<ul><li>The rising cost of rideshare services may lead to lower demand, according to a report by Gridwise.</li><li>The median price for rideshare services rose 7.2% in 2024, reflecting inflationary pressures, adjustments in fares, and higher operational costs.</li><li>72% of surveyed consumers said they would reduce or stop their use of rideshare services if prices increased further.</li><li>Lower fares are crucial for retaining rideshare users, with about 56% of consumers highlighting it as a factor for loyalty.</li></ul>

Report: Rising Cost of Rideshare Services May Cause Lower Demand

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