The global Light Duty Vehicles Market size is projected to be USD 922.21 billion by 2025, as per a new report released by Million Insights.

In the recent past, OEMs are increasingly investing in the development of autonomous electric vehicles.

For example, the Indian government is planning for sales of around 6-7 million units of electric vehicles by 2026.

In addition, the use of electric vehicles for commercial transportation is gaining traction in the past years.Request a Sample Copy of Light Duty Vehicles Market Report @ https://www.millioninsights.com/industry-reports/global-light-duty-vehicles-market/request-sampleOnline ridesharing companies such as Uber Technology and Ola Cabs are increasingly deploying shared mobility services.

In addition, the growing use of light-duty vehicles in courier services and micro transit are further bolstering the light duty vehicle market growth.Emerging countries are witnessing significant growth in the e-commerce industry.

Growth in e-commerce industry has resulted in a demand for efficient logistic services, which in turn, has accelerated the adoption of light duty vehicles.

As per the report circulated by the experts the scope of the global Ride Sharing Market was priced at US$ 6.68 billion in 2017.

The sellers that deliver the facilities are recognized as the companies of transport system.

Market Overview: The model of the business is designated by way of these companies consistent with the targeted clienteles of the zone.

The travelers can go anywhere they need to go, conveniently having no necessity to take a private vehicle or to take a ride of taxi or bus.

Furthermore, ride sharing is price operative; because beyond one person share the ride and it is easy to catch a ride over a website or an app.

Due to such profits, the global market for ridesharing is expected to develop considerably during the nearby years.