The New Energy Vehicle (NEV) Taxi Market Size was valued at USD 65.30 billion in 2023 and is expected to reach USD 494.59 billion by 2031 and grow at a CAGR of 28.8% over the forecast period 2024-2031.
NEV taxis are new energy vehicles, such as battery electric vehicles (BEVs) and plug-in hybrids, that are partially or totally powered by electricity (PHEVs). In 2009, the Chinese government launched its NEV initiative to promote the research and introduction of new energy vehicles. The biggest worldwide challenge at the moment is the depletion of fossil fuel resources, and seeking alternatives has resulted in a trend toward green movement and green mobility. This is a primary driver of the New Energy Vehicle Taxi Market's growth and demand, as it emits less pollution and requires less maintenance at a lower cost than traditional petrol and diesel taxis. It provides a quieter, more comfortable, and cost-effective journey.
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The New Energy Vehicle (NEV) Taxi market is witnessing substantial growth driven by factors such as rapidly rising air pollution, strict emission regulations, and government support through tax breaks and subsidies for NEV purchases. Lower travel costs facilitated by NEV taxis and the proliferation of electric vehicle charging stations contribute to the market's expansion. Notably, the integration of 5G and AI technologies is a key trend, with telecom companies developing 5G for NEVs to enhance efficiency and safety. According to the International 5G Automobile Association, the impending adoption of 5G could prevent up to 70% of accidents.
Governments worldwide are investing in charging infrastructure, with tax incentives, to support NEV adoption. Additionally, the increased use of Advanced Driver Assistance Systems (ADAS) in NEVs is a significant growth driver, as safety concerns prompt governments to enforce stringent regulations on automakers.
According to the World Health Organization, approximately 1.20 million people die annually due to road traffic crashes, emphasizing the urgency of implementing safety technologies in vehicles.
KEY DRIVERS:
Air pollution levels are rapidly rising, posing a threat to the environment and human health.
Strict pollution laws, as well as tax incentives & subsidies for the purchase of NEVs, are propelling the industry.
Advancements in electric vehicle charging technologies are propelling the market for new energy vehicles (NEVs).
RESTRAINTS:
The market will be restrained by the limited availability of fossil fuels and the growth in material costs.
The majority of urban cities have limited charging infrastructure, which hampered the industry.
Due to compulsory lockdown, the pandemic crippled the majority of enterprises around the world.
OPPORTUNITIES:
The New Energy Vehicle (NEV) Taxi Market faces a slew of opportunities as demand for ride-hailing services grows.
Government incentives are important motivators for the electrification of transportation infrastructures.
The green movement & green mobility are becoming more popular, which opens up new business potential.
CHALLENGES:
Despite government tax exemptions, NEV taxis are still rather pricey. This is a key worry when it comes to electric vehicle adoption.
Fast charging raises the temperature of the battery, posing safety concerns & necessitating the use of costly methods.
The ongoing war has intensified existing challenges in the automotive industry, aggravating supply chain disruptions and semiconductor shortages, already constraining global production. LMC Automotive projects a 400,000-unit reduction in global production, forecasting a dip in global auto sales for 2022 to 85.8 million, significantly below the potential 93 million if demand could be met. This supply-demand gap continues to drive up new and used car prices. Moreover, heightened gas prices and rising interest rates escalate vehicle ownership costs, potentially triggering a substantial decline in demand.
With Russia hosting 34 auto manufacturing facilities, the majority have suspended operations due to parts shortages, sanctions, and delivery bottlenecks at the Russian border. Major automakers with significant operations in the region, including VW, Mercedes-Benz Daimler, BMW, Honda, Toyota, Volvo, Nissan, Land Rover, and Ford, have ceased exporting vehicles to Russia. Production disruptions extend across Eastern Europe, impacting players like Hyundai, VW, Toyota, Stellantis, Ford, Kia, Peugeot, Audi, Porsche, Seat, and Skoda.
The conflict has also affected parts suppliers, with key components like wiring harnesses produced by subcontractors in places such as Ukraine. Leoni AG, a wire systems manufacturer in Ukraine, has shuttered its two factories, impacting roughly 7,000 employees. Additionally, Magna International Inc. has halted operations in Russia, affecting six plants and about 2,500 employees. Automakers relying on parts from China and Eastern Europe are strategizing alternative trade routes for part supplies. The war's impact on key commodities is evident, with Russia being a significant source of palladium and neon gas, essential for auto parts and semiconductor production. The sanctions on Russia have led to a direct impact on key commodities, including palladium, with prices increasing by more than 27% since January 1.
