The urban population is growing at an exponential rate throughout the world leading to the problems related to swift and speedy mobility or issues caused by convectional mobility options. This study illustrates and explores the new ways to transport people specially taking into account the self-driving cars concept and discusses the concept of mobility 4.0 (smart / intelligent mobility) and briefly highlights the technological aspects of autonomous vehicles, adaptation advantages and progress in laws and legislations of autonomous vehicle. The study is primarily qualitative and relies on the work of previous researcher, technical reports and blogs but the part of this study is quantitative where empirical data was collected from the experts in a conference held by BBG Austria. The result of the studies shows adaptation readiness of Austrian professional market and business prospects associated with autonomous vehicles Moreover, different business models are suggested, which could be adopted to incorporate the driverless vehicles in day-to-day life of an individual living in urban environment. The models basically suggest that the adaptation of the technology would help curbing transport externalities especially external cost associated to transportation of each individual; which includes congestion, accident, infrastructure costs and environmental costs which are incurred by least efficient conventional cars and would also help shrinking the diseases like premature mortality, aggravation of respiratory as well as cardiovascular disease and sleep disturbance which are the result of city level congestion and pollution. (author's abstract) / Series: Schriftenreihe des Instituts für Transportwirtschaft und Logistik - Verkehr
| Identifer | oai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:4633 |
| Date | 08 1900 |
| Creators | Azmat, Muhammad |
| Publisher | Institut für Transportwirtschaft und Logistik, WU Wien |
| Source Sets | Wirtschaftsuniversität Wien |
| Language | English |
| Detected Language | English |
| Type | Paper, NonPeerReviewed |
| Format | application/pdf |
| Rights | Creative Commons: Attribution 4.0 International (CC BY 4.0) |
| Relation | https://www.researchgate.net/profile/Muhammad_Azmat4, http://epub.wu.ac.at/4633/ |
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