Transparency Market Research has published a new report on the China NEV taxi market. As per the report, the China NEV taxi market is predicted to expand at a 36.50% CAGR during the period from 2014 to 2020. The report, titled ‘NEV Taxi Market - China Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,’ states that the China NEV taxi market is predicted to progress to US$560.5 mn by 2020 owing to factors such as the growing adoption of NEV, growing support from the government, and advancements in battery technology. New energy vehicle (NEV) taxis are vehicles that use unconventional fuels as a primary source of power. NEVs may also use conventional fuels with advanced auto propulsion systems. In China, taxis travel around 450 kilometers daily. Considering the distance the taxis travel on a daily basis and the long working hours, the introduction of new energy taxis offers an opportunity to restrict the consumption of fuel and the resultant emission of...