- USA, China, Japan are the leading countries in the Global Electric Taxi Market
TechNavio, the independent London-based global research firm, today announced the publication of its research report on the Global Electric Taxi Market. The report finds cost-effectiveness of EVs is driving the growth of this market. The analysis is for the forecast period 2014-2018.
EVs are mainly pure-electric automobiles that require minimal gasoline and run on a single electric charge for 40-80 miles. As such, EV’s are being widely used as taxis for human transport. The minimized pollution levels associated with the use of electric taxi constitute another major factor driving the demand for electric taxi across the globe. In addition, the surging fuel costs is making consumers and auto majors looks for alternative means of transport best served by EV’s.
Governments across the globe are playing a very important role in the growth of the Global EV market. Government agencies, such as the US Environmental Protection Agency, are providing incentives to automobile manufacturers for the development of low-emission vehicles. The Japanese government is providing acquisition tax exemption, tonnage tax exemption, and subsidies up to US$1,100 on low emission vehicle purchases. The Indian government is also currently providing subsidies of up to 20 percent of the ex-factory price on the purchase of low-emission vehicles. China has entered into a clean energy agreement with the US, known as the US-China Energy Cooperation Program, to promote the clean energy technology of the US in China. This has been creating several business opportunities for companies in all these countries.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentation, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Electric Taxi Market 2014-2018, please send an e-mail to media@TechNavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Electric Taxi Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
Media Contact:
Rituparna Roy/Arijit Rakshit
Marketing Manager/Analyst & PR
+91 9591975898; +44 208 123 1770; +1 630 333 9501
Twitter: @TechNavio
