Insights

The Role of the Automobile Needs to be Reinvented

Young, technically literate population will drive switch to flexible transport mix.

Urban dwellers in Western Europe and Asia would seriously consider a change in their primary mode of transport – including abandoning auto ownership – according to a study by Oliver Wyman and the ESB Business School Reutlingen (Germany).

The “Future of Mobility” found that, if fuel prices rose significantly by 2030, approximately 77% of the survey’s 3000 respondents would change their mobility behavior by switching to a smaller car, switching to an electric car, or abandoning car ownership entirely and replacing it with a mixture of transport modes. Respondents in Shanghai (91%) and France (82%) were particularly open to changing their mobility patterns. High-income respondents (71%) were the least likely demographic segment to consider a switch.

The Role of the Automobile Needs to be Reinvented


DOWNLOAD PDF