Study On Global NEV Taxi Market

Date9/23/2020 7:40:01 AM

Knowledge Sourcing Intelligence announces the publication of a new report on “Global NEV Taxi Market - Forecasts from 2020 to 2025" to their offering.NEV taxis are new energy vehicles, which are
partially or fully powered by electricity, such as Battery Electric Vehicles (BEVs) and Plug-In Hybrids (PHEVs). The Chinese government began implementation of its NEV program in 2009 to foster the
development and introduction of new energy vehicles. Presently, the major global issue is depleting fossil fuel resources, finding alternatives for it has led to inclination toward green movement and
green mobility. This is the key factor for the increase in demand and growth of New Energy Vehicle Taxi Market, as it produces less pollution and requires low maintenance with low cost than other
conventional petrol and diesel taxi. It offers less noisy, smooth, and cost-effective ride. Due to these reasons it has been adopted and promoted by governments of various countries, by providing tax
incentives and subsidies are the purchase of New Energy Vehicles (NEVs).

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