major New Energy Vehicle (NEV) Taxi Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Vehicle Type
3.5.2. Taxi Operator
3.5.3. Charging Infrastructure
3.5.4. Taxi-Hailing Platform
3.5.5. Vehicle Model
3.5.6. Government Incentives
4. Market Competitive Landscape Analysis
4.1. Company Market Share Analysis, 2023
4.1.1. China New Energy Vehicle (NEV) Taxi Market: Company Market Share, Value 2023
4.1.2. China New Energy Vehicle (NEV) Taxi Market: Top 6 Company Market Share, Value 2023
4.1.3. China New Energy Vehicle (NEV) Taxi Market: Top 3 Company Market Share, Value 2023
4.2. China New Energy Vehicle (NEV) Taxi Market: Company Revenue Share Analysis, 2023
4.3. Company Assessment Metrics, 2023
4.3.1. Stars
4.3.2. Emerging Leaders
4.3.3. Pervasive Players
4.3.4. Participants
4.4. Startups/ SMEs Assessment Metrics, 2023
4.4.1. Progressive Companies
4.4.2. Responsive Companies
4.4.3. Dynamic Companies
4.4.4. Starting Blocks
4.5. Strategic Development
4.5.1. Acquisition and Mergers
4.5.2. New Product Launch
4.5.3. Regional Expansion
4.5.4. Partnerships
4.6. Key Player Product Matrix
4.7. Potential for New Players in the China New Energy Vehicle (NEV) Taxi Market
5. Premium Insights
5.1. STAR (Situation, Task, Action, Results) Analysis
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Bargaining Power of Buyers/Consumers
5.2.3. Bargaining Power of Suppliers
5.2.4. Threat of Substitute Types
5.2.5. Intensity of Competitive Rivalry
5.3. PESTEL Analysis
5.3.1. Political Factors
5.3.2. Economic Factors
5.3.3. Social Factors
5.3.4. Technological Factors
5.3.5. Environmental Factors
5.3.6. Legal Factors
5.4. Key Market Trends
5.4.1. Demand Side Trends
5.4.2. Supply Side Trends
5.5. Value Chain Analysis
5.6. Technology Analysis
5.6.1. Research and development in the China Market
5.6.2. Patent Analysis
5.6.3. Emerging technologies and their potential disruption to the market
5.7. Consumer Behaviour Analysis
5.7.1. Consumer Preferences and Expectations
5.7.2. Factors Influencing Consumer Buying Decisions
5.7.3. Consumer Pain Points
5.8. Analysis and Recommendations
5.9. Adjacent Market Analysis
6. Market Positioning of Key Players, 2023
6.1. Company market share of key players, 2023
6.2. Competitive Benchmarking
6.3. Market Positioning of Key Vendors
6.4. Geographical Presence Analysis
6.5. Major Strategies Adopted by Key Players
6.5.1. Key Strategies Analysis
6.5.2. Mergers and Acquisitions
6.5.3. Partnerships
6.5.4. Product Launch
6.5.5. Geographical Expansion
6.5.6. Others
7. Impact Analysis of COVID 19 and Russia – Ukraine War on China New Energy Vehicle (NEV) Taxi Market
7.1. Ukraine-Russia War Impact
7.1.1. Uncertainty and Economic Instability
7.1.2. Supply chain disruptions
7.1.3. Regional market shifts
7.1.4. Shift in government priorities
7.2. COVID-19 Impact Analysis
7.2.1. Supply Chain Disruptions
7.2.2. Demand Fluctuations
7.2.3. Shift in Product Mix
7.2.4. Reduced Industrial Activity
7.2.5. Impact Analysis
7.2.5.1. China
8. China New Energy Vehicle (NEV) Taxi Market, By Vehicle Type
8.1. China New Energy Vehicle (NEV) Taxi Market Overview, by Vehicle Type
8.1.1. China New Energy Vehicle (NEV) Taxi Market Revenue Share, By Vehicle Type, 2023 Vs 2032 (in %)
8.2. Battery Electric Vehicles (BEVs)
