Car Mobility
According to the Korea Automotive Research Institute’s report released this month, the global mobility service market is expected to grow to reach 15.468 billion euros in or before 2030. This amount is approximately 12.4 times that recorded in 2013 and can be compared to 10% of newly sold vehicles being used for mobility service purposes.
Mobility services are roughly divided into car sharing and car hailing. The former is a type of rent-a-car service and the latter is for real-time matching between users and mobility service providers.
In January this year, GM invested US$500 million in Lyft, a car hailing firm. More recently, it came up with a business expansion plan for its car sharing service Maven. GM is currently expanding Maven across the United States.
Toyota announced on May 25 that it would invest in Uber, one of the largest car hailing firms in the world, and expand its mobility service-related business in cooperation with Uber.
In the meantime, Volkswagen invested US$300 million in Gett, another car hailing service provider, as of late.
Hyundai Motor Company is working with Socar in South Korea in order to utilize car sharing in promoting its new products. In Germany, Hyundai Motor Company and Linde launched the world’s first hydrogen car sharing service on June 16 (local time) by the name of BeeZero.