DOTT, the European micromobility company, believes that e-scooter and e-bike services have the potential to provide a £1.1 billion boost to the economy.
The study is based on both the direct and indirect financial contributions of Dott’s existing services in London. Researchers at Oxford University’s Oxford Strategy Group demonstrated the economic gains which could be made if more people choose to switch to environmentally friendly vehicles for travel across the city.
With existing usage, Dott’s shared e-bike and e-scooter service was shown to contribute over £3m to the economy. And if just one in five of London’s 2 billion car trips were to switch to an environmentally friendly alternative, over £1bn of benefits could be unlocked.
Researchers calculated the direct economic contributions of Dott’s service in London, including wages, operations and spending on equipment. This was combined with indirect economic impacts, consisting of:
Congestion savings of £672m, by all road users from reduced congestion on the streets if 1 in 5 London car journeys switched to e-bikes or e-scooters.
Time savings equivalent to £22m, if 1 in 5 London car journeys (400 million) were switched to a Dott e-bike or e-scooter. Based on 4.7 million hours of potential time savings from switching to more efficient travel across the city.
Health savings of £371m based on reduced pollution levels from car trips replaced by Dott if 1 in 5 car journeys were swapped.
Henri Moissinac, Co-Founder and CEO, Dott, said: “People are increasingly discovering that shared e-scooters and e-bikes can provide efficient, safe and reliable travel across their cities. This new research shows how choosing sustainable transport can benefit the wider economy as well. To unlock this potential, policy makers should take steps to make it easier for more people to switch to environmentally friendly alternatives.”
The potential economic impact can be gained by encouraging more people to switch to e-scooter and e-bike services. Dott’s experience in major cities across Europe shows that the most successful shared schemes include a consistent experience across the city, high density of parking spots, limited no-go and slow zones and high quality infrastructure such as segregated cycle lanes.
The environment and social impact are at the heart of every business decision at Dott. The micromobility company has set out its goals and progress at ridedott.com/sustainability.