The mobility industry is nearing an inflection point in its ability to curb the greenhouse gas emissions caused by urban transportation. Getting there requires closer partnership within the industry and between the public and private sectors, as well as a reliable regulatory environment that fosters investment, according to industry executives and investors who participated in an Oliver Wyman Forum Climate Week NYC roundtable.
Cities and companies also need to seize the low-hanging fruit of relatively simple solutions, such as extending and widening bicycle lanes, even as they make big investments in public transportation and charging networks for electric vehicles (EVs), the participants said.