8.2.1. China New Energy Vehicle (NEV) Taxi Market, By Battery Electric Vehicles (BEVs), 2019-2032 (US$ Mn)
8.2.2. Market Dynamics for Battery Electric Vehicles (BEVs)
8.2.2.1. Drivers
8.2.2.2. Restraints
8.2.2.3. Opportunities
8.2.2.4. Trends
8.3. Plug-in Hybrid Electric Vehicles (PHEVs)
8.3.1. China New Energy Vehicle (NEV) Taxi Market, By Plug-in Hybrid Electric Vehicles (PHEVs), 2019-2032 (US$ Mn)
8.3.2. Market Dynamics for Plug-in Hybrid Electric Vehicles (PHEVs)
8.3.2.1. Drivers
8.3.2.2. Restraints
8.3.2.3. Opportunities
8.3.2.4. Trends
8.4. Hydrogen Fuel Cell Vehicles
8.4.1. China New Energy Vehicle (NEV) Taxi Market, By Hydrogen Fuel Cell Vehicles, 2019-2032 (US$ Mn)
8.4.2. Market Dynamics for Hydrogen Fuel Cell Vehicles
8.4.2.1. Drivers
8.4.2.2. Restraints
8.4.2.3. Opportunities
8.4.2.4. Trends
8.5. Others
8.5.1. China New Energy Vehicle (NEV) Taxi Market, By Others, 2019-2032 (US$ Mn)
8.5.2. Market Dynamics for Others
8.5.2.1. Drivers
8.5.2.2. Restraints
8.5.2.3. Opportunities
8.5.2.4. Trends
9. China New Energy Vehicle (NEV) Taxi Market, By Taxi Operator
9.1. China New Energy Vehicle (NEV) Taxi Market Overview, by Taxi Operator
9.1.1. China New Energy Vehicle (NEV) Taxi Market Revenue Share, By Taxi Operator, 2023 Vs 2032 (in %)
9.2. Fleet-Owned Taxis
9.2.1. China New Energy Vehicle (NEV) Taxi Market, By Fleet-Owned Taxis, 2019-2032 (US$ Mn)
9.2.2. Market Dynamics for Fleet-Owned Taxis
9.2.2.1. Drivers
9.2.2.2. Restraints
9.2.2.3. Opportunities
9.2.2.4. Trends
9.3. Individually Owned Taxis
9.3.1. China New Energy Vehicle (NEV) Taxi Market, By Individually Owned Taxis, 2019-2032 (US$ Mn)
9.3.2. Market Dynamics for Individually Owned Taxis
9.3.2.1. Drivers
9.3.2.2. Restraints
9.3.2.3. Opportunities
9.3.2.4. Trends
10. China New Energy Vehicle (NEV) Taxi Market, By Charging Infrastructure
10.1. China New Energy Vehicle (NEV) Taxi Market Overview, by Charging Infrastructure
10.1.1. China New Energy Vehicle (NEV) Taxi Market Revenue Share, By Charging Infrastructure, 2023 Vs 2032 (in %)
10.2. Public Charging Stations
10.2.1. China New Energy Vehicle (NEV) Taxi Market, By Public Charging Stations, 2019-2032 (US$ Mn)
10.2.2. Market Dynamics for Public Charging Stations
10.2.2.1. Drivers
10.2.2.2. Restraints
10.2.2.3. Opportunities
10.2.2.4. Trends
10.3. Private Charging Stations
10.3.1. China New Energy Vehicle (NEV) Taxi Market, By Private Charging Stations, 2019-2032 (US$ Mn)
10.3.2. Market Dynamics for Private Charging Stations
10.3.2.1. Drivers
10.3.2.2. Restraints
10.3.2.3. Opportunities
10.3.2.4. Trends
11. China New Energy Vehicle (NEV) Taxi Market, By Taxi-Hailing Platform
11.1. China New Energy Vehicle (NEV) Taxi Market Overview, by Taxi-Hailing Platform
11.1.1. China New Energy Vehicle (NEV) Taxi Market Revenue Share, By Taxi-Hailing Platform, 2023 Vs 2032 (in %)
11.2. Didi Chuxing
11.2.1. China New Energy Vehicle (NEV) Taxi Market, By Didi Chuxing, 2019-2032 (US$ Mn)
11.2.2. Market Dynamics for Didi Chuxing
11.2.2.1. Drivers
11.2.2.2. Restraints
11.2.2.3. Opportunities
11.2.2.4. Trends
11.3. Meituan Dianping
11.3.1. China New Energy Vehicle (NEV) Taxi Market, By Meituan Dianping, 2019-2032 (US$ Mn)
11.3.2. Market Dynamics for Meituan Dianping
11.3.2.1. Drivers
11.3.2.2. Restraints
11.3.2.3. Opportunities
11.3.2.4. Trends
11.4. Other Local and Regional Platforms
