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Over the past few years, the car rental industry has been growing at a faster pace across the globe.
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The increase in pollution rate and the need to bring back a greener environment has made way for electric vehicles. In fact, the global electric vehicle market which was valued $118,864.
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The ride-hailing industry has always been flexible enough to imbibe the changing market demands and has come up with alternatives to address the same.
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The ride-hailing industry is always subject to change based on the dynamic market demands. Surpassing taxis and carpooling, bike taxis have made it up to the limelight now.
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Traditional currencies are gradually being replaced by their digital counterparts with the growth of the cashless economy.
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The ride-hailing taxi industry has a much wider scope for growth especially with the increase in the need for easy access to daily transit. In fact, the global ride-hailing market valued $36,450.
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Despite the increasing need for private transit, driver ride cancellation is considered as one of the major issues that hinder the growth of the ride-hailing segment.