On Jan 19, New York Governor Andrew Cuomo unveiled a 36-page proposal to introduce a New York City congestion charge, the first of its type in the U.S. The number of vehicles entering Manhattan on a typical weekday has fallen over the past decade. Yet in the past five years, average speeds in Midtown have dropped to 4.7 miles per hour from 6.5 mph. The increase in congestion has been down to the dramatic increase of app-based services such as Uber and Lyft with over 68,000 licensed vehicles in the city. The plan, compiled by a 16-person advisory panel called Fix NYC, proposes a charge of between $2 – $5 for taxi and ride-sharing cabs, more than $20 for heavy-goods vehicles, and almost $12 for private vehicles. The move is hoping to generate almost $1.1 billion in gross revenue, which would be reinvested into the City’s decaying public transport system. However, the proposal still has a long way to go and will face challenges in the state legislature and the Mayor’s office.
On Jan 31, BMW iVentures will host the first annual Urban Mobility Forum to explore the challenges and opportunities in the future of public and private transport in cities. The forum will bring together over 200 experts and thought leaders in from the public and private space, include policymakers, founders, investors, and corporate innovators. On the agenda will be topics such as autonomous vehicles and our future urban environments, as well as, the power and importance of data in the future of mobility.
This exploration into urban mobility follows on from NYIntl’s FutureM series back in 2017. Together, with our industry leading clients, we used a more intimate format. Through an intense series of roundtable discussions, top experts from across the automotive and urban planning sectors helped our clients understand and strategize for the future. Our Future Series also serves as an essential platform to identify and propose collaborative initiatives between the participants. Download the full report here