The global New Energy Vehicle (NEV) taxi market faces challenges amid the economic slowdown, impacting consumer purchasing power, government incentives, financing options, and infrastructure development. Reduced spending influences consumer behavior, potentially favoring traditional transport. Supply chain disruptions contribute to manufacturing delays, affecting NEV availability. Ride-hailing platforms witness shifts in demand dynamics.
Infrastructure development, particularly the expansion of charging networks, may experience delays due to budget constraints arising from economic uncertainties. Changes in consumer behavior during economic slowdowns can shift preferences toward traditional transportation options, potentially affecting the demand for NEV taxis. Additionally, global supply chain disruptions, common during economic downturns, may lead to manufacturing delays and shortages of NEV components, impacting overall market availability.
By Vehicle Type:
Plug-in hybrid electric vehicle
Battery electric vehicle
Hybrid electric vehicle
The hybrid electric vehicle sector is expected to account for the majority of the market. Due to improved fuel efficiency, increased power, and lower emissions, the hybrid electric vehicle market is expected to dominate the market.
By Range Type:
Intercity
Intracity
During the projection period, the intracity sector is likely to have the greatest share of the market and increase at the fastest rate. This is attributable to an increase in the use of intracity NEV taxis in metropolitan areas.
By Vehicle Class:
Hatchback
Sedan
Utility Vehicle
Because of the growth in demand for cost-effective electric vehicles, the hatchback category is likely to lead the market during the projection period. Incentives and other government-sponsored schemes are also likely to fuel the hatchback segment's expansion.
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The Asia-Pacific region is poised to dominate the New Energy Vehicle (NEV) market, driven by major automotive markets in emerging nations like China, South Korea, and India. Shenzhen, a prominent city in southern China and a high-tech hub, achieved a remarkable environmental milestone with nearly 99% of its 21,690 vehicles being electric.
North America is expected to secure the second-largest market share, propelled by government-sponsored initiatives and increased competition.
Europe, with stringent safety regulations, is anticipated to experience consistent growth, holding the third-largest market share. The European NEV taxi market, led by Germany and witnessing significant growth in the UK, is fuelled by factors such as traffic accidents, rising consumer income, and heightened concerns about vehicle pollution.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Tesla, Inc., Dongfeng Nissan Passenger Vehicle Company, BYD Company, Daimler AG, Nissan Motor Corporation, Jianghuai Automobile Co Ltd (JAC), Toyota Motor Corporation, Amazon (Washington), Changan Automobile Co. Ltd, Lyft Inc., Beijing Automotive, Anhui, Uber Technologies, Industry Holding Co. Ltd. (BAIC), and Beiqi Foton Motor Co. Ltd are some of the affluent competitors with significant market share in the New Energy Vehicle (NEV) Taxi Market.
In October 2023, BYD India, a subsidiary of a prominent New Energy Vehicles (NEV) manufacturer, has entered into a collaboration with OHM e-Logistics, an electric cab aggregator, and a platform for cargo leasing applications, as well as a business specializing in tracking and fleet management. The partnership aims to distribute 300 e6 electric passenger vehicles throughout India within the next six months.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 65.30 Billion |
| Market Size by 2031 | US$ 494.59 Billion |
| CAGR | CAGR of 28% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Vehicle Type (Plug-in hybrid electric vehicle, Battery electric vehicle, Hybrid electric vehicle) • by Range Type (Intercity, Intracity) • by Vehicle Class (Hatchback, Sedan, Utility Vehicle) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Tesla, Inc., Dongfeng Nissan Passenger Vehicle Company, BYD Company, Daimler AG, Nissan Motor Corporation, Jianghuai Automobile Co Ltd (JAC), Toyota Motor Corporation, Amazon (Washington), Changan Automobile Co. Ltd, Lyft Inc., Beijing Automotive, Anhui, Uber Technologies, Industry Holding Co. Ltd. (BAIC), and Beiqi Foton Motor Co. Ltd |
| Key Drivers | Air pollution levels are rapidly rising, posing a threat to the environment and human health. Strict pollution laws, as well as tax incentives & subsidies for the purchase of NEVs, are propelling the industry. |
| RESTRAINTS | The market will be restrained by the limited availability of fossil fuels and the growth in material costs. The majority of urban cities have limited charging infrastructure, which hampered the industry. |
Ans: The New Energy Vehicle (NEV) Taxi Market is expected to grow at a CAGR of 28.8%.
