You
must have seen people traveling on e-bikes and e-scooters in cities
like California and New York. If you are wondering about this new
trend, it’s called micromobility and aims to solve the
transportation problems of urban spaces and cities.
Micromobility
generally refers to short commutes of less than 5 miles and vehicles
that don’t go beyond 15 miles/hour. The scooters and bikes use
clean energy like rechargeable batteries to fight climate change and
provide a sustainable means of transport.
The
micromobility market is expected to grow to $300
billion by
2030 in the USA alone. In fact, Micromobility startups have already
pumped in $5.7 billion into the industry and looking to capture new
cities and urban spaces around the world.
Today,
we will explore the trend, its advantages, challenges and the future
of micromobility.
The Factors Behind the Growth of Micromobility
Micromobility
is gradually becoming popular across the world for its convenience an
environment friendliness. Let’s go over some factors which have
directly contributed to the growth of micromobility.
Last
Mile Transport
The
last mile transport has always remained a challenge for urban spaces.
City planners have long debated what to adopt to provide a
cost-effective means of short transportation. Shared Mobility has
emerged as one of the cheapest and fastest ways of reaching from
point A to point B. In fact, in USA, 60%
of all trips are
5 miles or less- providing a great opportunity for the growth of
micromobility.
Cheaper Mode of Travel
It
takes only a few dollars to ride e-bikes or e-scooters. The charges
are much lesser compared to cabs and traditional transportation
modes. So cheap rates is also a growth factor for micromobility.
