The case for digitisation and deregulation
In just five years, shared mobility services, including ride-hailing, are projected to account for over 10% of urban trips, signaling a multi-billion-euro opportunity for economic growth and the chance to tackle urban challenges like traffic congestion and pollution.
Yet, the future of Europe’s mobility market stands at a crossroads: will legacy taxi operators embrace digital transformation, or will they be replaced by tech-driven giants like Uber?
The answer hinges on Europe’s willingness to address its over-regulation crisis.
Europe’s Existential Challenge: Grow or Fall Behind
Mario Draghi’s report to the European Commission couldn’t be clearer: Europe is facing an economic reckoning.
Without a significant increase in productivity growth, the EU’s economy will remain stagnant until 2050, while global competitors surge ahead. French President Emmanuel Macron echoed this alarm, pointing out that Europe’s regulatory burdens and underinvestment have left it trailing behind the US and China.
Nowhere is this more evident than in the mobility sector.