One- to Three-Wheeled Micro-Mobility Models Complement Four-Wheeled OEMs Strategy, Says Frost & Sullivan

One- to Three-Wheeled Micro-Mobility Models Complement Four-Wheeled OEMs Strategy, Says Frost & Sullivan PR Newswire LONDON, July 17, 2012 - Challenge for OEMs to Create Mainstream Fame for More than 150 Micro-mobility Solutions Targeted by 2020 LONDON, July 17, 2012 /PRNewswire/ -- More than 150 models will be launched by over 25 key global mainstream automakers in the global micro-mobility market by 2020. Global automakers, including 18 passenger car OEMs, are targeting micro-mobility solutions to provide first/last mile connectivity as well as city driving. New analysis from Frost & Sullivan (http://www.automotive.frost.com), Strategic Analysis and Benchmarking of Global OEMs Micro-Mobility Solutions, finds that strong participation by global mainstream OEMs will give a lift to the genre of micro-mobility; at least 60 models are projected to enter production before 2018. "Growing urbanisation and changing mobility trends have triggered interest not just in fuel-efficient vehicles, but also in an entirely new genre – micro-mobility," notes Frost & Sullivan Industry Analyst Vishwas Shankar. "Various markets – China, Europe, India and even North America – are offering manufacturing subsidies as well as incentives to drive the sales of micro-mobility solutions, even as OEMs are set to target at least one launch every quarter." Globally, passenger car ownership appears to be declining among Gen-Y users.