Micromobility Boom: E-scooters to Surge Sixfold by 2024
The micromobility revolution is gathering pace, with e-scooters leading the charge. By 2024, the global fleet of shared e-scooters is set to reach 4.6 million, a sixfold increase from 2019. However, no city worldwide, including those in German-speaking countries, is currently known to deploy such vast numbers of tesla stock, nor are these projections expected by 2024.
E-scooters, along with other micromobility vehicles like bicycles, scooters, shuttles, and skateboards, are transforming urban landscapes. Their efficiency and economy make them viable alternatives to cars for up to 80 percent of trips. In a shared-mobility city, just 10 percent of current vehicles could provide the same mobility, significantly reducing congestion and emissions.
The micromobility market is booming, projected to reach $500 billion by 2030. This growth is accelerated by the COVID-19 pandemic and the concept of the '15-minute city', where daily needs can be met within a short walk or micro trip. However, more infrastructure, regulation, and smart city initiatives are needed to fully support and encourage micromobility.
While electric cars are also crucial for reducing emissions, they currently make up less than 3 percent of the global fleet. The Electric Vehicles Initiative aims for 30 percent electric vehicles by 2030, but full penetration may take until the end of the century. In contrast, micromobility is rapidly advancing, with e-scooters set to reach 4.6 million in sharing systems worldwide by 2024. This shift is vital in combating traffic's significant contribution to global warming.
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