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So the initiative for global
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environmental leadership at Wharton uh
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put out a report recently which is
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called next stop innovation. What's
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ahead for urban mobility and what is
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interesting about this report is it
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really hits on some really key issues
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that are impacting urban mobility today.
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uh everything from the infrastructure
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the uh type of investments that are
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being made in new technologies
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especially especially electric vehicles
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and on top of that there's a really
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strong emphasis on the sharing economy I
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think one of the key issues that come
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out of the first section which talks
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about the sharing economy and it focuses
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on several different areas it talks
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about car sharing it talks about bike
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sharing. It talks about how uh
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telecommuting telecommuting for work is
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really having an impact. And I think one
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of the key pieces that we see today is
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that the sharing economy is an
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overarching theme. There is it shows a
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true disruption, a different way of
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looking at things. We have in the past
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really thought every person needs to
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have their own they need to have their
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own car. They need to have their own
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bike. They need to have it. And they it
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comes with baggage. And that's one of
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the more interesting things I find is is
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that when you're in an urban
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environment, the less baggage you have,
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the better. And so it is for everyone's
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benefit that we take a car, which in the
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1950s was our god-given right to every
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American must have a car, and said,
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"Look, let's change that model. Let's
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turn it on its side and let's say
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instead let's take that same car,
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advertise its cost over multiple
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drivers, figure a way for us to have
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more energy efficient cars that are
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available and cut down my cost as a as a
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as a person who uses transportation. Why
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would I want to pay insurance? Why would
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I want to pay for parking? Why would I
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want to have to deal with the
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maintenance costs? It's the classic
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win-win. And I think ultimately the the
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model of sharing whether it be any of
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the models, cars, bikes, etc. It is it
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makes all the sense in the world and it
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also starts dealing with some of the
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major issues that cities are really
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confronting today. I think one of the
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major issues that every major city is
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going to be dealing with in the coming
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years and certainly within the next 10
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years is that the amount of cars that
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are currently inhabiting the streets
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can't
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exist. Bottom line. And Mayor Bloomberg
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when he passed his most recent laws in
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the new in the city of New York really
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was recognizing that fact. And given
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just the sheer number of people who live
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in the city, the what I'll call builtin
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transportation infrastructure, taxi,
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buses, etc. The number of cars that you
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can have in the city, there's a limit.
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Manhattan is not getting any bigger. And
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ultimately what needs to happen is a
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more planned out strategy, a process
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that starts to bring together all the
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groups, the folks that are dealing from
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the government side, the people who have
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to do transportation every day, the
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commuters as well as industry, they all
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have a role here.
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[Music]
