How big is the EV Taxi Market?

The EV Taxi Market size is expected to reach USD 33.5 billion in 2024 and grow at a CAGR of 12.55% to reach USD 68.10 billion by 2029. Read More

What is the current EV Taxi Market size?

In 2024, the EV Taxi Market size is expected to reach USD 33.5 billion. Read More

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. Read More

Which is the fastest growing region in EV Taxi Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in EV Taxi Market?

In 2024, the Asia Pacific accounts for the largest market share in EV Taxi Market. Read More

What years does this EV Taxi Market cover, and what was the market size in 2023?

In 2023, the EV Taxi Market size was estimated at USD 29.30 billion. The report covers the EV Taxi Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the EV Taxi Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What is the future outlook of the EV Taxi Market?

The EV Taxi Market is expected to grow exponentially, and it is driven by a) Ongoing technological advancements b) Decreasing battery costs c) Increasing environmental awareness Read More

What are the key challenges faced by the EV Taxi Market Face Market?

Key challenges faced by the Electric Vehicle Taxi Market include a) High initial investment costs b) Limited charging infrastructure c) Range anxiety among potential users Read More

EV Taxi Market Share

Statistics for the 2023 & 2024 EV Taxi market share, created by Mordor Intelligence™ Industry Reports. EV Taxi share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of EV Taxi Industry

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.