The future of ride-hailing in Latin America can only be sustainable

Doing our best to prevent climate change is not a trend, it is a necessity. If we want to be the generation to claim that we did our best to avert or even manage to stop the overheating of the planet, then we need to make some changes. A lot of big ones and a lot of little ones, one decision at a time, day in and day out. 

Take being stuck in the traffic as an example. An everyday reality for people living in megacities around the world. An MIT study suggests that leaving your car safely parked at home and using ride-hailing and ride-sharing services instead, can reduce the number of cars on the streets by a factor of three. Transportation studies put the annual cost of congestion at $160 billion, which includes 7 billion hours of time lost to sitting in traffic and an extra 3 billion gallons of fuel burned. Imagine that! 7 billion hours lost in traffic – imagine the things we could be doing, the hobbies we could have started and the extra time we could have spent with loved ones. Take Peru for example. Its capital Lima, was ranked at the highest position at the report “ The World’s slowest cities to travel by car” by Moneybarn. The list was compiled taking into account time spent in traffic and CO2 consumption. In second place is Colombia and its capital Bogota. In fact, five out of ten countries compiling the list are in Latin America.

The future in Latin America is electric

Latin America is 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. 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, an estimated 2.1 million working hours are lost every day to traffic jams.  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. Numbers do speak for themselves. One might wonder if ride-hailing is the solution to reducing CO2 emissions. As with every problem there are different voices and different reports pointing to different directions. One commonality to them all though, is the need to switch to zero carbon emissions rides. Here lies electromobility. Data unveils a unique opportunity to scale for Latin America. By 2025, the electric mobility market in Latin America is expected to reach 114.700 units, at an annual growth rate of 25%. However, Latin America has another skeleton in its closet and that is no different than air pollution. At Beat, we believe that transportation in modern megacities should get electrified, doing our best everyday to build a more sustainable environment. Since day one Beat is hyper-focused on Latin America and committed to transform the future of mobility. Almost a year ago, we decided to take the first step towards redefining mobility. Our first stop was Mexico City, introducing Beat Tesla, the first and largest private all-electric vehicle service in Latin America. One year later, we are so proud that Beat Tesla has become an important ally to the country and a solution to its congestion problem. Not only that but we gaze into the future smiling, when one wonders #WhereNext. We care deeply about our communities and we strive to support them by developing smart transportation solutions. We are constantly working towards strategically creating a well-rounded portfolio of sustainable services, offering a great variety of mobility solutions covering all different mobility needs. We are committed to continue our path of reinventing mobility and keep shaking the waters of what is known so far. Stay tuned for what is coming next! Mobility is changing! Soon…

Where Next?