Global Electric Taxi Market to Grow at 33.98% CAGR by 2018 Forecasts a New Research Report at Sandlerresearch.org

Dallas, Texas (PRWEB) February 14, 2014

The high demand for low-cost electric taxis, primarily in emerging countries, is a major trend being witnessed in the Global Electric Taxi market. Some of the major countries witnessing a strong demand for electric taxis are China, the Philippines, and India. These countries are witnessing growing demand for micro electric taxis, which come in the form of e-rickshaws in India or e-trikes in Philippines. These electric taxis cost much less than pure-electric taxis, making them a more viable option for many buyers. However, these low-cost electric taxis usually do not undergo crash testing and high-cost design improvements. Nevertheless, these factors make them a more affordable option for many consumers.

Analysts forecast the Global Electric Taxi market (http://www.sandlerresearch.org/global-electric-taxi-market-2014-2018.html) to grow at a CAGR of 33.98 percent over the period 2013-2018. According to the report, the main factor driving the Global Electric Taxi market is the cost-effectiveness of EVs. The EVs currently being used as taxis are pure-electric taxis that do not require any gasoline. After charging, the vehicle's battery can run on the same electric charge for about 80 miles, thus helping users save on running costs on each trip. For example, a Chevrolet Volt can cover over 80 miles per charge while the Tesla S can cover more than 280 miles. Fuel costs are surging, so using an electric car as a taxi can be highly beneficial, especially on short journeys.

Further, the report states that the main challenge faced by the Global Electric Taxi market is the limited range of travel that they offer. Most EVs that are affordable for consumers have a limited range of only 80-100 miles per charge and they also need a few hours to charge completely. Hence, when the vehicle runs out of charge, it cannot be used for a few hours leading to a loss in profits for taxi-owners. Also, these vehicles cannot be driven when they are being charged, which is a major drawback for taxi drivers.

The report recognizes the following companies as the key players in Global Electric Taxi Market: BYD Motor Corp., Chery Automobile Co. Ltd. , Nissan Motor Co. Ltd., SAIC Motor Corp. Ltd., and Tesla Motors Inc.

Other vendors mentioned in the report are BMW AG, Fiat Group, General Motors Co., Honda Motor Co. Ltd., Mitsubishi Motor Corp., Toyota Motor Corp., and Volkswagen Group.

Purchase Report at http://www.sandlerresearch.org/purchase?rname=13863.

Key questions answered in this report:

•     What will the market size be in 2018 and what will the growth rate be?
•     What are the key market trends?
•     What is driving this market?
•     What are the challenges to market growth?
•     Who are the key vendors in this market space?
•     What are the market opportunities and threats faced by the key vendors?
•     What are the strengths and weaknesses of the key vendors?

Table Of Contents
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market Overview
03.2 Product Offerings
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Introduction
06. Market Landscape
06.1 Market Overview
06.2 Global Electric Taxi market
06.2.1 Market Size and Forecast by Revenue
06.2.2 Market Size and Forecast by Volume
06.3 Five Forces Analysis
07. Geographical Segmentation
08. Key Leading Countries
08.1 USA
08.2 Japan
08.3 China
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Trends and their Impact
16. Vendor Landscape
16.1 Competitive Scenario
16.1.1 Organized Sector
16.1.2 Unorganized Sector
16.1.3 Key News
16.1.4 Other Leading Vendors
17. Key Vendor Analysis
17.1 BYD Motor Corp.
17.1.1 Business Overview
17.1.2 Key Information
17.1.3 Business Segmentation
17.1.4 SWOT Analysis
17.2 Chery Automobile Co. Ltd.
17.2.1 Business Overview
17.2.2 Key Information
17.2.3 Business Segmentation
17.2.4 SWOT Analysis
17.3 Nissan Motor Co. Ltd.
17.3.1 Business Overview
17.3.2 Key Information
17.3.3 Business Segmentation
17.3.4 SWOT Analysis
17.4 SAIC Motor Corp. Ltd.
17.4.1 Business Overview
17.4.2 Key Information
17.4.3 Business Segmentation
17.4.4 SWOT Analysis
17.5 Tesla Motors
17.5.1 Business Overview
17.5.2 Key Information
17.5.3 SWOT Analysis
18. Other Reports in this Series

List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Electric Taxi Market 2013-2018 (US$ billion)
Exhibit 3: Global Electric Taxi Market 2013-2018 (thousand units)
Exhibit 4: Global Electric Taxi Market by Geographical Segmentation 2013
Exhibit 5: Electric Taxi Manufacturers by Segments
Exhibit 6: Business Segmentation of BYD Motor Corp.
Exhibit 7: Business Segmentation of Chery Automobile Co. Ltd.
Exhibit 8: Business Segmentation of Nissan Motor Co. Ltd.
Exhibit 9: Business Segmentation of SAIC Motor Corp.

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