The number of vehicles including taxi fleets in China has grown considerably in recent years, which has resulted in increased air pollution, traffic congestion, and fuel consumption. The new energy vehicles have garnered lot of interest across the globe, especially in China. Their ability to curb carbon emissions, leading to improved air quality and reduced dependence on foreign oil has been instrumental in driving market adoption.
Favorable government initiatives and policies have further fueled market momentum in China. For instance, the central government of China has started ‘Ten Cities- Thousand Vehicles Program’ to promote the development and adoption of new energy vehicles through pilot projects in country’s 10 major cities, centering on the taxi fleets and other government fleet applications. Furthermore, a five year vehicle emission control program (2013 – 2017) initiated in Beijing is majorly targeted towards the promotion of new energy vehicles for public transportation (ex- taxis, buses, sanitation trucks, and postal vehicles among others). The advancements in battery technologies have also had positive impact on the upfront cost of new energy vehicles, fuelling its market adoption. All these factors are expected to collectively contribute towards a double digit compounded annual growth rate (CAGR) during the forecast period 2016 – 2023.
Report Scope
This report analyzes the China new energy vehicle taxi market in terms of ownership, distance range, and geography. On the basis of ownership, the China new energy vehicle taxi market is segmented into company-owned and privately-owned new energy vehicle taxis. Similarly, on the basis of distance range, the market is further classified into short range NEV taxis and long range NEV taxis.
1.1 Report Description
Purpose of the Report
The purpose of this strategic research study titled “China New Energy Vehicle Taxi - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the China new energy vehicle taxi market.
Target Audience
- Industry Investors
- NEV Taxi Manufacturers
- Battery Manufacturers
- Electric Car Manufacturers
- Integrators and Assemblers
USP and Key Offerings
The report titled “China New Energy Vehicle Taxi Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global China new energy vehicle taxi market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on ownership and distance range. In order to help strategic decision makers, the report also includes competitive profiling of the leading China new energy vehicle taxi manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the China new energy vehicle taxi market
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Value Chain Analysis
Overall, the research study provides a holistic view of the China new energy vehicle taxi market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.
