Pune, India, June 30, 2021 (GLOBE NEWSWIRE) — The global New Energy Vehicle Taxi Market size is expected to reach USD 173.37 billion by 2027, exhibiting a CAGR of 1.9% during the forecast period. The increasing adoption of NEV vehicles and expanding EV charging infrastructure will contribute significantly to the market growth, states Fortune Business Insights, in a report, titled “New Energy Vehicle Taxi Market, 2020-2027.” The market size stood at USD 150.47 billion in 2019.
Market Segments:
Based on the Vehicle Type, the NEV taxi market is divided into commercial vehicles and passenger cars. The passenger cars segment is expected to experience a rapid surge during the forecast period. The growing consumer inclination towards environment-friendly cars will bolster the healthy growth of the passenger cars segment.
The market is classified into Electric Vehicles, Hybrid Vehicles, and Plug-in Hybrid Electric Vehicles systems based on vehicle type. The hybrid electric vehicle is expected to hold the largest share during the forecast period.
Geographically, the…
