Sunday, May 28, 2023
  • Login
CEO North America
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
  • Home
  • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
    • Environment
  • Opinion
  • News
  • Multimedia
No Result
View All Result
CEO North America
No Result
View All Result

The future of urban mobility

in Innovation
- the future of urban mobility
Share on LinkedinShare on WhatsApp

Will the coming mobility revolution make urban traffic congestion better or worse? McKinsey investigates. 

The age of modern transit began in 1863 when the first underground train began rolling in central London. The line was short and smoky, and nothing like it had ever been seen before. But it worked, and cities around the world began to follow London’s lead. Over time, city authorities came to see providing transportation as one of their core responsibilities; governments often owned and ran transit systems themselves.

Despite their best efforts, however, traffic is getting worse in many cities, and urban mobility has become increasingly complex. Between 2010 and 2016, congestion in London rose by 14%, in Los Angeles by 36%, in New York by 30%, and in Beijing and Paris by 9%.

Congestion carries health consequences, in the form of accidents and air pollution. Demographic trends — more people living in urban areas—will exacerbate the strain, which today isn’t solely about the movement of people. E-commerce is also growing fast, adding to the demand for urban commercial transport.

The technological changes associated with mobility’s “second great inflection point” create myriad opportunities for cities to address these challenges. As ride-sharing platforms grow, digital vehicle connectivity deepens, electric vehicles (EVs) become mainstream, and autonomous vehicles (AVs) take hold (see “The trends transforming mobility’s future,” forthcoming on McKinsey.com), it’s possible to envision a future of “seamless mobility.”

In such an environment, the boundaries among private, shared, and public transport would be blurred, and travelers would have a variety of clean, cheap, and flexible ways to get from point A to point B. McKinsey’s analysis suggests that seamless mobility could be cleaner, more convenient, and more efficient than the status quo, accommodating up to 30% more traffic while cutting travel time by 10%.

For now, however, today’s reality is far from seamless. Vehicles that are fully autonomous do not yet exist in meaningful numbers, EVs still make up only a small percentage of the global vehicle fleet, and traditional internal-combustion-engine (ICE) cars represent about 40% of passenger-kilometers—often more than rail and bus services combined.

Starting from this baseline, urban-mobility systems in dense, developed cities, such as London, New York, and Seoul, could evolve in a variety of ways over the next dozen years.

Scenario 1: Business-as-usual urbanization

Imagine a world in which population growth continued, but large cities managed their transport systems largely as they do today, with little innovation in pricing or policy.

Transport demand would increase in line with population growth (about 15% by 2030), and greenhouse gas (GHG) emissions would rise proportionally. City dwellers would travel in mostly the same ways as they do now, and private cars would continue to account for about 35% of passenger-kilometers. Average travel times would increase by 15% because capacity would be strained. In the United States, without substantial change, this is the likely scenario: few cities, even the largest, have comprehensive plans that take into consideration new and forthcoming technologies.

Scenario 2: Unconstrained autonomy

What if autonomous transportation options follow in the footsteps of bike-sharing programs and e-hailing, which hit the road faster than the regulatory policies needed to guide them did?

It’s certainly plausible. By 2030, shared AVs—or robo-taxis—could navigate to, from, and within a central business district. McKinsey’s analysis suggests that, by that point, they could become an attractive alternative to private vehicle ownership, with the cost per mile of riding in a robo-taxi running about the same as the cost of owning a moderately priced private vehicle, and that travelers could adopt them for individual or shared use for about 35% of their travel by 2030.

Scenario 3: Seamless mobility

Now for a third possibility: What if cities encourage the use of shared AVs through regulation and incentives? That would make it possible for residents to “mix and match” rail transit and low-cost, point-to-point autonomous travel in robo-taxis, autonomous shuttles, and autonomous buses easily.

McKinsey’s analysis suggests that pooled AV shuttles could grab 25% of the market (twice as much as in the unconstrained autonomy scenario), and private cars and privately used robo-taxis could provide about 30% of passenger-kilometers in 2030, compared with 35% for private cars today.

Tags: Autonomous vehiclesCEOCEO North AmericaCEO NorthamMainstreamMarketMobilityTransportationurban mobilityUrbanization

Related Posts

Trust, risk, and opportunity: overseeing a comprehensive data and privacy strategy
Business

Hackers are finding ways to evade newest cybersecurity tools

Cisco warns ai software could make phishing attacks harder to fend off
Business

OpenAI unveils new privacy options for ChatGPT

Global tech spend will slow to 4. 7% in 2023
Business

Global Tech Spend Will Slow To 4.7% In 2023

What’s hot this year in supply chain technology
Business

What’s hot this year in supply chain technology

Business benefits of a customer self-service strategy
Business

Business benefits of a customer self-service strategy

When retail buyers panic, a. I. Keeps calm
Business

When Retail Buyers Panic, A.I. Keeps Calm

A simpler path to better computer vision
Business

A Simpler Path to Better Computer Vision

Trust, risk, and opportunity: overseeing a comprehensive data and privacy strategy
Innovation

Trust, Risk, and Opportunity: Overseeing a Comprehensive Data and Privacy Strategy

Engineers solve a mystery on the path to smaller, lighter batteries
Innovation

Engineers Solve a Mystery on the Path to Smaller, Lighter Batteries

Adopting an ecosystem-first mindset in software
Business

Adopting an Ecosystem-First Mindset in Software

No Result
View All Result

Recent Posts

  • US debt-ceiling deadline extended to June 5
  • US regulators eye AI to protect consumers, workers
  • Office REITs hit lowest level since 2009 amid remote work, tighter budgets
  • Nvidia nears entry to $1-trillion club amid AI frenzy
  • Canada, Saudi Arabia restore diplomatic and trade ties

Recent Comments

    Archives

    Categories

    • Art & Culture
    • Business
    • CEO Interviews
    • CEO Life
    • Editor´s Choice
    • Entrepreneur
    • Environment
    • Food
    • Health
    • Highlights
    • Industry
    • Innovation
    • Issues
    • Management & Leadership
    • Multimedia
    • News
    • Opinion
    • PrimeZone
    • Printed Version
    • Travel
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials – stuart.james@ceo-na.com

    Advertising – media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

     

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    • CONTACT
    • GENERAL ENQUIRIES
    • ADVERTISING
    • MEDIA KIT
    • DIRECTORY
    • TERMS AND CONDITIONS

    Editorials –
    stuart.james@ceo-na.com

    Editor-In-Chief –

    caroline.sposto@ceo-na.com

    Editorials – editorials@ceo-na.com

    Advertising –
    media@ceo-na.com

    NEW YORK

    110 Wall St.,
    3rd Floor
    New York, NY.
    10005
    USA
    +1 212 432 5800

    MEXICO CITY

    Paseo de la Reforma 296,
    Floor 38
    Mexico City
    06600
    MEXICO

    CEO North America © 2022 - Sitemap

    No Result
    View All Result
    • Home
    • Business
      • Entrepreneur
      • Industry
      • Innovation
      • Management & Leadership
    • CEO Interviews
    • CEO Life
      • Art & Culture
      • Food
      • Health
      • Travel
      • Environment
    • Opinion
    • News
    • Multimedia

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In