Five COVID-19 aftershocks reshaping mobility’s future

Five COVID-19 aftershocks reshaping mobility’s future

This article is a collaboration by members of the McKinsey Center for Future Mobility, including Martin Hattrup-Silberberg, Saskia Hausler, Kersten Heineke, Nicholas Laverty, Timo Möller, Dennis Schwedhelm, and Ting WuMcKinsey & Company

The pandemic will change the face of mobility, both now and when the crisis ends.

COVID-19 has swept the globe in a matter of months, jeopardizing lives, upending businesses, and setting off a worldwide economic slump. While researchers work to develop a vaccine, with the threat of infection looming, consumers are newly refocused on health. We see this prominently in the mobility sector, with passengers largely favoring modes of transportation perceived as safer and more hygienic, such as private cars over ridesharing. Against a backdrop of mass layoffs, disrupted travel, and public-transit ridership down 70 to 90 percent in the world’s major cities, shared mobility—and mobility in general—is struggling. In particular, rumors of the demise of shared mobility are everywhere. Suddenly, private cars are in, shared rides are out, and the best-laid plans of mobility players appear to be in tatters. But are they really?The pandemic will change the face of mobility, both now and when the crisis ends. While researchers work to develop a vaccine, consumers are newly refocused on health, particularly in the mobility sector, with passengers largely favouring modes of transportation perceived as safer and more hygienic. Indeed it seems there is a demise of shared mobility, putting previous environmental mobility plans in tatters – should we be concerned?

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