Benefits of shared mobility for the environment

2 min. reading
Shared mobility / 12 June, 2021

Sofía R. Ustáriz Journalist

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Shared mobility offers multiple benefits for both the environment and day-to-day urban life, and is emerging as an investment trend for the future.

Every year, more than 36 billion tons of CO2 are released into the environment, contributing to global warming, climate change and air pollution, which also end up affecting our health as human beings. Among the main emitters of carbon dioxide are means of transportation.

Advantages of shared mobility

Without realizing it, thanks to the massive consumption of fossil fuels that comes with everyone having their own car, we caused the acceleration of global warming that we are trying to combat today.

Benefits of shared mobility for cities and the environment

In cities such as Mexico City, New York, Seoul or Luxembourg, the problem of CO2 emissions by means of transportation is increased by the fact that for each private car travels between 1 and 1.5 people on average, not only polluting the environment but also worsening the traffic problem in cities, while public transportation does not always meet the demand.

In response to these problems, shared mobility and applications that facilitate it, such as “rideshare”, have emerged. With this initiative, the benefits are many:

  • Reduction of CO2 emissions, collaborating with the fulfillment of the UN’s sustainable development goals-which positions this service as a priority for public investment;
  • Road relief in cities, reducing traffic caused by excessive private vehicles;
  • Following the pandemic, demand for these types of services has increased, as they offer safer transportation options in terms of physical distance, alleviating the demand for public transportation;
  • Private mobility service solutions with the benefits of cab services – such as speed, convenience and accessibility to places where public transport does not reach, without the high costs;
  • Reduced gasoline costs due to lower demand;
  • Increased eco-friendly mobility options, e.g., electric or hydrogen vehicles.

 

Investment in shared mobility

By 2018, shared mobility companies made more than $60 billion annually, with a trend of increasing at 20% per year. Which is why it is shaping up to be the future of urban mobility and a highlight investment trend for the coming years.

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