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Thailand Car Mobility-as-a-Service Market is growing

Focus on younger population, parking facilities and online car rental booking services are major factor contributing towards development of Car Mobility-as-a-Service Market in Thailand

Introduction of EVs and Rising Car prices: Another key growing factor luring customers to use their services more frequently is the presence of EVs in the fleets of vehicle rental firms. Customers prefer renting or leasing EVs rather than owning them in order to take advantage of the most recent advancements because EV technology is characterized by quick iterations and is more expensive. Furthermore, rising auto prices are encouraging consumers to switch from owning automobiles to using shared mobility services as their preferred mode of transportation. A variety of factors, such as tax benefits and a drop in administrative expenses, are causing businesses to gradually move away from owning assets and into operating leases.