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 $118,864.5 million in 2017 is projected to hit $567,299.8 million by 2025 with a CAGR of 22.3%. Given the scope for electric vehicles, there is a significant rise in EV sales and China tops at the same. Why electric vehicles are trending As electric vehicles do not run on fuel, they can cut short up to 65% of fleet expenses. Given the frequent hike in fuel prices, electric vehicles are a good alternative for their fuel-based counterparts. Besides, it is easy to maintain electric vehicles as the electric motor comprises fewer parts than a conventional combustion engine. With such benefits, electric vehicles hold a greater scope for the ride-hailing industry. Boosting ride-hailing businesses with EV As today’s commuters prefer to stay eco-friendly, offering mobility services via electric vehicles can be a good