Recommended

Transport Innovation Summit 2022 | Secure your place now for our first in-person event since 2019!
Editor’s Pick: Securing a brighter, safer and more sustainable future for the UK’s micro-mobility sector
Read now: Bridging transit gaps in Nashville with public transit and micro-mobility integration
Listen now: Intelligent Transport Podcast Episode 16 – Douglas Spears, Modaxo
Read now: Pharmaserv and Liftango team up to solve parking issues in Marburg
New webinar: How to improve public transport with better vehicle connectivity | 28 June 15:00 BST
Out now: Intelligent Transport Issue 1 2022
article

Ride-hailing platforms will lead the global EV transition

Posted: 20 January 2021 | | No comments yet

Jasmeet Khurana, REmobility Project Manager at the World Business Council for Sustainable Development (WBCSD), explains why ride-hailing is the perfect market in which to prove the environmental and economic benefits that electric vehicles can provide.

ride-hailing EV charging

App-based ride-hailing comes in all forms and sizes; you can ask for a luxury vehicle to pick you up as you leave your London office, call a two- or three‑wheeler to your housing complex in New Delhi or Jakarta, or use a dedicated app to order safe rides for your children in California. On‑demand rides are just a screen touch away in cities across the world.

In recent months, the ride-hailing market has suffered a significant decline, mainly due to the consequences of COVID-19. The global ride-hailing market is expected to decline from $60.5 billion in 2019 to $52.07 billion in 2020 at a compound annual growth rate (CAGR) of -14 per cent. Despite, the COVID-19 induced setback, the market is expected to recover swiftly and reach $85.5 billion in 2023 at a CAGR of 18 per cent.

The continued growth of the ride-hailing industry can make mobility convenient, affordable and accessible – but it can also result in increased carbon emissions and pollution.










    To read this article in full, please complete the form below:

     









    By clicking submit you confirm that you accept our terms and conditions and privacy policy.

    The rest of this content is restricted - login or subscribe for free to access

    Thank you for visiting our website. To access this content in full, you'll need to login or subscribe.

    It's completely free to subscribe, and in less than a minute you can continue reading. If you've already subscribed, just login.

    Why subscribe? Join our growing community of thousands of industry professionals and gain access to:

    • Quarterly issues in print and/or digital format
    • Case studies, whitepapers, webinars and industry-leading content
    • Breaking news and features
    • Our extensive online archive of thousands of articles and years of past issues

    All for free!

    Click here to Subscribe today Login here