Shared Mobility Market - Trending in Smart Cities with IOT
The automotive industry is witnessing a trend of connected, electrified, and shared mobility, which is attributed to the increased consumer awareness about global warming due to vehicular emission, increased government emphasis over alternative modes of transportation, and OEMs' shift toward advance mobility solutions. The cost of using shared mobility is much lower than that of owning a vehicle and hence, a large number of consumers and passengers are preferring shared mobility solutions instead of investing in owning a new vehicle.
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