Survey: As Gas Prices Soar, Americans Turn to Shared Scooters and E-Bikes [TheStreet.com]
MICROMOBILITY.COM INC A (MCOM)
Company Research
Source: TheStreet.com
household budgets, a new national survey from Veo finds that higher fuel costs are prompting more car drivers to choose shared scooters and bikes instead of driving. According to AAA , the national average price of regular gasoline rose by approximately $1 from February 26 to March 26. The survey, based on 2,248 rider responses across Veo's 60+ city and university markets nationwide, found that among riders who own or have access to a car, 68% have replaced car trips with shared scooter or bike trips in the past 30 days due to higher gas prices, with 34% reporting they have done so frequently. The findings point to a clear shift in travel behavior as the cost of driving rises, particularly for short urban trips, errands, and commutes. “This survey shines a spotlight on what many Americans have known for a long time: Shared scooters and bikes are a more predictable, reliable, and affordable way to get around cities compared to cars,” said Candice Xie, co-founder and CEO of Veo. “
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