INDUSTRY NEWS
UNLOCKING THE FUTURE OF MOBILITY
ARE YOU PREPARED FOR THE TRANSPORTATION REVOLUTION ?
Mobility is no longer about getting from point A to point B . The future of mobility is a dynamic landscape , encompassing electric and autonomous vehicles , flexible ownership models , and datadriven insights that are reshaping transportation . These advancements present both opportunities and challenges as we strive to create a sustainable , connected , and inclusive mobility ecosystem .
Connected and autonomous vehicles ( CAVs ) are at the forefront of this revolution , promising transformative changes in both personal and commercial transportation . By leveraging the Internet of Things ( IoT ) and advanced analytics , CAVs communicate seamlessly with infrastructure , other vehicles , and even pedestrians , enhancing safety and optimising traffic flow . Did you know that while one in every four vehicles sold in China is now electric , South Africa is just beginning to adopt connected and autonomous technology , with EV sales making up less than 1 % of the total market locally ?
Developing the necessary infrastructure in South Africa , particularly in rural areas , remains a significant challenge . To support the adoption of CAVs , substantial investments in connectivity and road infrastructure are essential . Additionally , regulatory frameworks must evolve to foster innovation while ensuring safety , privacy , and accessibility for all users . Building public trust in these systems will be critical to realising the full potential of CAVs and autonomous technology .
Sustainability is now a focal point in the mobility conversation , driven by environmental concerns and the demand for cleaner , more efficient transportation . Electric vehicles ( EVs ) are central to this shift , but their adoption in South Africa remains limited . However , there is a growing interest in EVs among younger consumers , motivated by sustainability and long-term cost benefits . Millennials and Gen Z , who now account for 40-50 % of vehicle finance deals , are increasingly choosing affordable , environmentally friendly options over brand loyalty .
South Africa ’ s journey toward sustainable mobility faces unique challenges , such as energy stability and the affordability
of EVs and infrastructure . Real-time data can play a crucial role in managing these challenges , optimising electric grid management , and supporting renewable energy development . As consumer preferences shift towards sustainability , making EVs more accessible and affordable will be essential for widespread adoption .
The future of mobility is undeniably data driven . Each connected vehicle , ridesharing platform , and transit network
generates extensive data , providing valuable insights into consumer behaviour , traffic flow , and operational efficiency . For TransUnion , data offers an opportunity to enhance both consumer and industry experiences . Real-time analytics enable insurers , lenders , and policymakers to make informed decisions , from assessing driver risk to planning effective transportation infrastructure .
As data-gathering vehicles become more common on our roads , a crucial question emerges : how can we ensure this information is used for good ? Safeguarding consumer information and maintaining trust are paramount . Prioritising privacy measures such as data encryption , anonymisation , and clear consent protocols is essential . When developing algorithms for mobility solutions , including route planning and ridesharing , it is crucial to consider
By Lee Naik CEO TransUnion Africa
fairness , transparency , and accountability to ensure equitable outcomes . Inclusivity must remain central as we design the future of mobility . Inclusive mobility addresses the needs of underserved communities , rural populations , and individuals with disabilities . In South Africa , where public transportation options are limited , innovative solutions like mobile-based ride-sharing platforms and ‘ mobility as a service ’ ( MaaS ) are emerging to bridge access gaps .
Prioritising community engagement in the planning process ensures that these solutions meet the actual needs of the people they serve . These solutions empower consumers who might otherwise face barriers to mobility . However , it is also crucial to address the long-term sustainability of these innovations , considering their environmental impact and lifecycle management . Latest trends indicate a growing demand for flexible ownership models , such as rentto-own and subscription-based financing , particularly among younger and financially constrained consumers . These consumers , who often view cars as tools rather than status symbols , are prioritising affordability as well as practicality . Additionally , the rise of micromobility options like e-bikes and shared mobility services offers further accessible , affordable alternatives for South Africans .
Realising the future of mobility will require collaboration across industries , from automotive manufacturers and tech firms to energy providers and financial services . By working together , we can build sustainable infrastructure , support EVfriendly energy grids , and create data led ecosystems that empower consumers and businesses alike . TransUnion is committed to this mission , using our expertise in data and analytics to contribute to a resilient , innovative , and inclusive mobility landscape .
The road ahead is transformative , but it demands a collective commitment to responsible innovation , sustainability , and inclusivity to seamlessly interconnect people , technology , and the environment . The time is now to collaborate and commit to these principles , making mobility safer , greener , and more accessible for generations to come .
aBr WORDS IN ACTION 26 JANUARY • FEBRUARY • MARCH 2025