11.4.1. China New Energy Vehicle (NEV) Taxi Market, By Other Local and Regional Platforms, 2019-2032 (US$ Mn)
11.4.2. Market Dynamics for Other Local and Regional Platforms
11.4.2.1. Drivers
11.4.2.2. Restraints
11.4.2.3. Opportunities
11.4.2.4. Trends
12. China New Energy Vehicle (NEV) Taxi Market, By Vehicle Model
12.1. China New Energy Vehicle (NEV) Taxi Market Overview, by Vehicle Model
12.1.1. China New Energy Vehicle (NEV) Taxi Market Revenue Share, By Vehicle Model, 2023 Vs 2032 (in %)
12.2. Sedans
12.2.1. China New Energy Vehicle (NEV) Taxi Market, By Sedans, 2019-2032 (US$ Mn)
12.2.2. Market Dynamics for Sedans
12.2.2.1. Drivers
12.2.2.2. Restraints
12.2.2.3. Opportunities
12.2.2.4. Trends
12.3. SUVs
12.3.1. China New Energy Vehicle (NEV) Taxi Market, By SUVs, 2019-2032 (US$ Mn)
12.3.2. Market Dynamics for SUVs
12.3.2.1. Drivers
12.3.2.2. Restraints
12.3.2.3. Opportunities
12.3.2.4. Trends
12.4. Vans
12.4.1. China New Energy Vehicle (NEV) Taxi Market, By Vans, 2019-2032 (US$ Mn)
12.4.2. Market Dynamics for Vans
12.4.2.1. Drivers
12.4.2.2. Restraints
12.4.2.3. Opportunities
12.4.2.4. Trends
13. China New Energy Vehicle (NEV) Taxi Market, By Government Incentives
13.1. China New Energy Vehicle (NEV) Taxi Market Overview, by Government Incentives
13.1.1. China New Energy Vehicle (NEV) Taxi Market Revenue Share, By Government Incentives, 2023 Vs 2032 (in %)
13.2. Subsidies for NEV Taxis
13.2.1. China New Energy Vehicle (NEV) Taxi Market, By Subsidies for NEV Taxis, 2019-2032 (US$ Mn)
13.2.2. Market Dynamics for Subsidies for NEV Taxis
13.2.2.1. Drivers
13.2.2.2. Restraints
13.2.2.3. Opportunities
13.2.2.4. Trends
13.3. Charging Infrastructure Support
13.3.1. China New Energy Vehicle (NEV) Taxi Market, By Charging Infrastructure Support, 2019-2032 (US$ Mn)
13.3.2. Market Dynamics for Charging Infrastructure Support
13.3.2.1. Drivers
13.3.2.2. Restraints
13.3.2.3. Opportunities
13.3.2.4. Trends
13.4. Exemption from License Plate Quotas
13.4.1. China New Energy Vehicle (NEV) Taxi Market, By Exemption from License Plate Quotas, 2019-2032 (US$ Mn)
13.4.2. Market Dynamics for Exemption from License Plate Quotas
13.4.2.1. Drivers
13.4.2.2. Restraints
13.4.2.3. Opportunities
13.4.2.4. Trends
14. Company Profiles
14.1. Daimler AG
14.1.1. Company Overview
14.1.2. Products/Services Portfolio
14.1.3. Geographical Presence
14.1.4. SWOT Analysis
14.1.5. Financial Summary
14.1.5.1. Market Revenue and Net Profit (2019-2023)
14.1.5.2. Business Segment Revenue Analysis
14.1.5.3. Geographical Revenue Analysis
14.2. AB Volvo
14.3. BYD Auto Co.
14.4. Volkswagen Group
14.5. Mahindra and Mahindra
14.6. Toyota Motor Corporation
14.7. BMW AG
14.8. Ford Motor Company
14.9. Honda Motor Co.
14.10. TATA Motors
14.11. Nissan Motor Corporation
14.12. General Motors Company
14.13. Hyundai Motor Company
14.14. London Electric Vehicle Company
14.15. Tesla
14.16. JAC Motors
14.17. Changan Automobile
14.18. Beijing Automotive Industry Holding (BAIC)
14.19. Dongfeng Motor Company
14.20. Others
15. Research Methodology
15.1. Research Methodology
15.2. Phase I – Secondary Research
15.3. Phase II – Data Modelling
15.3.1. Company Share Analysis Model
15.3.2. Revenue Based Modelling
15.4. Phase III – Primary Research
15.5. Research Limitations
15.5.1. Assumptions

