As the world becomes even more connected, the need for sustainable, carbon-neutral mobility solutions has never been greater than it is today. And while those solutions will look very different to the mobility options we use now, smarter steels will still play a crucial role.
Whether it is in autonomous, connected, electrified, or shared solutions, high strength and innovative steels will remain key to mobility.
The world is rapidly moving from individual mobility to collective mobility solutions. At the same time, the transport sector is aiming to reduce carbon emissions by utilizing clean energy and low-carbon materials.
These changes will result in a shift in how we access mobility. Today most people living in developed economies own their own vehicle and use it for both short and medium distance travel. For longer distances we use mass transport solutions such as rail or air.
Over the coming decade, experts expect that the world will move from private ownership of transport to shared solutions. Whether it is bikes or cars, Connected, Autonomous, Shared, and Electrified (CASE) solutions will become more important for individual mobility over short and medium distances. Operators who offer Mobility as a Service (MaaS) will become the norm and provide unique value.
For the mass transport of people and cargo, rail solutions and new technologies such as Hyperloop will grow in importance. Future mobility solutions will rely on decarbonized powertrains, including electric and fuel cell technology, to meet the 2050 Paris Agreement targets.