Looking Into The Future Of Shared Mobility And Vehicle Fleets

Last week we looked at the future of car connectivity, vehicle data, and what it means in the world of auto repair. This week we look into the future of shared mobility and vehicle fleets.

Emerging trends in mobility technology are impacting the way consumers use and value personal transportation. Together, consumer preferences plus technological breakthroughs are adding up to a change in how individuals choose to get from point A to point B, breaking a long tradition of using personal vehicles for every purpose—office commutes, shopping trips, weekend travel, and more.

Technology advances have provided individuals with options other than car ownership including e-hailing, ridesharing, car sharing, and micro mobility such as bike sharing and scooter sharing.

As demand for ridesharing services increases, top companies like Uber, Lyft, and others are shifting to fleet management solutions. In fact, the fleet management market is expected to grow by double digits, from $19.9 billion in 2020 to $34 billion by 2025. Because fleet vehicles are driven more miles than mostly personally owned cars and trucks, they typically have increased maintenance and repair needs.

Large government fleets (State DOT, Municipal) and private fleets (like Delta Airlines) are ramping up their efforts on emerging technologies and many have set target dates to have the vast majority of their fleets away from fossil fuels in the next 15 years. In many ways these fleets are one of the fastest to adopt and embrace new technology. NAPA stores support many of these fleets for day-to-day parts support and, in some cases, full inventory management and the landscape moves more quickly every budget year as these fleets add more and more diverse EV options to their fleets.  NAPA has seen significant growth in fleets now sourcing EV options in everything from light duty vehicles to sanitation trucks and buses.

SAEV (Shared Autonomous Electric Vehicles) adoption will be another significant growth area within the mobility service marketplace, especially after 2030. Autonomous adoption is expected to evolve in phases and as it does needs for maintenance, repair, and parts for those vehicles will increase.

NAPA is working to ensure NAPA stores and their customers stay relevant as this new fleet market takes hold.

Photo courtesy of Wikimedia Commons.