Friday, February 15, 2019
The inefficiency and poor quality of the public transit network has allowed start-ups in this area to grow. Millions of dollars’ worth of investments have recently been secured by companies operating in the rapidly expanding sector, which target middle-income segments of society looking for better quality affordable transportation.
- Less traffic congestion will increase productivity and reduce pollution.
- Ride-sharing will reduce government spending on energy subsidies.
- Convenient ride options will increase the demand for real estate in satellite cities currently underserved by the public transit system.