Have you ever thought about how much time of your life you are spending on a daily basis being stuck in traffic? The amount of things and new hobbies you could have started instead of circling around until you find a parking spot? Transportation studies put the annual cost of congestion at $160 billion, which includes 7 billion hours of our time lost to sitting in traffic and an extra 3 billion gallons of fuel burnt. Numbers speak louder than words.
A new MIT study suggests that using ride-hailing and ride-sharing services, could reduce the number of vehicles on the road by a factor of three without significantly impacting travel time. Private transportation is one of the biggest sources of greenhouse gas emissions rising every single day. The million dollar question though is, if we can and are willing to cut down our daily carbon footprint. For most of us the journeys to and from work are the bookends of the daily grind. However, how we choose to travel to the office or even to run our daily errands is also one of the biggest climate decisions we daily make. According to the greenhouse gas reporting 2019, the average petrol car produces the equivalent of 180g CO2 every kilometer, whereas a regular taxi emits far more carbon equivalent of 210g CO2 every kilometer. According to a research from the University of California, people tend to use more public transportation, thus avoiding running errands with their private car, when they are certain that they can later take a ride hailing service.
Ride-hailing: Trend or a necessity in Latin America?
Latin America is the home to over 650 million people out of which 83% of them live in urban areas; by 2050, that could climb to 90 percent, UN-Habitat predicts. Not only that but in the next decade, it’s estimated that the total urban population will increase to 711 million. Think of this: Almost 30% of the traffic in the big urban cities is due to frustrated drivers who wander around in search of a parking spot. In Mexico City, one of the most congested cities in the world, a ride to work takes on average 66% longer and the traffic adds extra 227 hours to the total travel time of a commuter. On the other side, we have millennials, a big part of the population that couldn’t care less of owning a car. It is worth mentioning that millennials constitute one-fourth of the total Latin American population, a large percentage of the population, known for their eco-friendly lifestyle and embracing at high speed alternative transportation modes and on-demand services that can indeed make a difference to their daily carbon footprint.
At the electromobility front in Latin America , data unveil a unique opportunity to scale. In 2018, only 23,000 hybrid electric vehicles were registered with only 3,700 battery electric vehicles being commercialized. By 2025, the electric mobility market is expected to reach 114, 700 units, at an annual growth rate of 25%. Worth mentioning here that according to the World Health Organization, air pollution is the biggest environmental risk in Latin America. At Beat we believe that transportation in modern megacities should get electrified, building a more sustainable environment. Hyper-focused in Latin America and committed to transform the future of mobility, we introduced in October Beat Tesla , starting from Mexico City, the first and largest private all-electric vehicle service in Latin America. We care deeply about our communities and care to support them by developing smart transportation solutions. We are proud that Beat Tesla has become an important ally to the country and a solution to its congestion problem since day one. #WhatNext one might wonder. With the knowledge gained from Mexico City, we are gazing into the future and working uninterruptedly towards strategically creating a well-rounded portfolio of sustainable services, offering numerous mobility solutions and covering the different needs of our communities. We are thrilled to reinvent mobility! Discover more about our high-tech sustainable service and stay tuned for what is coming next!