Technology & New Energy – Changing the Way We Move

1. Mobility Innovation is the disruptive, transformational shift in how we use, power and control all means of mobility.

2. This innovation is supported by four catalysts in 1) Environment – concern over pollution and health; 2) Regulatory – road safety requirement and solving urban congestion; 3) Consumer – Change in demographics and changing consumption behaviours; 4) Technology – Digital transformation and new technology development like 5G, cloud, edge computing and cyber security.

3. The Covid pandemic has accelerated the mobility theme somewhat, especially in the de-urbanization and ecommerce (food and goods delivery) area.

4. It is estimated that ecommerce, or 「passenger economy」 will represent an explosive growth trajectory: from $800 billion in 2035, to $7 trillion by 2050, in 3 main areas: a) Driverless delivery and business logistics; b) On demand transportation; c) Healthcare, hospitality, and service delivery.

5. Self-driving cars can both save time and lives – due to congestion, drivers are spending unnecessary hours on commuting, while there are 1.2 million fatal accidents occur on an annual basis. Self-driving cars could potentially save 585,000 lives per year.

6. There are many big challenges in modern day urban cities: 1) More and more world population to live in urban areas by 2050, estimated to be nearly 70%. 2) The world’s population projected to reach 9.8 billion in 2050, more human, more vehicle, more traffic. 3) Transportation accounts for 28% of green house gases; 4) 1.2 billion vehicles are on world’s roads now, 2 billion by 2035. 5) On average, cars are parked 95% of the time – inefficient use of land and space.

7. On the other hand, the benefit of mobility innovation includes: 1) 28% less vehicles and 44% fewer parking spaces will be needed via ride sharing programs and self-driving delivery services; 2) 66% lower emissions using EVs or Hydrogen powered vehicles; 3) 87% fewer accidents and 30% shorter travel time if using Vehicle to Everything (V2X) concept.

8. Mobility Innovation is not just EVs or 5G – it is the whole supply and value chain of mobility, CASE: 1) Connectivity – connected road infrastructure, V2X communication, cloud and edge computing, big data analysis, Cyber security. 2) Autonomous – Self driving vehicles and safety features like blind spot detection, emergency braking, pedestrian detection, collision avoidance, lane departure warning… are either existing or being developed. 3) Sharing – modern day living requires a vehicle for every trip purposes: leisure, business, vacation, shopping, commuting to work… in the future, ride sharing provides solution for each different purposes: small car for day to day commuting, Recreation Vehicle for vacation/road trip, MVP for transporting family members, sports car for weekends. Less needs to own a car. 4) Electrification: EV manufactures, battery producers, hydrogen gas provider.

9. Connectivity – V2X, Vehicle to Everything. Future mobility are connected 1) to pedestrian (V2P) for early detection and accident prevention; 2) to Network (V2N) for real time traffic updates; 3) to other vehicles (V2V) for safety and efficiency; 4) to Infrastructure (V2I) for commerce and conveniences – where to park, where to eat, where to charge/change battery/car services, where to find emergency help like police station or hospitals.

10. While battery operated EVs can run for 200km to 400km per fully charged, it will not be lasting enough for commercial purposes like long distance buses, cross border container trucks and home delivery trucks.

11. Hydrogen fuel can be used not only on land vehicles but train, buses, airplanes and ships.

12. Hydrogen fuel is actually available, but in order to produce large amount of pure hydrogen, it needs to go through an industry process and can result in large amount of greenhouse gases, which defeats the purpose of saving the environment.

13. Cheaper and greener ways of producing pure Hydrogen for commercial use are still being researched and developed on.

14. Putting Oxygen and Hydrogen through a process called Electrolyzation, will produce both electricity and water, which has little impact on global environment.

15. Hydrogen fuel can even be used in commercial, residential, transportation and industrial purposes.