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Transparency Market Research
NEV Taxi Market - China Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020
Published Date 2014-07-07
96 Page Report
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Press Release
China New Energy Vehicle (NEV) Taxi Market to Reach USD 560.5 Million by 2020
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NEV Taxi Market
REPORT DESCRIPTION
NEV Taxi Market - China Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020
The New Energy Vehicle (NEV) taxi market in China is majorly dominated by pure electric vehicles (BEVs). These vehicles use alternative electrification technology and thus, offer zero emission capabilities. The development of NEV taxis in China is attributed to the government’s effort to curb pollution and reduce China’s dependence on foreign oil imports. Further, the government offers high subsidies on the purchase of new energy vehicles in China and has started NEV taxi fleets in various cities including Beijing, Shanghai and Shenzhen among others. The increasing demand for long range NEV taxis has prompted the manufacturers to make improvements in battery technology and extend the range of new energy vehicles. Rising adoption of new technologies such as battery swapping and vehicle-to-grid technologies offer potential opportunities to the market in the coming years. In the report, the segmentations are covered based on owner type and taxi range of NEV taxis. It also includes drivers, restraints and opportunities (DROs) along with Porter’s five forces analysis and value chain of the China NEV taxi market. The study highlights the current market trends and provides forecast from 2014 to 2020. The market size of 2011, 2012, 2013 and forecast until 2020 have been provided in the report.
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