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Ride share and Ride-hailing Boost Global Purpose-built Vehicle Demand
"Conventional business models have multiple stages before vehicles reach consumers, resulting in end customers receiving incorrect, inaccurate, or incomplete information," said . "The PBV market, on the other hand, offers optimization feasibility and enables customers to co-create vehicles with OEMs according to their requirements."
Parthasarathi added: "The rise in the adoption of electric vehicles (EVs) drives shared service providers and OEMs to develop electric-driven PBVs. Further, the modular EV skateboard and electrical/electronic architectures followed by many PBV makers will enable new technological developments in vehicle design."
Customers' increasing preference for PBVs presents growth prospects for market participants in different areas, including:
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Sol Curet
Corporate Communications
E: sol.curet@frost.com
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