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Visit McKinsey to read the article.
“Achieving seamless mobility won’t be easy, but it’s not a pipe dream, because the advantages associated with it are so clear. Moreover, seamless mobility could create significant business opportunities. Our analysis suggests that by 2030, 40 percent of the transportation-revenue pool—the money that residents in dense, developed cities like New York, Paris, and Tokyo spend on transit—could be served by modes of transport (particularly autonomous shuttles, robo-taxis, and those using logistics approaches) that don’t even exist now. Seamless mobility may require new kinds of assets, such as storage and maintenance facilities for shared autonomous fleets, fast-charging infrastructure, and dedicated AV lanes equipped with vehicle-to-infrastructure communications and IT systems. All of this represents a significant new area of opportunity for infrastructure companies to design, build, and operate in and for new forms of public–private partnerships. Seamless mobility is only achievable if cities tap into the private sector’s capabilities, business models, innovations, and technologies.
Finally, the past offers hope. Cities have reimagined transport before and did what was necessary to improve the mobility, and thus the lives, of their people. Go back to that first underground railway: London not only permitted eight years of construction through one of the most crowded districts in the city, but it also established a public–private partnership and invested £200,000 in what was then a highly experimental project. “Those who devised and carried out this undertaking would be entitled to the highest praise and gratitude of the people,” noted one speaker at the ceremony to commemorate the opening. “This line was not only an honor to the country but a solid advance in civilization.” True enough then—and, perhaps, it will be true again in the future.”