Shared micro-mobility kicked off significantly in 2017 with Chinese vendors offering bike sharing services, and as time has gone on, other vehicles are being added to service operators’ fleets. The fleet expansion introduced market barriers, such as the key fact that e-scooters were illegal in the United Kingdom until July 2020, presenting a market entry barrier. For context, e-scooters were illegal due to being categorized as a vehicle requiring tax, insurance, and Ministry of Transport (MOT) test to be legally ridden on the roads; however, these regulations have now been amended.
You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.