Transformative Growth Opportunity #1
While only 600 passenger trips are made by private cars in a year globally, a shared vehicle makes as much as 5,000 trips a year. In fact, one shared mobility vehicle has the potential to replace an average of nine cars from the road. Increased utilization of the vehicle fleet improves efficiency in transport systems, especially in the densely populated urban landscapes. New mobility solutions address the Last Mile connectivity issues in areas where public transport is sparse and disjointed, making the need for personal vehicle use redundant.
Cities that support uptake of new mobility solutions through designated parking spaces, access to priority lanes, or financial subsidies for operators are witnessing rapid expansion and penetration of new mobility fleet.
The Smart New Mobility Solutions Index evaluates how successful cities have been in their engagement with new mobility modes- in terms of penetration levels of innovative mobility solutions like bike-sharing, car sharing, ride-hailing/ taxis, demand responsive transportation, smart ticketing and smart parking availability, and mobility-as-a-service pilots. Overarching all these initiatives is the city’s vision toward shared and integrated mobility.