Is Transportation Moving Fast Enough For You?

TEI/IET Mobility Newsletter

Montreal, QC (Oct. 10, 2015) – The featured article in this issue is “Driverless vehicles are around the bend: Is this the insurance industry’s Kodak moment?” Eastman Kodak Company was a dominant force in photography and imaging for most of the 20th century, but the rise of digital saw Kodak file for Chapter 11 bankruptcy protection in 2012. Fast forward to 2015 and to a different industry: insurance. The industry faces numerous challenges and threats and many of them are technology-related. One of the most important threats concerns auto insurance.

From automotive driver assist capabilities to developments in autonomous vehicle and other considerations relating to mobility and the transportation of people and goods, a great deal is happening, and quickly:

  • Electrification of transportation represents the future of mobility.
  • GM is focused on car sharing, e-bikes, electric vehicles, connectivity and autonomous vehicle technology.
  • Honda will place driverless cars on California’s roads for testing purposes.
  • Daimler’s car-sharing service, Car2Go, is injecting a little ‘luxe’ into its lineup.
  • Google tripled its self-driving fleet in four months.
  • 10 automakers committed to installing automatic-braking systems as standard equipment in new cars.
  • Apple announced the release of what will likely be an electric vehicle in 2019.
  • Visitors to the 2020 Olympic Games in Tokyo will be able to see and use self-driving cars.
  • Ontario is planning an announcement related to driverless technology.
  • Toronto’s city council asked staff to develop new rules to accommodate Uber within municipal taxi and limousine bylaws.
  • Uber says it has 500,000 riders per month, and growing, in the Greater Toronto Area alone. With 160,000 active drivers providing ride-share services in more than 150 North American cities, Uber is gaining acceptance.
  • As jurisdictions around the world try to balance traditional and new forms of mobility, we are getting a small foretaste of the conflict and lobbying that shared driverless technology will bring.

Read the newsletter (PDF).

About MARCON

MARCON Management Consultants Inc. is a specialized market research, strategy and management consulting firm based in Montreal. For more information, visit www.marcon.qc.ca.

About the Transportation Evolution Institute

The Transport Evolution Institute’s goal is to anticipate changes related to the evolution of mobility, to develop optimal strategies for our collective benefit and to act as an instrument for their implementation. For more information, visit teiet.org.

Source: MARCON