Shared mobility

Shared mobility – the shared use of a vehicle, bicycle, or other mode – is an innovative transportation strategy that enables users to gain short-term access to transportation modes on an “as-needed” basis. The term shared mobility includes various forms of carsharing, bikesharing, ridesharing (carpooling and vanpooling), and on-demand ride services.

It can also include alternative transit services, such as paratransit, shuttles, and private transit services, called microtransit, which can supplement fixed-route bus and rail services. With many new options for mobility emerging, so have the smartphone “apps” that aggregate these options and optimize routes for travelers. In addition to innovative travel modes, new ways of transporting and delivering goods have emerged.

These “courier network services” have the potential to change the nature of the package and food delivery industry. Shared mobility has had a transformative impact on many global cities by enhancing transportation accessibility, while simultaneously reducing driving and personal vehicle ownership, writes http://innovativemobility.org.

India is expected to be a leader in shared mobility by 2030 as rising share of electric and autonomous vehicles will improve shared mile economics, says a Morgan Stanley report.  According to the global financial services major, India offers all the right ingredients to be one of the largest shared mobility markets in the world as it has large population clusters, a young demographic that is well connected to the internet and rising real incomes.

By 2030, Morgan Stanley expects shared miles to reach 35 per cent of all the miles travelled in India and this will further increase to 50 per cent by 2040.  India had 257 billion miles driven in 2017, and of that, 10 per cent were shared (includes traditional taxis and app-based plays), based on Morgan Stanley estimates. 

Although there likely will be fewer new vehicles on the road because of sharing, car sales in developing countries will outpace shared mobility’s impact over the next 15 years. Still, through 2030, roughly a third of the expected increase in vehicle sales from urbanization and macroeconomic growth likely will not happen because of shared mobility, forecasts Mckinsey.com.