Ride Sharing Is Already Reducing Car Ownership and Public Transportation Usage A recent study by the ride-hailing service Lyft and a similar study by a group of American universities pointed to the positive impact ride-sharing services not only have on consumers, but on the surrounding communities they service. These studies found that ride-hailing services aid in reducing congestion, increase individual consumer mobility, and found that in 2017 alone, Lyft passengers spent over $2 billion more in communities where ride-sharing services exist. View Full Post
Autonomous Vehicles and Ride Sharing Will Reshape Our Buildings, Our Cities, and Our Lives When the first automobile hit roadways in the early 1900s, developers, planners, and city officials had to completely re-think the design and planning of cityscapes, both new and old. The era of narrow streets, communities defined by walking distance or streetcar line, and short-distance commuting gave way to massive boulevards, interstate highways, and the rise of suburbanization. View Full Post
Over the past few weeks Uber, Waymo, and General Motors have solidified their commitments to the next-generation of transit, one that involves their autonomous vehicles and services moving people around the city with near effortless ease. While Uber announced the plan purchase of 24,000 Volvo SUVs for the self-driving fleets, GM set a target of 2019 for the launch of a self-driving ride-sharing fleet built on their Chevy Bolt EV platform. View Full Post
Cities Need Autonomous Vehicles Just as Much as Autonomous Vehicles Need Roads to Drive Down Slowly, in the background of our day-to-day lives, cities and their suburban counterparts have been gaining intelligence. Stoplights are timed and monitored by a suite of cameras and sensors; traffic patterns are tracked and analyzed by Watson-like computer systems; GPS-navigation systems communicate to the grid and identify the most efficient route to a destination when taking into account traffic patterns and other transit options; and even parking usage and patterns are analyzed, allowing for rates to be adjusted based on demand. View Full Post
Autonomous Cars are Here to Stay, but are Cities ready for them? Without question, autonomous cars and autonomous systems are here to stay. As automotive manufacturers, suppliers, and new entrants to the industry dive headfirst into the autonomous vehicle sector, questions remain as to how prepared U.S. cities are as the impending swarm of self-driving and semi-autonomous cars, trucks, and buses hit city roads in the coming years. View Full Post
Auto 2.0 Is More Than Just About the Automobile – From Shuttles to Logistics and More The introduction of near autonomous vehicles to public roadways is set to completely revolutionize the way humans and goods navigate cityscapes in the coming years. Although Tesla’s autopilot feature has become the early pioneer, the Detroit Three, Google, Apple, Amazon, Uber, Lyft, and other manufacturers and suppliers are quickly making up ground. View Full Post
Car Manufacturers and Suppliers Are Not the Only Ones Who Should Be Worried About Autonomous Vehicles While state attorney generals and Federal Regulators scramble to assemble regulations around autonomous vehicles and legacy car manufacturers look to avoid market-share erosion from unknown competitors, another group needs to closely watch the way autonomous vehicles and next-gen transit tech impacts their day to day life. View Full Post
The Sharing Economy: Ride Sharing Provides Unique Challenges to Automotive Manufacturers Going Forward A recent study published by AlixPartners estimates that for each car-sharing vehicle on the road, 32 personal vehicle purchases do not occur, which to date has resulted in 500,000 missed vehicle sales for automotive manufacturers. AlixPartners estimates that by 2020, automakers will miss out on an additional 1.2 million vehicle sales as a result of ride sharing systems as they begin to mature nationwide. View Full Post
Deal Activity Slightly Declines in 2016; 2017 Deal Makers Cautious Aggregate automotive industry M&A deal values for 2016 were down 34% to $41.0 billion compared to $62.1 billion in 2015 according to PwC’s recently released report, PwC Deals: Global Automotive M&A Deals Insights Year-end 2016. Deal volume also saw a slight downtick of 1.4% to 583 deals compared to the 591 deals of 2015. View Full Post