List of Figures
FIG. 1 China New Energy Vehicle (NEV) Taxi Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 China New Energy Vehicle (NEV) Taxi Market Segmentation
FIG. 4 China New Energy Vehicle (NEV) Taxi Market, by Vehicle Type, 2023 (US$ Mn)
FIG. 5 China New Energy Vehicle (NEV) Taxi Market, by Taxi Operator, 2023 (US$ Mn)
FIG. 6 China New Energy Vehicle (NEV) Taxi Market, by Charging Infrastructure, 2023 (US$ Mn)
FIG. 7 China New Energy Vehicle (NEV) Taxi Market, by Taxi-Hailing Platform, 2023 (US$ Mn)
FIG. 8 China New Energy Vehicle (NEV) Taxi Market, by Vehicle Model, 2023 (US$ Mn)
FIG. 9 China New Energy Vehicle (NEV) Taxi Market, by Government Incentives, 2023 (US$ Mn)
FIG. 10 Attractive Investment Proposition, by Vehicle Type, 2023
FIG. 11 Attractive Investment Proposition, by Taxi Operator, 2023
FIG. 12 Attractive Investment Proposition, by Charging Infrastructure, 2023
FIG. 13 Attractive Investment Proposition, by Taxi-Hailing Platform, 2023
FIG. 14 Attractive Investment Proposition, by Vehicle Model, 2023
FIG. 15 Attractive Investment Proposition, by Government Incentives, 2023
FIG. 16 China Market Share Analysis of Key New Energy Vehicle (NEV) Taxi Market Manufacturers, 2023
FIG. 17 China Market Positioning of Key New Energy Vehicle (NEV) Taxi Market Manufacturers, 2023
FIG. 18 China New Energy Vehicle (NEV) Taxi Market Value Contribution, By Vehicle Type, 2023 & 2032 (Value %)
FIG. 19 China New Energy Vehicle (NEV) Taxi Market, by Battery Electric Vehicles (BEVs), Value, 2019-2032 (US$ Mn)
FIG. 20 China New Energy Vehicle (NEV) Taxi Market, by Plug-in Hybrid Electric Vehicles (PHEVs), Value, 2019-2032 (US$ Mn)
FIG. 21 China New Energy Vehicle (NEV) Taxi Market, by Hydrogen Fuel Cell Vehicles, Value, 2019-2032 (US$ Mn)
FIG. 22 China New Energy Vehicle (NEV) Taxi Market, by Others, Value, 2019-2032 (US$ Mn)
FIG. 23 China New Energy Vehicle (NEV) Taxi Market Value Contribution, By Taxi Operator, 2023 & 2032 (Value %)
FIG. 24 China New Energy Vehicle (NEV) Taxi Market, by Fleet-Owned Taxis, Value, 2019-2032 (US$ Mn)
FIG. 25 China New Energy Vehicle (NEV) Taxi Market, by Individually Owned Taxis, Value, 2019-2032 (US$ Mn)
FIG. 26 China New Energy Vehicle (NEV) Taxi Market Value Contribution, By Charging Infrastructure, 2023 & 2032 (Value %)
FIG. 27 China New Energy Vehicle (NEV) Taxi Market, by Public Charging Stations, Value, 2019-2032 (US$ Mn)
FIG. 28 China New Energy Vehicle (NEV) Taxi Market, by Private Charging Stations, Value, 2019-2032 (US$ Mn)
FIG. 29 China New Energy Vehicle (NEV) Taxi Market Value Contribution, By Taxi-Hailing Platform, 2023 & 2032 (Value %)
FIG. 30 China New Energy Vehicle (NEV) Taxi Market, by Didi Chuxing, Value, 2019-2032 (US$ Mn)
FIG. 31 China New Energy Vehicle (NEV) Taxi Market, by Meituan Dianping, Value, 2019-2032 (US$ Mn)
FIG. 32 China New Energy Vehicle (NEV) Taxi Market, by Other Local and Regional Platforms, Value, 2019-2032 (US$ Mn)
FIG. 33 China New Energy Vehicle (NEV) Taxi Market Value Contribution, By Vehicle Model, 2023 & 2032 (Value %)
FIG. 34 China New Energy Vehicle (NEV) Taxi Market, by Sedans, Value, 2019-2032 (US$ Mn)
FIG. 35 China New Energy Vehicle (NEV) Taxi Market, by SUVs, Value, 2019-2032 (US$ Mn)
FIG. 36 China New Energy Vehicle (NEV) Taxi Market, by Vans, Value, 2019-2032 (US$ Mn)
FIG. 37 China New Energy Vehicle (NEV) Taxi Market Value Contribution, By Government Incentives, 2023 & 2032 (Value %)
FIG. 38 China New Energy Vehicle (NEV) Taxi Market, by Subsidies for NEV Taxis, Value, 2019-2032 (US$ Mn)
FIG. 39 China New Energy Vehicle (NEV) Taxi Market, by Charging Infrastructure Support, Value, 2019-2032 (US$ Mn)
FIG. 40 China New Energy Vehicle (NEV) Taxi Market, by Exemption from License Plate Quotas, Value, 2019-2032 (US$ Mn)

