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The combination of new technology and new business models is providing an ever-expanding range of transport options. Collectively, ride hailing, micromobility, and on-demand car rental offer new approaches to transport that provide the convenience of a private car without the need to own one, for a growing fraction of journeys. Dediu calls this “un
... See moreTom Standage • A Brief History of Motion: From the Wheel, to the Car, to What Comes Next
Our research suggests that travelers in western markets place a value on their work-related travel miles close to their hourly wage, and value their non-work-related travel miles at close to half their hourly wage. In low income countries and at $0.50 per mile, we assume another long tail of demand priced similarly to today’s ride-hail options. Tak... See more
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Anyone who wanted to buy a car in America in 1908 had no shortage of options. Car advertisements from that year offered prospective buyers a bewildering choice of vehicles from dozens of different carmakers, the majority of them now long forgotten. What most of these advertisements had in common was an emphasis on the social cachet associated with
... See moreTom Standage • A Brief History of Motion: From the Wheel, to the Car, to What Comes Next
As for cost, electric passenger cars will soon be no more expensive to own than gas-powered ones, which is great; but alternative fuels are still quite expensive, which isn’t great. We need innovation to bring those prices down.