Today, the world is heading towards a new era of automation where everything will be connected and perform autonomously. The world economy is already becoming digital with innovation in new-age technologies. The cities around the globe are rapidly getting smarter with the advancements in innovative building techniques, by leveraging green tech, shifting to the circular economy and more. However, the constantly increasing number of vehicles worldwide are causing a great deal of economic damage and on a personal level, which is a great loss of time.
In the United States, the annual cost estimation of traffic congestion has surpassed US$100 billion and predicted to reach US$180 billion by 2030. To ease this congestion, most companies last year demonstrated the future of mobility with disruptive dimensions, including connectivity, autonomous driving, electrification and shared mobility.
Looking at electric vehicles (EV) sales, the market saw tremendous growth with the share grew to 1.8 percent in March 2019 from 1.6 percent in March 2018. Major market players showcased fully autonomous cars, setting new milestones in self-driving vehicles. The continued investments across the automotive industry could see the overriding CASE (connected, autonomous, shared and electric) megatrends.
With this, vehicles will be more accessible to more people, and transportation will be more efficient and less expensive. Traveling from one to another place will be more convenient and involve fewer payment points, even when utilizing several different modes of transport for a single trip.
New Era of Mobility
The future of mobility will strive towards environment-friendly, integrated, automated and personalized travel on demand. Currently, there are multiple modes of transport available in cities globally, including private cars, taxis, buses, and trains. However, rising demand for transport has led to issues like traffic congestion, which has become a significant challenge for city leaders, automakers and policymakers. Also, as urbanization is increasing at an unprecedented rate, the demand for better mobility will multiply substantially.
Thus, to ease this challenge, the world will see a substantial shift from vehicle ownership to shared usage in the coming years, along with the spread of connected cars and autonomous driving vehicles.
Connected, EVs and Autonomous Vehicles
The automotive industry is changing at a breakneck pace with CASE technologies. The technologies currently available are only a fraction of what is being developed for the future. If there is any feasible solution to have an intelligent real-time traffic system, it is connected to self-driving cars, delivering efficient and real-time traffic management and have the ability to radically minimize traffic congestion.
By leveraging this, human errors can also be abridged as autonomous cars make fewer mistakes than humans do. This can also be helpful in reducing the emission problem. The future of mobility with connected autonomous cars can provide boundless possibilities for senior citizens and physically disabled people.
Electric vehicles are another future mobility trend, which can reduce greenhouse gas emissions and improve air quality in many cities across the world. Moreover, connected cars, with smart and audio-enabled devices in addition to mobile internet connections everywhere, are swiftly garnering popularity as an exhilarating touchpoint of the Internet world.
The Future of Mobility is Smarter
Mobility is a significant economic factor, having its own right and providing the goods and services that are the foundation of economic life. Considering the report, a small number of cities these days, like Amsterdam, Singapore, and Stockholm, are singled out as having effective mobility. With diverse degrees of emphasis, the cities have effective public transit, encouraging cycling and walking, and have managed to restrain congestion and pollution.
It is said that the way people move around is unlikely to see a drastic change by 2050. Many auto manufacturers have poured billions of dollars to the electrification of vehicles that may finally reach completion with the anticipated launch of several mass-market EV platforms in 2020.