Ride-hailing’s success in Canada depends on electrification

Shared mobility is signalling not just new technology but a change in the whole concept of ownership. In an August 2021 report, McKinsey & Co speculated that new modes of mobility could start to disrupt urban transport norms in the 2030s, with the disincentivising or restriction of private vehicle ownership in cities as a core factor. The reason for this is ultimately tied to governments striving to meet carbon reduction targets. In April 2021, the Organisation for Economic Co-operation and Development (OECD) found that shared mobility has the potential to offset 6.3% of emissions within the transport industry, which accounts for approximately 30% of all carbon emissions globally—“a significant environmental benefit.”