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Global Revenue from Car and Bike Sharing May Rise 40% by 2030

Growing use of mobility services in Asia, Europe and the US promises to transform cities and will benefit the climate, a new study says.

A Shell Recharge EV charging hub in London which replaced petrol and diesel pumps.

A Shell Recharge EV charging hub in London which replaced petrol and diesel pumps.

Photographer: Chris Ratcliffe/Bloomberg

Mobility services including car rentals, ride hailing and bike-sharing apps are expected to generate annual revenue of $660 billion in 2030, according to a just-released study by the Oliver Wyman Forum and the Institute of Transportation studies at the University of California, Berkeley. The figure represents a nearly 40% increase from the $260 billion in revenue generated in 2020.

The services will significantly transform how people get around in cities globally, well beyond traditional public transit and privately owned cars. And with a greater focus on sustainability and alternative energy, such as battery-powered electric vehicles, the services will bring potential benefits for the climate, pollution and the livability of cities.