India to be leader in shared mobility by 2030

A Morgan Stanley report has said that India is expected to be a leader in shared mobility by 2030 as rising share of electric and autonomous vehicles will improve shared mile economics. According to the global financial services major, India offers all the right ingredients to be one of the largest shared mobility markets in the world as it has large population clusters, a young demographic that is well connected to the internet and rising real incomes.

Commenting on the issue, a Morgan Stanley Official told the media, “By 2030, Morgan Stanley expects shared miles to reach 35 per cent of all the miles travelled in India and this will further increase to 50 per cent by 2040.” “Post 2030, it also expects this trend of shared mobility to partly replace individual car ownership while app-based taxi services will mainly replace public transport rather than personal car usage,” he added.

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