Ans: New Energy Vehicle (NEV) Taxi Market size was USD 65.30 billion in 2023 and is expected to Reach USD 494.59 billion by 2031.
Ans: Strict pollution laws, as well as tax incentives & subsidies for the purchase of NEVs, are propelling the industry.
Ans: The market will be restrained by the limited availability of fossil fuels and the growth in material costs.
Ans: Asia-Pacific region is poised to dominate the New Energy Vehicle (NEV) market, driven by major automotive markets in emerging nations like China, South Korea, and India.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. New Energy Vehicle (NEV) Taxi Market Segmentation, By Vehicle Type
9.1 Introduction
9.2 Trend Analysis
9.3 Plug-in hybrid electric vehicle
9.4 Battery electric vehicle
9.5 Hybrid electric vehicle
10. New Energy Vehicle (NEV) Taxi Market Segmentation, By Range Type
10.1 Introduction
10.2 Trend Analysis
10.3 Intercity
10.4 Intracity
11. New Energy Vehicle (NEV) Taxi Market Segmentation, By Vehicle Class
11.1 Introduction
11.2 Trend Analysis
11.3 Hatchback
11.4 Sedan
11.5 Utility Vehicle
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America New Energy Vehicle (NEV) Taxi Market by Country
12.2.3 North America New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.2.4 North America New Energy Vehicle (NEV) Taxi Market By Range Type
12.2.5 North America New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.2.6 USA
12.2.6.1 USA New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.2.6.2 USA New Energy Vehicle (NEV) Taxi Market By Range Type
12.2.6.3 USA New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.2.7 Canada
12.2.7.1 Canada New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.2.7.2 Canada New Energy Vehicle (NEV) Taxi Market By Range Type
12.2.7.3 Canada New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.2.8 Mexico
12.2.8.1 Mexico New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.2.8.2 Mexico New Energy Vehicle (NEV) Taxi Market By Range Type
12.2.8.3 Mexico New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe New Energy Vehicle (NEV) Taxi Market by Country
12.3.2.2 Eastern Europe New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.2.3 Eastern Europe New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.2.4 Eastern Europe New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.2.5 Poland
12.3.2.5.1 Poland New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.2.5.2 Poland New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.2.5.3 Poland New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.2.6 Romania
12.3.2.6.1 Romania New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.2.6.2 Romania New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.2.6.4 Romania New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.2.7 Hungary
12.3.2.7.1 Hungary New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.2.7.2 Hungary New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.2.7.3 Hungary New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.2.8 Turkey
12.3.2.8.1 Turkey New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.2.8.2 Turkey New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.2.8.3 Turkey New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.2.9.2 Rest of Eastern Europe New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.2.9.3 Rest of Eastern Europe New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3 Western Europe
12.3.3.1 Western Europe New Energy Vehicle (NEV) Taxi Market by Country
12.3.3.2 Western Europe New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.3 Western Europe New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.4 Western Europe New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3.5 Germany
12.3.3.5.1 Germany New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.5.2 Germany New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.5.3 Germany New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3.6 France
12.3.3.6.1 France New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.6.2 France New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.6.3 France New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3.7 UK
12.3.3.7.1 UK New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.7.2 UK New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.7.3 UK New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3.8 Italy
12.3.3.8.1 Italy New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.8.2 Italy New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.8.3 Italy New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3.9 Spain
12.3.3.9.1 Spain New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.9.2 Spain New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.9.3 Spain New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.10.2 Netherlands New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.10.3 Netherlands New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.11.2 Switzerland New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.11.3 Switzerland New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3.1.12 Austria
12.3.3.12.1 Austria New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.12.2 Austria New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.12.3 Austria New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.3.3.13.2 Rest of Western Europe New Energy Vehicle (NEV) Taxi Market By Range Type
12.3.3.13.3 Rest of Western Europe New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific New Energy Vehicle (NEV) Taxi Market by Country
12.4.3 Asia-Pacific New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.4.4 Asia-Pacific New Energy Vehicle (NEV) Taxi Market By Range Type
12.4.5 Asia-Pacific New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.4.6 China
12.4.6.1 China New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.4.6.2 China New Energy Vehicle (NEV) Taxi Market By Range Type
