LONDON, April 4, 2012 /PRNewswire/ -- As the cost of global congestion inches towards the $1 Trillion mark, key economies including Europe, North America, Japan and China amongst others prepare for a green-commute blueprint. 16 of the key Automotive OEMs are working on more than 110 short distance vehicles, with approximately 50 models being already production ready. The remaining 60 are in concept stage, but expected to become production ready by 2020. The emergence of such micro-mobility vehicles is expected to fight congestion, ease parking space identification and aid in faster as well as greener commutes in crowded city centres.
Frost & Sullivan will hold a complimentary web conference, entitled The Rise of a Next-Generation Sustainable Mobility, taking place on Tuesday, 17th April 2012, at 3 p.m. GMT. Industry Analyst, Automotive & Transportation, Vishwas Shankar, will introduce key participants in the global market for micro mobility solutions and the models they are planning with vehicle characteristics such as speed, driving range, vehicle homologation, seating arrangement, etc. He will also present thought-provoking insights, why global key OEMs have already invested more than $300 million in this market, as well as drivers and restraints related to current market dynamics.
To participate in this complimentary web conference, please email Katja Feick at email@example.com with your full contact details. Upon receipt of the above information, a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.
This web conference will primarily benefit components manufacturers, distributors, vehicle manufacturers, as well as technology partners globally. Automotive OEMs will have to prepare for intense competition in an emerging segment while planning to offer an integrated mobility beyond cars. Technology partners and component suppliers will receive valuable information for their plans and investments in areas of growing interest among automakers. From a local and global fleet operator's viewpoint, the web conference can help to understand and plan new models in addition to existing fleets.
'The micro-mobility segment focuses largely on daily short distance commutes of 1-15 miles, but also includes additional emerging models to provide city-driving of up to even 40-45 miles,' says Mr. Shankar.
'China is the preferred launch pad by global OEMs. Congested cities with narrow roads and a growing difficulty of parking space identification favours China over other economies, such as Europe. Also, more than 70 per cent of these unconventional mobility models are expected to be electric; China being the biggest e-bike market is expected to lead from the front with this new DNA of integrated mobility,' he concludes.
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SOURCE Frost & Sullivan