| | OCTOBER 202119desire to save the planet that drives them to join the smart mobility revolution. Choosing shared mobility mediums helps them save the high cost of owning a personal car, dealing with parking hassles and paying hefty sums for fuel, maintenance and insurance pa.In addition to people's self-awareness furthering the growth of social mobility, government initiatives also deserve a special mention. Central and state municipalities worldwide are continually putting efforts to hasten the uptake of smart mobility solutions. For instance, several state governments in the US forego taxes and extend rebates to make smart mobility affordable for the end-user. They also impose strict emission norms for vehicle manufacturers and invest in special EV parking lots in congested areas. European countries and the UK are also making strides in introducing Zero Emission Zones or ZEZs. These zones allow people to travel only on bicycles, public electric vehicles, buses, or on foot. You can find ZEZs making real changes by reducing traffic congestion and pollution in cities like London, Paris, Brussels and Madrid. The Road Ahead for Smart MobilitySmart mobility solutions are the future of urban commuting. Expert studies have revealed the same ­ this sector achieved a stupendous CAGR growth of 18.4 percent between the years 2020 and 2026. In terms of dollars, the global smart mobility market share is all set to reach $91 billion in the same time frame.These figures are only possible when the uptake of smart mobility solutions is on an upward trajectory. To keep things this way, countless automotive manufacturers and tech companies like Uber, Lyft, Toyota, and many others are coming-up with progressive solutions each day. Add to it, the ride-hailing and sharing apps that are becoming more sophisticated, and EV technology for shared transportation is now a reality.To conclude, don't be fooled by the current sluggish pace of the smart mobility sector brought along by the ongoing pandemic. Expect its significant dominance through solutions like shared and micro-commuting mediums in the coming years. SMART MOBILITY SOLUTIONS ALSO FEATURE REAL-TIME FEEDBACK MECHANISMS THAT HELP COMMUTERS CHOOSE THE MEDIUM THAT SUIT THEM BEST
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