EV Taxi Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The EV Taxi Market Report is Segmented by Type (Hybrid Electric Vehicle, Battery Electric Vehicle, and Plug-In Hybrid Electric Vehicle), Vehicle Type (Four-Wheeler Taxi and Two-Wheeler Taxi), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers Market Sizes and Forecasts for all the Above Segments in Value (USD).

EV Taxi Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

EV Taxi Market Size

EV Taxi Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 37.70 Billion
Market Size (2030) USD 68.10 Billion
CAGR (2025 - 2030) 12.55 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

EV Taxi Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of EV Taxi Market with other markets in Automotive Industry

Automotive Materials & Coatings

Automotive Technology

Vehicles

Automotive Services

Auto Parts

Automotive Equipment

EV Taxi Market Analysis

The EV Taxi Market size is estimated at USD 37.70 billion in 2025, and is expected to reach USD 68.10 billion by 2030, at a CAGR of 12.55% during the forecast period (2025-2030).

Over the long term, owing to the increase in demand for electric vehicles and growing concerns about pollution caused by vehicles and the government spending on infrastructure for electric vehicles, initiatives to boost demand for electric vehicles are expected to encourage fleet owners to shift toward electric-powered vehicles rather than choosing conventional fuel vehicles. However, major players are also indulging in developing charging infrastructure for electric vehicle taxis, which will further boost the market.

However, the electric taxi market faces significant challenges due to the higher initial manufacturing costs compared to traditional internal combustion engine vehicles. This obstacle is particularly pronounced in low-income areas, where affordability is a critical factor in vehicle procurement decisions. Despite the potential long-term cost savings and environmental benefits of electric taxis, the upfront investment presents a barrier to adoption, impeding the transition toward cleaner transportation solutions in these communities.

Furthermore, the electric taxi industry is expected to grow due to increasing demand for ride-hailing and ride-sharing services worldwide and rising demand from online taxi booking channels. An increase in the cost of vehicle ownership compared to other modes of transportation, increasing traffic congestion, and low taxi fares are other major factors driving the electric taxi market.

EV Taxi Industry Overview

The EV taxi market is moderately consolidated, with a few players accounting for most of the market share. Some of the prominent companies in the EV taxi market are Ola Cabs, Uber Technologies Limited, Connexxion, and Blue Smart Mobility. Several players in the market are establishing various business strategies to gain a competitive advantage in the electric taxi market. For instance,

  • In January 2023, Ola Cabs, a leading ride-hailing company, revealed plans to introduce 10,000 electric vehicles into the premium segment. The company was nearing completion of its electrification rollout, which was set to occur in the upcoming weeks. In an official statement, Ola emphasized that its new premium fleet would be serviced by top-rated drivers, ensuring a seamless experience for passengers with guaranteed ride allocation, zero cancellations, and exclusively cashless transactions.
  • In November 2023, MegaCabs, a prominent airport taxi operator, introduced its inaugural fleet of electric vehicles (EVs) in Delhi, offering eco-friendly transportation choices to its clientele. Starting with an initial 100 EVs, the company aims to increase the number of e-cabs to 300 by the conclusion of the current financial year.
  • In May 2022, LEVC (London Electric Vehicle Company) announced a new collaboration with Geotab, the global leader in IoT and connected transportation, to provide cutting-edge fleet management systems on its class-leading electric TX taxi and VN5 van.
  • In June 2022, the Scottish government announced that it would invest more than GBP 30 million to accelerate the transition to zero-emission transportation. Funding was being prioritized to focus on used electric vehicles and the taxi industry to support a just transition to net zero.

EV Taxi Market Leaders

  1. Taxi Electric

  2. Connexxion

  3. eee-Taxi

  4. OLA

  5. Blue Smart Mobility

  6. *Disclaimer: Major Players sorted in no particular order
EV Taxi Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

EV Taxi Market News

  • June 2024: Bangalore International Airport Limited, India, in partnership with Refex eVeelz, introduced electric taxis for passengers. These new electric taxis can be reserved at airport taxi stations in both terminals or via the BLR Pulse Mobile app.
  • January 2024: Xanh SM Laos announced plans to expand its electric taxi service to Savannakhet Province. This marked not only the company's next step in brand development but also its continued commitment to promoting electric vehicles and environmental protection in Laos.
  • June 2023: Uber Technologies announced electric vehicle rides at Mumbai International Airport, India. The Uber Green Taxi is available for passengers traveling to and from the Mumbai airport. The company aims to contribute to reducing carbon emissions and promoting sustainable mobility throughout the city.
  • April 2023: Green and Smart Mobility Joint Stock Company (GSM) launched Vietnam's first pure electric taxi service, called Green SM Taxi. This marked a significant milestone in the Vietnamese taxi industry by introducing smart, eco-friendly transportation free from pollutants and noise.

