
The National Association of City Transportation Officials (NACTO) has just published this report on shared micro mobility in the US from 2010 to 2021. And it's a good look at how this space has evolved over the years. According to the report, the first modern North American bike share system was installed in Montréal in 2009 and the first in the US was in 2010. Though a quick Google search has Washington DC claiming this title in 2008.
Whatever the case may be, bike share ridership started somewhere around 321k per year in the US and trip volume is now close to 50 million per year. Electric scooters also joined the mix in 2018, and 2019 was a banner year for this mode of transportation. The report suggests this was due to cheap VC money subsidizing these rides. Electric scooters have seen their average trip cost 2x between 2018 ($3.50) and 2021 ($7), despite the average trip distance remaining more or less flat (1.3 to 1.2 miles).
Naturally, the pandemic was bad for shared mobility. But it is interesting to see how much this space has rebounded and how resilient it seems to be. Prior to the pandemic, bike share usage had clear morning and evening peaks, coinciding with people commuting to work. Since then, we have seen a shift to both a wider range of trips (i.e. to do things like get groceries) and more trips throughout the day.
To download a full copy of the report, click here.
I have been reading Fred Wilson's blog for over a decade now (and he has been blogging for almost two decades). A lot of the time it is about venture capital and tech, but similar to what I do here, it can be about almost anything. Today he wrote about the two weeks that he just spent in Paris with his wife (the Gotham Gal). And the post covers everything from real estate to relationship advice. But here are two points that will be particularly relevant to what we usually talk about around here:
Paris has done an excellent job of prioritizing cycling and building a ton of new lanes over the last number of years. We know this. But another good point that Fred makes is that Paris has allowed competition in their micro-mobility ecosystem. It started with Velib, but now you can also use Dott and Lime. The last time I was in Paris I used Lime bikes and scooters, mostly because I already had the app and because they were everywhere. Competition is good and Toronto should probably allow the same. Our bike share system -- specifically the mobile app -- is incredibly cumbersome to use, and the last time I checked most of the e-bikes were consistently out of service. Let's see if someone else can do a better job. We should, of course, also add scooters to the mix while we're at it.
Next, Fred describes Paris' real estate market as being more "stable." And by this he means that, for whatever reason, values and rents seem to be more moderated. This has some benefits. Restaurants and other retail businesses seem to stick around for decades, whereas according to Fred, "it's hard to find a shopping street in Manhattan that doesn't have multiple vacant stores". I'm not exactly sure why this is the case in Paris (assuming it is). I don't believe that they have any sort of vacant store tax. Though they do have a tax on unoccupied homes. Maybe this is just what happens when you're a little less capitalistic. (This is me deliberately avoiding the term socialism.)
If any of you have more insight into the real estate market in Paris, I would love to hear from you in the comment section below.

McKinsey published a report last month on the future of electric vehicles and what that will mean for the industry. Many countries, cities, and companies have set some sort of electrification target for 2030. The US is targeting 50% EVs by 2030. Several countries have announced a flat-out end to ICE sales by 2030. And a number of OEMs have committed to the same.
But there are already cities, such as Oslo, which have reached EV majority. In July of this year, its passenger EV adoption figure was 66%, making Norway a global leader. What is clear is that the electrification of personal transport is well underway. Anecdotally, we are seeing that play out with the number of people now inquiring about electric charging infrastructure in our buildings (here in Toronto).
This move to electric will have many repercussions, including a major shift in the entire supply chain (which McKinsey outlines in their report). While ICE vehicles and EVs still both have things like tires, EVs require a whole slew of new and now growing components:


