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It is difficult to reflect on 2020 without looking through a coronavirus lens. The pandemic has been a tough stress test for both the public and private sectors yet, through it all, the world of future mobility did not stand still. Increased electric vehicle (EV) sales, corporate investments and government support all shone a light on future mobility. In 2020, without knowing it, we were participating in a massive mobility experiment and the results are compelling.
Corporates have increased their focus on ESG (environmental, social and governance) in 2020, with figures from the Investment Association showing net flows of £7.1bn in nine months – 275% more than achieved in 2019 (£1.9bn). Original equipment manufacturers (OEMs) such as Volkswagen, Mercedes-Benz, GM and BMW have doubled down on their investment and the market has seen a flurry of new models announced for 2021, with more electric models being released than ICE (internal combustion engine). Furthermore, the Tesla Model 3 was the UK’s best-selling car in December 2020. The Volkswagen group also introduced ID.3 in October, which in December was the fourth biggest-selling vehicle – highlighting the way EVs have penetrated volume vehicle sales.
Even though mobility-as-a-service businesses like ride-hailing created safe environments, numbers are not expected to recover in the short term, since consumers are less willing to travel. Methods that resulted in cheaper, less CO2-emitting travel, like ride-sharing and public transport, are less appealing, with users looking for safer, more private modes such as their own cars.