List of Tables
TABLE 1 Market Snapshot: China New Energy Vehicle (NEV) Taxi Market
TABLE 2 China New Energy Vehicle (NEV) Taxi Market: Market Drivers Impact Analysis
TABLE 3 China New Energy Vehicle (NEV) Taxi Market: Market Restraints Impact Analysis
TABLE 4 China New Energy Vehicle (NEV) Taxi Market, by Competitive Benchmarking, 2023
TABLE 5 China New Energy Vehicle (NEV) Taxi Market, by Geographical Presence Analysis, 2023
TABLE 6 China New Energy Vehicle (NEV) Taxi Market, by Key Strategies Analysis, 2023
TABLE 7 China New Energy Vehicle (NEV) Taxi Market, by Battery Electric Vehicles (BEVs), 2019-2023 (US$ Mn)
TABLE 8 China New Energy Vehicle (NEV) Taxi Market, by Battery Electric Vehicles (BEVs), 2024-2032 (US$ Mn)
TABLE 9 China New Energy Vehicle (NEV) Taxi Market, by Plug-in Hybrid Electric Vehicles (PHEVs), 2019-2023 (US$ Mn)
TABLE 10 China New Energy Vehicle (NEV) Taxi Market, by Plug-in Hybrid Electric Vehicles (PHEVs), 2024-2032 (US$ Mn)
TABLE 11 China New Energy Vehicle (NEV) Taxi Market, by Hydrogen Fuel Cell Vehicles, 2019-2023 (US$ Mn)
TABLE 12 China New Energy Vehicle (NEV) Taxi Market, by Hydrogen Fuel Cell Vehicles, 2024-2032 (US$ Mn)
TABLE 13 China New Energy Vehicle (NEV) Taxi Market, by Others, 2019-2023 (US$ Mn)
TABLE 14 China New Energy Vehicle (NEV) Taxi Market, by Others, 2024-2032 (US$ Mn)
TABLE 15 China New Energy Vehicle (NEV) Taxi Market, by Fleet-Owned Taxis, 2019-2023 (US$ Mn)
TABLE 16 China New Energy Vehicle (NEV) Taxi Market, by Fleet-Owned Taxis, 2024-2032 (US$ Mn)
TABLE 17 China New Energy Vehicle (NEV) Taxi Market, by Individually Owned Taxis, 2019-2023 (US$ Mn)
TABLE 18 China New Energy Vehicle (NEV) Taxi Market, by Individually Owned Taxis, 2024-2032 (US$ Mn)
TABLE 19 China New Energy Vehicle (NEV) Taxi Market, by Public Charging Stations, 2019-2023 (US$ Mn)
TABLE 20 China New Energy Vehicle (NEV) Taxi Market, by Public Charging Stations, 2024-2032 (US$ Mn)
TABLE 21 China New Energy Vehicle (NEV) Taxi Market, by Private Charging Stations, 2019-2023 (US$ Mn)
TABLE 22 China New Energy Vehicle (NEV) Taxi Market, by Private Charging Stations, 2024-2032 (US$ Mn)
TABLE 23 China New Energy Vehicle (NEV) Taxi Market, by Didi Chuxing, 2019-2023 (US$ Mn)
TABLE 24 China New Energy Vehicle (NEV) Taxi Market, by Didi Chuxing, 2024-2032 (US$ Mn)
TABLE 25 China New Energy Vehicle (NEV) Taxi Market, by Meituan Dianping, 2019-2023 (US$ Mn)
TABLE 26 China New Energy Vehicle (NEV) Taxi Market, by Meituan Dianping, 2024-2032 (US$ Mn)
TABLE 27 China New Energy Vehicle (NEV) Taxi Market, by Other Local and Regional Platforms, 2019-2023 (US$ Mn)
TABLE 28 China New Energy Vehicle (NEV) Taxi Market, by Other Local and Regional Platforms, 2024-2032 (US$ Mn)
TABLE 29 China New Energy Vehicle (NEV) Taxi Market, by Sedans, 2019-2023 (US$ Mn)
TABLE 30 China New Energy Vehicle (NEV) Taxi Market, by Sedans, 2024-2032 (US$ Mn)
TABLE 31 China New Energy Vehicle (NEV) Taxi Market, by SUVs, 2019-2023 (US$ Mn)
TABLE 32 China New Energy Vehicle (NEV) Taxi Market, by SUVs, 2024-2032 (US$ Mn)
TABLE 33 China New Energy Vehicle (NEV) Taxi Market, by Vans, 2019-2023 (US$ Mn)
