How much consumers can save with micromobility
Mobility spending will drop if consumers replace private cars with bicycles.
Consumers in European cities can save up to €1,330 annually if they replace their private cars with bicycles, McKinsey reported.
In a report, McKinsey estimated that consumers can replace up to 22.5% of the kilometres they travel by car with some type of micromobility.
“Even after factoring in the cost of electricity for e-bikes, net savings will amount to about €1,330 per car driver each year—money they can save or funnel into other areas,” the report read.
Making the switch could also free up residents’ time and increase productivity.
“Workers in the average European city would gain a cumulative total of about 200,000 more days each year to spend at home or at work if micromobility gains ground, leading to less congested roads,” McKinsey added.
This is equivalent to about 25 hours in annual time savings per driver, which they could use for more productive activities. The city’s average annual GDP would rise about €83m, or 0.2 %.
