There is a considerable amount of change anticipated in the upcoming periods for the taxi rental industry with the adoption of new emerging trends. Electric taxis are increasing in usage as an economical green solution due to their lower fuel costs and emissions. While still in the testing stage, autonomous taxis offer driverless convenience and enhanced safety. AI-assisted route optimization offers enhanced efficiency by minimizing travel duration, fuel consumption, and overall costs. The use of blockchain technology enables secure transactions that minimize fraudulent undertakings associated with this sector. All these improvements will redefine taxi cab rentals to be more efficient, eco-friendly, and customer-centric.