Shared mobility in India: Trends and Challenges
India is currently witnessing increasing ownership of private vehicles and decreased use of public transportation. These have significant implications on India’s energy consumption, energy security, pollution, congestion, health and safety. However, the country is considered to be at a point of inflection as far as the development of its mobility ecosystem is concerned. Today, we see faster adoption of shared mobility services across the country. Car rental and subscription models are on the rise, with the Indian shared mobility market comprising of more than 2 million vehicles. This is further expected to grow at a CAGR of 9.7% until 2025.
The IET’s Future of Mobility and Transport Panel brought together a set of shared mobility experts from organisations that help operate pure electric cars as fleets, two-wheelers as a shared mobility service and operationalise fleets of last-mile logistic partners, to articulate the current trend of shared mobility in India and the challenges around it.
Read the report to get answers to your questions regarding: What is the current state of affairs as far as shared mobility is concerned? What are the opportunities in this space? How are we going to tackle the challenges around it?