Shared mobility —both electrified and connected–is changing the automotive sector. This can be attributed to rise in consumer awareness related to global warming owing to vehicular emission; rising government emphasis on several mode of transportation; and OEM’S shift towards advance mobility solutions. The shared mobility model for automobile use is often lower for users, when compared to owing a new vehicles, therefore large number of consumers are choosing shared mobility brands instead of owning one or multiple vehicles.
The increase in number of commuter heading towards working place and rising burden on public transportation and rising facilities owing to rapid urbanization, along with lack of proper public connectivity, is further fueling shared mobility concept across the globe. The increasing adoption of smartphone based internet connectivity owing to rise in usage of smartphones, easy operation of app, introduction of advanced internet connectivity, along with introduction of local and worldwide service providers, and lower service charge are some of the factors supporting growth.
Introduction of Shared Mobility to Choosing Right Vehicle Segment to Boost EV Growth in India
Other trends such as increasing working class population and rise in per capita income, increasing tendency to travel to work, along with travel for work and holiday, is supporting growth of this market in the near future. Growing requirement of smaller space, higher efficiency of fuel couple with lower expense of fuel are some of the trend positively bolstering growth of shared mobility market.
Rise in per capita income of individuals along with willingness to share their vehicle, work in combination with tax exemptions in the developing countries for passenger’s vehicle, and growing acceptance of sharing a ride versus owning a car indicate overall positive growth to come.
Today, thousands of commuters regular book a cab or ride share through their mobile phones. Since Uber’s inauguration in March 2009, the transportation network company Uber has expanded their outreach to 65 countries and close to 600 cities, and concludes 15 million trips on regular basis. Mobility as a whole, as evidenced by Uber’s shared ride experience, might help reduce pollution and traffic congestion caused by one-person, one-vehicle transportation.
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