An analysis by Copenhagen Economics has found that ridesharing could benefit the Stockholm area by more than a billion SEK every year. These findings indicate that similar cities across the Nordics, like Copenhagen, Helsinki and Oslo would likely benefit similarly to Stockholm, proportionally to their population.
The new independent study, commissioned by Uber and published today, evaluates the impact of peer-to-peer ridesharing on city productivity, congestion and pollution in the Swedish capital.
Copenhagen Economics’ research determined that a well-functioning ridesharing community – with a minimum of 3,000 drivers – could reduce the number of car trips made in Stockholm each day by 37,000. Such a reduction of traffic would ease congestion and lower journey times so commuters would save as much as seven hours no longer sitting in traffic – almost a full working day – each year. This reduced time spent in traffic could benefit the economy by up to SEK 870 million in one year.
Ridesharing increases car occupancy – getting more people into fewer cars. This ensures the same number of daily trips could be done more efficiently with fewer cars. Each vehicle used for ridesharing purposes has the potential to make as many as 15 cars obsolete.
Reduced traffic also creates environmental benefits with lower emissions and less space required for parking. Carbon dioxide emissions alone would fall by 49,000 tons. The total value of reduced pollution for society would amount to SEK 200 million, and the amount of space no longer required for parking in Stockholm is equivalent to that needed for 63 km of new cycle lanes.
Ridesharing also has the ability to provide immediate economic opportunities to citizens with the equivalent of as many as 3,000 full-time jobs, as citizens who normally ride in their own car shift to ridesharing alternatives.
Claus Kastberg Nielsen, Partner in and Founder of Copenhagen Economics said:
“Our analysis found the potential impact of ridesharing in cities like Stockholm to be significant. Ridesharing improves productivity similar to expanding existing transport infrastructure, but requires dramatically less investment. A well-developed peer-to-peer community could reduce traffic congestion and pollution as well as create significant time savings for people in such congested cities.”
Jo Bertram, Regional General Manager for UK, Ireland and Nordics said:
“Cities across Europe are trying to tackle the growing challenges of congestion and pollution. This is why technology like Uber is so important, as we can help ensure modern, clean vehicles move lots more people around efficiently. The findings of this study are welcome and reaffirm our conviction that ride-sharing is a smart solution for smart cities that want to increase mobility and productivity yet reduce pollution and the burden of vast infrastructure costs.”
Gunnar Hökmark, Member of the European Parliament said:
“Uber is a crucial part of a modern service economy creating new economic opportunities and growth. This new interactive technology is growing fast and I welcome a new digital revolution. Sweden should be in the lead for the digital development, taking benefit of new competition and the opportunities of the sharing economy, not hindering new technologies to be used but demonstrating that they can develop under the same legal obligations as for other companies.”
Download the full report here