12.4.6.3 China New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.4.7 India
12.4.7.1 India New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.4.7.2 India New Energy Vehicle (NEV) Taxi Market By Range Type
12.4.7.3 India New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.4.8 Japan
12.4.8.1 Japan New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.4.8.2 Japan New Energy Vehicle (NEV) Taxi Market By Range Type
12.4.8.3 Japan New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.4.9 South Korea
12.4.9.1 South Korea New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.4.9.2 South Korea New Energy Vehicle (NEV) Taxi Market By Range Type
12.4.9.3 South Korea New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.4.10 Vietnam
12.4.10.1 Vietnam New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.4.10.2 Vietnam New Energy Vehicle (NEV) Taxi Market By Range Type
12.4.10.3 Vietnam New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.4.11 Singapore
12.4.11.1 Singapore New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.4.11.2 Singapore New Energy Vehicle (NEV) Taxi Market By Range Type
12.4.11.3 Singapore New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.4.12 Australia
12.4.12.1 Australia New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.4.12.2 Australia New Energy Vehicle (NEV) Taxi Market By Range Type
12.4.12.3 Australia New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.4.13.2 Rest of Asia-Pacific New Energy Vehicle (NEV) Taxi Market By Range Type
12.4.13.3 Rest of Asia-Pacific New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East New Energy Vehicle (NEV) Taxi Market by Country
12.5.2.2 Middle East New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.2.3 Middle East New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.2.4 Middle East New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5.2.5 UAE
12.5.2.5.1 UAE New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.2.5.2 UAE New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.2.5.3 UAE New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5.2.6 Egypt
12.5.2.6.1 Egypt New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.2.6.2 Egypt New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.2.6.3 Egypt New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.2.7.2 Saudi Arabia New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.2.7.3 Saudi Arabia New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5.2.8 Qatar
12.5.2.8.1 Qatar New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.2.8.2 Qatar New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.2.8.3 Qatar New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.2.9.2 Rest of Middle East New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.2.9.3 Rest of Middle East New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5.3 Africa
12.5.3.1 Africa New Energy Vehicle (NEV) Taxi Market by Country
12.5.3.2 Africa New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.3.3 Africa New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.3.4 Africa New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.3.5.2 Nigeria New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.3.5.3 Nigeria New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5.3.6 South Africa
12.5.3.6.1 South Africa New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.3.6.2 South Africa New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.3.6.3 South Africa New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.5.3.7.2 Rest of Africa New Energy Vehicle (NEV) Taxi Market By Range Type
12.5.3.7.3 Rest of Africa New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America New Energy Vehicle (NEV) Taxi Market by country
12.6.3 Latin America New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.6.4 Latin America New Energy Vehicle (NEV) Taxi Market By Range Type
12.6.5 Latin America New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.6.6 Brazil
12.6.6.1 Brazil New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.6.6.2 Brazil New Energy Vehicle (NEV) Taxi Market By Range Type
12.6.6.3 Brazil New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.6.7 Argentina
12.6.7.1 Argentina New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.6.7.2 Argentina New Energy Vehicle (NEV) Taxi Market By Range Type
12.6.7.3 Argentina New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.6.8 Colombia
12.6.8.1 Colombia New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.6.8.2 Colombia New Energy Vehicle (NEV) Taxi Market By Range Type
12.6.8.3 Colombia New Energy Vehicle (NEV) Taxi Market By Vehicle Class
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America New Energy Vehicle (NEV) Taxi Market By Vehicle Type
12.6.9.2 Rest of Latin America New Energy Vehicle (NEV) Taxi Market By Range Type
12.6.9.3 Rest of Latin America New Energy Vehicle (NEV) Taxi Market By Vehicle Class
13. Company Profiles
13.1 Tesla, Inc
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Toyota Motor Corporation
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 BYD Company
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Jianghuai Automobile Co Ltd
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Changan Automobile Co. Ltd
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Industry Holding Co. Ltd
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Daimler AG
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Nissan Motor Corporation
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Beijing Automotive
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Anhui
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
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We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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