Environment Sustainable Transport

Trends and targets that will influence the future of e-mobility

Sustainable Transport

Summary

Discusses key trends reshaping the mobility industry and how these trends will impact different stakeholder sectors.

Perspectives and insights

  • Mobility-as-a-Service alone is expected to reach $240 billion by the end of 2025, growing at a furious CAGR of 32.6% for 2020-2025.
  • Vehicle-to-everything connectivity or V2X still needs further improvement with autonomous cars becoming a reality.
  • It is likely that soon, cutomers in many countries will perceive vehicles without connectivity as unattractive.
  • Millennials find pay-per-use mobility more convenient over buying a car, which imposes a long-term commitment.

Xoologue - a discussion between Xoo and Moo

Moo: V 2 everything, Xoo. That’s what I foresee.

Xoo: And your foresight has rarely been wrong.

Moo: I can deal in sarcasm too, Xoo, but I’ll let it pass. Seriously, cars could become the epicentre of everything - and they may not even our private cars, if autonomous cars become prevalent.

Xoo: Just try visualising it Moo. Millions of autonomous cars, all battery powered and fully connected digitally to the transport ecosystem around them. What do you see?

Moo: I see a transport system that’s high-tech and impersonal.

Xoo: Those are indeed true but I see a picture that's in conflict with what most people mean when they refer to a V2G or vehicle to grid.

Moo: You think V2G will not become a reality?

Xoo: I rather think it will be G2V that will dominate.

Moo: Well, G2V! If that refers to grid to vehicle, that’s already happening, isn’t it?

Xoo: Yes, Moo. But think for a moment. V2G is predicted on the reasoning that electric vehicles can serve as storage units for the grid and release electricity as and when required back to the grid. This assumes that the vehicle will have good amount of surplus energy left in their batteries end of the day, as a private vehicle’s capacity utilization is quite low. But if the world is full of shared electric cars, I wonder how much energy they will ever have as surplus in them, as these cars will be running for a large portion of a 24 hour day 

Moo: And because of this you think utilities will be more concerned about how to supply to these cars than on how to use them as storage?

Xoo: Precisely, Moo.