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Baker Mckenzie Global Ridesharing Survey

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Baker Mckenzie Global Ridesharing Survey The Future of Mobility Series GLOBAL RIDESHARING The future of mobility is shared. 2030 forecast: The global ride hailing industry Global car sales to drop to An estimated 1 out of 10 cars is predicted to reach a market 2% from 3.6% annually sold in 2030 will be shared size of USD 285 billion With the current widespread deployment of connected But with regulators having to play catch up with fast- vehicles and the planned development of automated moving technological progress and new commercial vehicles (AVs), automakers and suppliers are investing models, those growing their business within the in new technologies and services. connected transportation and automated vehicle industry – as well as those impacted by it - need From automated driverless parking to the full range of robust legal advice on technical standards, tax, safety, integrated data innovations that open endless revenue liability, and data protection amongst other legal streams to car manufacturers and suppliers who considerations, which tend tosignificantly differ across successfully transform into mobility service providers, the jurisdictions they cover. the sky is - literally - the limit. KEY OPPORTUNITIES AND CHALLENGES Key opportunities Key challenges Local and regional market growth Legal compliance Ride-hailing market forecasted to grow to $13 billion by 2025 Untested legal issues Opportunities for new businesses to compete in an New laws and potential associated issues emerging industry Accelerated government enforcement of regulations Clear government support Competition for market share Development of policies on mobility as a service Dominance of the few Many governments are keen to promote ridesharing High cost of market penetration Opportunities beyond ridesharing Implementation issues with existing laws On demand consumer and commercial services: increased personal Need for infrastructure development mobility options, food and product delivery amongst others. Opportunities for businesses to diversify their portfolios OUR EXPERIENCE Advised GrabTaxi, an Asia-based ridesharing company Advised a car rental and car sharing app in the legal analysis offering transportation, food delivery and digital payments of the feasibility of their project to launch an e-car sharing services via mobile app in obtaining licenses from the Bangko system in big European cities. Our analysis included license Sentral ng Pilipinas as e-money issuer, remittance and schemes, traffic restrictions, parking requirements, possible transfer company. state aids available, city charging stations, insurance, etc. Advised Daimler on its European joint venture with Via, Advised Waydrive Holdings, a joint venture between 2 the real-time ride-sharing company, to launch on-demand Singapore based businesses, on the acquisition of 100% ride-sharing services across Europe. As part of the joint of the share equity in Uber-owned Lion City Rentals, venture, the two companies collaborated on the design of an marking the United States ride-hailing firm Uber’s exit from optimized Mercedes-Benz Van shuttle for on-demand shuttle Singapore. service use. The Baker McKenzie difference Our Future of Mobility Teams What they say about us With 6,000+ lawyers covering 250+ With over 350 lawyers specializing “Satisfied clients note that the lawyers jurisdiction across 46 countries, in the new mobility space, Baker ‘are extremely attentive and careful, Baker McKenzie is a truly global McKenzie’s Future Mobility team has firm with a finger on the pulse of global experience in the automotive, provide practical, business-oriented developing trends. Our experts aviation and related technologies advice and understand deal timelines across 70 offices have in-depth industries, and was formed to and urgencies.’” knowledge of international patent provide clients with comprehensive and anti-trust law that they can advice on technical and regulatory “Their lawyers are quick thinkers and effectively leverage at the local level developments and commercial problem solvers,” comments one client. depending on clients’ needs. opportunities. “In addition to providing professional We take an industry-issue A key differentiator in the legal legal advice they also provide practical approach to help clients address space, several of our attorneys at advice for solving our business risks efficiently, whether you’re law are Computer Science graduates questions or for our consideration.” entering in new partnerships, and highly experienced in handling dealing with unfamiliar jurisdictions, cases relating to automobile and “Above all, we pick Baker McKenzie for developing cutting-edge products or communication technology. international work and due diligence in restructuring your operations. every country. We chose the firm for the quality of its work, but their network is Accolades very useful.” Chambers Global 2020 World’s Best Law Firm Brand” for the 10th consecutive year in the Acritas 2020 Global Elite Brand Index GLOBAL RIDESHARING Our unique solutions Liability Driver distraction, safety & industry regulation Antitrust Consumer protection Dispute resolution Information Telecoms Contact our experts: Contact us now Darryl Bernstein Kate Corby Web: www.bakermckenzie.com Partner Partner Johannesburg London +27 119 114 367 +44 20 79191966 Darryl.Bernstein@ Kate.Corby@ baker.mckenzie.com bakermckenzie.com Ulrich Ellinghaus Raffaele Giarda Yaeko Hodaka Partner Partner Partner Frankfurt Rome Tokyo +49 69 2 99 08 251 +39 06 44 063 224 +81 3 6271 9461 Ulrich.Ellinghaus@ Raffaele.Giarda@ Yaeko.Hodaka@ bakermckenzie.com bakermckenzie.com bakermckenzie.com Zhenyu Ruan Michael Stoker Daisuke Tatsuno Shangai Partner Partner +86 21 6105 8577 Chicago Tokyo Zhenyu.Ruan@ +1 312 861 2870 +81 3 6271 9479 bakermckenziefenxun.com Michael.Stoker@ Daisuke.Tatsuno@ bakermckenzie.com bakermckenzie.com.
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