Market Share of Mexico Ride Hailing Industry
The market in this region is dominated by ride-hailing giants, such as Uber and Lyft, accounting for the majority of the market share. Agreements between corporations and ride-sharing companies to reduce traffic congestion and control pollution from vehicle emissions have been major driving factors of the market in this region.
• In April 2022, Mexican company Vemo ordered 1,000 electric vehicles from BYD to expand its EV taxi fleet. The vehicle in question is the BYD D1, unveiled in 2020 as an electric minivan exclusively designed for ride-hailing. According to BYD, the Mexican fleet of D1s will be the largest EV taxi fleet outside China.
• In April 2022, Lyft, a ride-hailing service provider, expanded its services in Mexico. The company announced the building of a technology hub for Latin America.
• In February 2022, Mexican electric car provider VEMO and U.S. car-hailing platform Uber (UBER.UL) announced an alliance to boost the number of electric vehicles in the platform's Mexico City fleet during 2022.
Mexico Ride Hailing Market Leaders
Uber Technologies Inc.
BEAT
BlaBlaCar
Cabify Spain SLU
Didi Chuxing Technology Co.
*Disclaimer: Major Players sorted in no particular order
