Australian cities have been designed and built to accommodate and facilitate traditional motor vehicles based economies (freeways and road investment, manufacturing plants, fuel storage and distribution, car parking etc.) and motor vehicle based social networks (suburbia). In 2017 Australian urban planning and transport planning strategies still reflect the economic benefits of Traditional Motor Vehicles (TMVs) (acknowledging the costs such as road deaths and hospitalisations) as modified by improvements in public transport.
The Diverse Mobility Revolution is the next ‘Big Thing’! It is going to be bigger than PC’s and bigger than smartphones. The Diverse Mobility Revolution will create business opportunities and spatial restructuring from day one. This means property, IT, telecommunications, retail, finance, car sales, car rental, car maintenance, parking and myriad other industries will change forever as new business opportunities emerge. It will marry the online, sharing and gig economies to create new business relationships and new value chains.
First driven by Autonomous Vehicles (AVs) and then Electric Vehicles (EVs), the Mobility Revolution endures great scepticism, similar to other technologies such as personal computers. By 2025 AVs will be an aspirational commodity common on Australian roads. In 2035 over 80% of new vehicles sold will be AVs and around 40-50% of the Australian car fleet will be AVs if traditional car ownership continues to dominate mobility choices.
Importantly, AVs will have an unimaginable impact on Australia, not only because AVs include Traditional Motor Vehicles (TMVs), but also freight vehicles, terrestrial delivery vehicles and air based drones. The Diverse Mobility Revolution will create an average one extra hour per day to allocate to business, family, recreation or friends. Can you imagine having one more hour a day available?
The challenge is to maximise the exciting and unexpected benefits for all Australians.
In this series of videos, Brian discusses what is Autropolis and how Automated Vehicles will transform Australia.
MacroPlan’s experienced and qualified economists align their understanding of macro-economic forces with micro-economic variables such as geographic and industrial characteristics, demographics, labour market shifts, resource demand and commercial realities. Contact Brian Haratsis – Executive Chairman today to discuss your property research requirements.