EV Taxi Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Adoption of Electric Vehicles to Result in a Positive Outlook for the Electric Taxi Market
  • 4.2 Market Restraints
    • 4.2.1 Stringent Transportation Regulatory Hurdles to Restrict Market Growth
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Hybrid Electric Vehicle
    • 5.1.2 Battery Electric Vehicle
    • 5.1.3 Plug-in Hybrid Electric Vehicle
  • 5.2 Vehicle Type
    • 5.2.1 Two-wheeler Taxi
    • 5.2.2 Four-wheeler Taxi

6. Geography

  • 6.1 North America
    • 6.1.1 United States
    • 6.1.2 Canada
    • 6.1.3 Rest of North America
  • 6.2 Europe
    • 6.2.1 Germany
    • 6.2.2 United Kingdom
    • 6.2.3 France
    • 6.2.4 Italy
    • 6.2.5 Rest of Europe
  • 6.3 Asia-Pacific
    • 6.3.1 China
    • 6.3.2 India
    • 6.3.3 Japan
    • 6.3.4 South Korea
    • 6.3.5 Rest of Asia-Pacific
  • 6.4 South America
    • 6.4.1 Brazil
    • 6.4.2 Argentina
    • 6.4.3 Rest of South America
  • 6.5 Middle East and Africa
    • 6.5.1 Saudi Arabia
    • 6.5.2 United Arab Emirates
    • 6.5.3 South Africa
    • 6.5.4 Rest of Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Vendor Market Share
  • 7.2 Company Profiles
    • 7.2.1 Taxi Electric
    • 7.2.2 Connexxion
    • 7.2.3 eee-Taxi
    • 7.2.4 ANI Technologies Pvt. Ltd (Ola Cabs)
    • 7.2.5 Blu Smart Mobility
    • 7.2.6 CAB-EEZ Infra Tech Pvt. Limited
    • 7.2.7 GREL Cabs
    • 7.2.8 Electric Cab North America
    • 7.2.9 GoGreen Cabs
    • 7.2.10 Phoenix Taxis
    • 7.2.11 Uber technologies Inc.
    • 7.2.12 Say Taxi
    • 7.2.13 GSM Green and Smart Mobility Joint Stock Company
    • 7.2.14 Prakriti
  • *List Not Exhaustive

8. MARKET OPPORTUNITIES AND FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

EV Taxi Industry Segmentation

An electric vehicle taxi refers to a taxi or ride-sharing vehicle powered by an electric motor and battery rather than traditional internal combustion engines fueled by gasoline or diesel. EV taxis offer a sustainable and environmentally friendly transportation option, emitting zero tailpipe emissions during operation.

The EV taxi market is segmented by type, vehicle type, and geography. By type, the market is segmented into hybrid electric vehicles, battery electric vehicles, and plug-in hybrid electric vehicles. By vehicle type, the market is segmented into four-wheelers and two-wheelers. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers the market sizes and forecasts for all the above segments in value (USD).

Type Hybrid Electric Vehicle
Battery Electric Vehicle
Plug-in Hybrid Electric Vehicle
Vehicle Type Two-wheeler Taxi
Four-wheeler Taxi
Need A Different Region or Segment?
Customize Now

EV Taxi Market Research Faqs

How big is the EV Taxi Market?

The EV Taxi Market size is expected to reach USD 37.70 billion in 2025 and grow at a CAGR of 12.55% to reach USD 68.10 billion by 2030.

What is the current EV Taxi Market size?

In 2025, the EV Taxi Market size is expected to reach USD 37.70 billion.

Who are the key players in EV Taxi Market?

Taxi Electric, Connexxion, eee-Taxi, OLA and Blue Smart Mobility are the major companies operating in the EV Taxi Market.

Which is the fastest growing region in EV Taxi Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in EV Taxi Market?

In 2025, the Asia Pacific accounts for the largest market share in EV Taxi Market.

What years does this EV Taxi Market cover, and what was the market size in 2024?

In 2024, the EV Taxi Market size was estimated at USD 32.97 billion. The report covers the EV Taxi Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the EV Taxi Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

EV Taxi Industry Report

The global electric vehicle (EV) taxi market is experiencing significant growth, driven by the rising demand for EVs and increased environmental consciousness. The market is segmented by propulsion into battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs), with BEVs leading due to their lower maintenance costs. Additionally, the market categorizes taxis into two, three, and four-wheelers, with four-wheelers expected to see notable growth.

The Asia-Pacific region dominates the new energy vehicle taxi market size, primarily due to high EV adoption rates and the presence of major manufacturers. North America also shows promising growth, propelled by key players and supportive government policies. Strategic partnerships and acquisitions are enhancing the market's expansion, providing ample investment opportunities in the electric vehicle taxi sector.

Industry analysis indicates that the market is set for substantial growth, with industry forecasts predicting continued expansion. The market analysis reveals that market leaders are capitalizing on the economic advantages of electrification in the taxi industry. The market overview highlights the importance of market segmentation and market trends in understanding the market's dynamics.

Market research shows that the industry outlook is positive, with market growth driven by environmental and economic factors. The industry reports provide detailed insights into market size and market share, while industry research underscores the significance of market data and market value in shaping industry trends.

In conclusion, the report provides a comprehensive analysis of the new energy vehicle taxi market, including market predictions, market review, and industry statistics. The report example and report PDF offer valuable industry information and market outlook, making it a crucial resource for research companies and stakeholders in the EV taxi market.

EV Taxi Market Report Snapshots