The National Association of City Transportation Officials (NACTO) has just published this report on shared micro mobility in the US from 2010 to 2021. And it's a good look at how this space has evolved over the years. According to the report, the first modern North American bike share system was installed in Montréal in 2009 and the first in the US was in 2010. Though a quick Google search has Washington DC claiming this title in 2008.
Whatever the case may be, bike share ridership started somewhere around 321k per year in the US and trip volume is now close to 50 million per year. Electric scooters also joined the mix in 2018, and 2019 was a banner year for this mode of transportation. The report suggests this was due to cheap VC money subsidizing these rides. Electric scooters have seen their average trip cost 2x between 2018 ($3.50) and 2021 ($7), despite the average trip distance remaining more or less flat (1.3 to 1.2 miles).
Naturally, the pandemic was bad for shared mobility. But it is interesting to see how much this space has rebounded and how resilient it seems to be. Prior to the pandemic, bike share usage had clear morning and evening peaks, coinciding with people commuting to work. Since then, we have seen a shift to both a wider range of trips (i.e. to do things like get groceries) and more trips throughout the day.
To download a full copy of the report, click here.
I have been reading Fred Wilson's blog for over a decade now (and he has been blogging for almost two decades). A lot of the time it is about venture capital and tech, but similar to what I do here, it can be about almost anything. Today he wrote about the two weeks that he just spent in Paris with his wife (the Gotham Gal). And the post covers everything from real estate to relationship advice. But here are two points that will be particularly relevant to what we usually talk about around here:
Paris has done an excellent job of prioritizing cycling and building a ton of new lanes over the last number of years. We know this. But another good point that Fred makes is that Paris has allowed competition in their micro-mobility ecosystem. It started with Velib, but now you can also use Dott and Lime. The last time I was in Paris I used Lime bikes and scooters, mostly because I already had the app and because they were everywhere. Competition is good and Toronto should probably allow the same. Our bike share system -- specifically the mobile app -- is incredibly cumbersome to use, and the last time I checked most of the e-bikes were consistently out of service. Let's see if someone else can do a better job. We should, of course, also add scooters to the mix while we're at it.
Next, Fred describes Paris' real estate market as being more "stable." And by this he means that, for whatever reason, values and rents seem to be more moderated. This has some benefits. Restaurants and other retail businesses seem to stick around for decades, whereas according to Fred, "it's hard to find a shopping street in Manhattan that doesn't have multiple vacant stores". I'm not exactly sure why this is the case in Paris (assuming it is). I don't believe that they have any sort of vacant store tax. Though they do have a tax on unoccupied homes. Maybe this is just what happens when you're a little less capitalistic. (This is me deliberately avoiding the term socialism.)
If any of you have more insight into the real estate market in Paris, I would love to hear from you in the comment section below.

McKinsey published a report last month on the future of electric vehicles and what that will mean for the industry. Many countries, cities, and companies have set some sort of electrification target for 2030. The US is targeting 50% EVs by 2030. Several countries have announced a flat-out end to ICE sales by 2030. And a number of OEMs have committed to the same.
But there are already cities, such as Oslo, which have reached EV majority. In July of this year, its passenger EV adoption figure was 66%, making Norway a global leader. What is clear is that the electrification of personal transport is well underway. Anecdotally, we are seeing that play out with the number of people now inquiring about electric charging infrastructure in our buildings (here in Toronto).
This move to electric will have many repercussions, including a major shift in the entire supply chain (which McKinsey outlines in their report). While ICE vehicles and EVs still both have things like tires, EVs require a whole slew of new and now growing components:

It is also going to force new public infrastructure:

But in parallel to the electrification of personal vehicles, we are also seeing a number of other trends and shifts. The electrification of public transport (Shenzhen has already electrified its entire bus and taxi fleets). The rise of micro-mobility (things like e-scooters). The ongoing push to discourage driving in urban centers. And the continuing goal of autonomous vehicles.
What all of this suggests to me is that the electrification of personal vehicles is only part of the story. The entire mobility landscape in our cities is changing and it will probably look a lot different by 2030.
It is also going to force new public infrastructure:

But in parallel to the electrification of personal vehicles, we are also seeing a number of other trends and shifts. The electrification of public transport (Shenzhen has already electrified its entire bus and taxi fleets). The rise of micro-mobility (things like e-scooters). The ongoing push to discourage driving in urban centers. And the continuing goal of autonomous vehicles.
What all of this suggests to me is that the electrification of personal vehicles is only part of the story. The entire mobility landscape in our cities is changing and it will probably look a lot different by 2030.
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