Micromobility

FOR URBAN MILLENNIALS, MICROMOBILITY WILL BE THE KEY TRANSIT CHOICE OF THE FUTURE

Gen Y has been pivotal in the trend of resurgence in America’s urban areas. Not only do they have a significant preference for city living, they are also 21% more likely to buy their homes near city centers than Gen Xers. For the cohorts aged 25-34 and 35-44, the critical factor in that decision is access to transit, according to a Journal of Regional Science study.

Given that millennials make up America’s largest-ever generation, that is positive news for the sector of the transportation industry most primed to capture the future urban market: micromobility.

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Micromobility services — including ride-hailing platforms like Uber and Lyft, bike-share programs like New York City’s Citi Bike, and electric-scooter rental services like Bird and Lime — have grown rapidly in recent years. Today, there are more than 85,000 e-scooters available for rent in 100 cities across the US, with more than 38.5M trips made in 2018 alone. As a whole, the micromobility sector is expected to be worth up to $300B by 2030.

• Shares of Tesla initially rise Thursday after a German business publication reports that Volkswagen CEO Herbert Diess is interested in buying a stake in the company, citing sources.
• The stock pares some of its gains after Volkswagen denies the report.
• A VW spokesman tells CNBC the report is “completely unfounded.”

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Where did they get a crazy idea of a VW acquisition? Well, from stories like this one.

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Brian Williams snapped some photos outside of the automaker’s Dearborn, Mich., development center, of what’s assumed to be a prototype for the upcoming utility vehicle. The high-performance vehicle is wearing a bulky wrap to obscure it a little. The testers always drive each new prototype on public roads for real-world testing at some point in the process. What can’t be known for sure is if this is truly the mustang “inspired” SUV that has been rumored.

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Dodge Ram finally overtakes Chevy’s Silverado for the #2 spot in full size trucks.

“The change has been stark, as the Silverado used to ship more than 150,000 more units than the Ram, and now it’s down over 20,000. Typically, buyers of said trucks tend to stick with whatever brand they bought last time”

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And Tesla’s truck, which doesn’t really exist yet BTW, has overtaken the mighty Ford F-150 as most talked about.

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“Tesla’s CEO has sought suggestions for features to add to the Tesla truck under development and he revealed some planned features, like an option for 400 to 500 miles of range, Dual Motor all-wheel drive powertrain with dynamic suspension, as well as ‘300,000 lbs of towing capacity’.

The automaker also released a teaser image of the Tesla pickup truck, which they plan to fully unveil later this year.“

That’s code for ‘Rivian has it so we will too’

As a theme it’s David over Goliath on July 4, 2019. Still, the checkered flag hasn’t waved on any of these races yet.