TABLE 34 China New Energy Vehicle (NEV) Taxi Market, by Vans, 2024-2032 (US$ Mn)
TABLE 35 China New Energy Vehicle (NEV) Taxi Market, by Subsidies for NEV Taxis, 2019-2023 (US$ Mn)
TABLE 36 China New Energy Vehicle (NEV) Taxi Market, by Subsidies for NEV Taxis, 2024-2032 (US$ Mn)
TABLE 37 China New Energy Vehicle (NEV) Taxi Market, by Charging Infrastructure Support, 2019-2023 (US$ Mn)
TABLE 38 China New Energy Vehicle (NEV) Taxi Market, by Charging Infrastructure Support, 2024-2032 (US$ Mn)
TABLE 39 China New Energy Vehicle (NEV) Taxi Market, by Exemption from License Plate Quotas, 2019-2023 (US$ Mn)
TABLE 40 China New Energy Vehicle (NEV) Taxi Market, by Exemption from License Plate Quotas, 2024-2032 (US$ Mn)
TABLE 41 China New Energy Vehicle (NEV) Taxi Market, by Vehicle Type, 2019-2023 (US$ Mn)
TABLE 42 China New Energy Vehicle (NEV) Taxi Market, by Vehicle Type, 2024-2032 (US$ Mn)
TABLE 43 China New Energy Vehicle (NEV) Taxi Market, by Taxi Operator, 2019-2023 (US$ Mn)
TABLE 44 China New Energy Vehicle (NEV) Taxi Market, by Taxi Operator, 2024-2032 (US$ Mn)
TABLE 45 China New Energy Vehicle (NEV) Taxi Market, by Charging Infrastructure, 2019-2023 (US$ Mn)
TABLE 46 China New Energy Vehicle (NEV) Taxi Market, by Charging Infrastructure, 2024-2032 (US$ Mn)
TABLE 47 China New Energy Vehicle (NEV) Taxi Market, by Taxi-Hailing Platform, 2019-2023 (US$ Mn)
TABLE 48 China New Energy Vehicle (NEV) Taxi Market, by Taxi-Hailing Platform, 2024-2032 (US$ Mn)
TABLE 49 China New Energy Vehicle (NEV) Taxi Market, by Vehicle Model, 2019-2023 (US$ Mn)
TABLE 50 China New Energy Vehicle (NEV) Taxi Market, by Vehicle Model, 2024-2032 (US$ Mn)
TABLE 51 China New Energy Vehicle (NEV) Taxi Market, by Government Incentives, 2019-2023 (US$ Mn)
TABLE 52 China New Energy Vehicle (NEV) Taxi Market, by Government Incentives, 2024-2032 (US$ Mn)

Frequently Asked Questions

How much does the market currently hold for China’s new energy vehicle (NEV) taxi?

In 2023, the China new energy vehicle (NEV) taxi market was estimated to be worth USD 585.2 million.

What is the Chinese new energy vehicle (NEV) taxi market’s projected growth rate between 2024 and 2032?

The China new energy vehicle (NEV) taxi market is anticipated to increase at a CAGR of 32.30% from 2024 to 2032, reaching USD 7266.79 million in 2032.

In terms of vehicle type, which market category is leading?

Battery electric vehicles (BEVs) are the most popular vehicle type category.

Regarding taxi operators, which market category is in the lead?

The noteworthy taxi operator segment is fleet-owned taxis.

Who are the main players in China’s new energy vehicle (NEV) taxi industry?

The top players include Daimler AG, AB Volvo, BYD Auto Co., Volkswagen Group, Mahindra and Mahindra, Toyota Motor Corporation, BMW AG, Ford Motor Company, Honda Motor Co., TATA Motors, Nissan Motor Corporation, General Motors Company, Hyundai Motor Company, London Electric Vehicle Company, Tesla, JAC Motors, Changan Automobile, Beijing Automotive Industry Holding (BAIC), Dongfeng Motor Company, and others.

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