A recent report from consulting firm Arthur D. Little highlights a trend where wealthy individuals in urban areas are increasingly abandoning their cars, even as the global demand for car usage remains high, posing challenges for the automotive industry, according to Euronews.
The study surveyed 16,000 drivers across 25 countries, revealing a widespread reluctance among consumers to part with their vehicles, particularly among low-income groups and residents of rural areas with limited public transportation options....
