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Cost-effectiveness of EVs Drives the Growth of the Global Electric Taxi Market Finds TechNavio - USA, China, Japan are the leading countries in the Global Electric Taxi Market - TechNavio.com
Cost-effectiveness of EVs Drives the Growth of the Global Electric Taxi Market Finds TechNavio

 

PRZOOM - /newswire/ - London, United Kingdom, 2014/02/13 - USA, China, Japan are the leading countries in the Global Electric Taxi Market - TechNavio.com.

   
 
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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 (technavio.com) 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.

 
 
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Agency / Source: TechNavio / Infiniti Research Ltd

 
 

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Cost-effectiveness of EVs Drives the Growth of the Global Electric Taxi Market Finds TechNavio

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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TechNavio / Infiniti Research Ltd securities in any jurisdiction including any other companies listed or named in this release.

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