Shared mobility leads to better fleet utilization—allowing more passengers and goods to travel in the same vehicle/vehicle kilometer travelled . By increasing occupancy of passenger vehicles, India has the potential to reduce vehicle kilometer demand by nearly 35%, accounting to 2000 billion kilometers in 203513.
Read moreWhat is the future of mobility?
The future of mobility being fuelled by three key technology-driven disruptive trends: electrification of vehicles, connected & autonomous vehicles and Mobility-as-a-Service .
Read moreWhy the automotive future is electric Mckinsey?
With more than 70 million EVs on the road by 2030, the industry will need to install large numbers of public chargers and provide maintenance operations for them . Renewable electricity production needs to increase by 5 percent to meet EV charging demand.
Read moreHow big is the mobility market?
Revenue in the Shared Mobility segment is projected to reach US$1,079,662m in 2022. Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 12.78%, resulting in a projected market volume of US$1,746,517m by 2026 .
Read moreWhat is mobility sector?
Mobility is the industry of transporting people and goods . In recent times, mobility has expanded in scope and complexity beyond binary paradigms of getting from A to B. This is due to advances in multi-modal transport (e.g., changing vehicles mid-journey) and applications of software (e.g., autonomous driving).
Read moreWhat is Ridesplitting?
Ridesplitting involves splitting both a ride and fare in a vehicle with others traveling in the same general direction . These services allow dynamic matching and route variation in real time as passengers request pickups.
Read moreWhat is mobility Mckinsey?
Mobility Market Model City-level modal mix projections covering ten modes of transport—including private, public, and shared—with details on personal and vehicle miles traveled, light-vehicle sales, production, vehicle parc, and demand for shared modes.
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