Hybrid Taxi Market Set to Surpass USD 31.6 Billion by 2032
The global Hybrid Taxi market is experiencing robust growth, fueled by rising urbanization, stricter emission regulations, and the push for cost-efficient urban mobility solutions. Valued at USD 15.2 billion in 2024, the market is projected to reach USD 31.6 billion by 2032, expanding at a CAGR of 9.3% during the forecast period. Hybrid taxis, offering a balance between conventional fuel and electric power, are becoming increasingly popular across metropolitan cities where sustainability and cost efficiency are paramount.
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