LONDON, November 8, 2017 /PRNewswire/ --
By 2035 there could be nearly half a billion cars on the road in China, creating unprecedented levels of congestion and pollution.
One solution could be widespread ride hailing through electric vehicles ("EVs") coupled with further development in car platforms, congestion pricing, automated driving and sensors and cloud storage. Suppliers of metal into cars would need to know whether ride hailing on this scale would make sense and how many cars would be produced as a result. In this insight, CRU's Research Director, Lavan Mahadeva, uses CRU models to estimate the feasibility and impact of ride hailing in the world's largest car market.
For ride hailing to be successful, it must save time and money
Ride hailing will only become popular if car users themselves get a better deal. Of course, some of the benefits of ride hailing would go beyond their private advantages. Fewer cars means less pollution, for one thing. But to keep things simple, we focus exclusively on the private costs that cars users will have to pay other than those implicit in travel times.
Read the full story: http://bit.ly/Chinese-car-congestion
Read more about CRU: http://bit.ly/About_CRU
CRU offers unrivalled business intelligence on the global metals, mining and fertilizer industries through market analysis, price assessments, consultancy and events.
Since our foundation in 1969, we have consistently invested in primary research and robust methodologies, and developed expert teams in key locations worldwide, including in hard-to-reach markets such as China. CRU employs over 250 experts and has more than 10 offices around the world, in Europe, the Americas, China, Asia and Australia - our office in Beijing opened in 2004.
When facing critical business decisions, you can rely on this first-hand knowledge to give you a complete view on a commodity market. And you can engage with our experts directly, for the full picture and a personalised response.
CRU - big enough to deliver a high quality service, small enough to care about all of our customers.