How does mobility in China differ from other regions of the world?
It is well known that China has quickly emerged as the world’s largest mobility market. Automotive, technological, and e-commerce innovations are rapidly converging in unexpected ways. More and more people are opting for private cars for their daily transportation, partly out of safety concerns in view of covid-19. The average commuting time is nearly one hour each way during the rush hour, which causes significant automobile exhaust pollution. The government has introduced a series of policies, including improvements to the public transportation infrastructure, subsidies, and zero plate restrictions for new energy vehicles, well-equipped charging stations, support for 5G technology development, and so on. To save on fuel costs, and attracted by the implementation of these policies, more new energy vehicles are appearing on the road. Speaking of which, a few words on payment methods for urban public transportation. Today passengers can simply swipe smart phones to take a bus or metro, share a bike or car by scanning a QR code, and use a sophisticated e-hailing platform – which means goodbye to wallets, cash, and bank cards. This trend has revolutionized and facilitated mobility for people in China.