By Yeshwanth Reddy and Jagriti Arora

As the roads on google maps turn from green to red during peak hours, netizens are increasingly talking about their struggles in everyday traffic on social media without realizing that they are part of the traffic. Like every drop of water in the ocean, every car on the road counts. An aspirational and growing middle-class has led to a massive addition of cars to Indian roads from 6.1 million in 2000 to 30.2 million in 2016, according to data from Ministry of Road Transport and Highways (MoRTH). Not only does it point towards insufficient public transport infrastructure, but also towards the need for comfort and flexibility along with a sense of accomplishment that comes with owning a car.

Shared mobility offers the ideal solution to congestion in cities by improving existing asset utilization. MIT Center for Science conducted a case study in New York wherein it was predicted that 98% of the demand for single vacancy vehicle (14,000 cars in NY) can be met by 3000 four-passenger cars. Closer home, a study by the University of Chicago on odd-even scheme in Delhi reported a 10-13% reduction in particulate matter and a 5.4% increase in average speeds.

Continue Reading at The News Minute…

Read More

Areas of Focus: Energy Markets
Definition
Energy Markets
Well-functioning markets are essential for providing access to reliable, affordable energy. EPIC research is uncovering the policies, prices and information needed to help energy markets work efficiently.
Transportation
Definition
Transportation
Mobility is central to economic activity. Yet, a lack of fuel diversity and continued demand growth have made the transportation industry a major contributor to global pollution and carbon emissions....