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New Urban Mobility Technology Study finds 93% of U.S. cities are preparing for driverless vehicles within fivesome eld – Journal Today Web

Verra Mobility polled municipality profession body who mutual how they are turning to profession to manoeuver subverter installation trends such as AI, EVs, and adjoining vehicles patch rising agency safety

MESA, Ariz., June 26, 2024 /PRNewswire/ — Verra Mobility Corporation (NASDAQ: VRRM), a directive bourgeois of sharp mobility profession solutions, today free findings from a newborn urban mobility profession report which institute that nearly every U.S. municipalities (93%) look they module requirement to be primed for driverless free vehicles on their streets within fivesome years.

In addition, 52% of municipality profession body surveyed would poverty to ingest staged info (AI) to refer agency country priorities.

Verra Mobility’s analyse of profession body from cities of every sizes crossways the U.S., examined how they are navigating subverter mobility school trends such as autonomous, connected, automobile and mutual (ACES) vehicles. The survey, conducted by Wakefield Research, also examined how cities are utilizing data, deploying modern country profession to turn roadway fatalities and their hopes for AI-powered solutions.

“This think confirms that cities are equalisation whatever challenges during this elating transformation punctuation in the installation industry, and profession is at the hunch of the solution,” said king Roberts, President and CEO, Verra Mobility. “Autonomous, connected, automobile and mutual mobility elements hit already arrived in whatever modify and are continuing to evolve. While AI shows a aggregation of promise, our analyse revealed cities are ease struggling to amass or dissect the accumulation they requirement to attain conversant mobility decisions. City profession body requirement to command these trends at a important instance when fatalities on U.S. anchorage are at a nearly 16-year high.”

Other insights from the analyse included:

  • Safety: 55% of municipal school body hit “reducing agency country incidents” as a crowning 3 antecedency for tech-based solutions.
  • Electric Vehicles: 43% inform their powerfulness has deprioritized hold for EV stock because consumer obligation for the profession hasn’t kept up with predictions.
  • Connected Vehicles: 81% look whatever systems module requirement to be updated before they’re primed to combine adjoining vehicles profession into their mobility initiatives.
  • Shared Vehicles: The flow of e-bikes, e-scooters, and another mutual vehicles has complicated technology-focused mobility efforts for 84% of municipalities.
  • Data: 73% grappling psychotherapy barriers that preclude them from using their accumulation to compel or meliorate their mobility and country initiatives.

“While analyse respondents indicated the solicitation in preparing for AVs, the actuality is there module be human-driven vehicles on our anchorage for decades to come,” said Roberts. “And modify as AVs embellish a more ordinary fixture on our roads, we’ll conceive newborn country challenges as manlike drivers interact with modern machines. Our analyse findings accent the requirement for municipality leaders, moving manufacturers, profession providers and country advocates to embellish unitedly to encounter structure to attain installation easier, more economical and such safer than it is today.”

Methodology

The analyse was conducted by Wakefield Research between May 1 and May 8, 2024, using an telecommunicate invitation and an online survey. Wakefield surveyed 100 Municipal CIOs and Deputy CIOs, who addicted they impact on or are old with mobility or installation attendant topics. solon than one-third of respondents represented cities with populations of more than 250,000.

To download the flooded report, visit: https://www.verramobility.com/survey-urban-mobility-technology-2024

About Verra Mobility

Verra Mobility Corporation (NASDAQ: VRRM) is a directive bourgeois of sharp mobility profession solutions that attain installation safer, smarter and more connected. The consort sits at the edifice of the mobility ecosystem, transfer unitedly vehicles, hardware, software, accumulation and grouping to enable safe, economical solutions for customers globally. Verra Mobility’s installation country systems and parking direction solutions protect lives, meliorate cityfied and motorway mobility and hold better communities. The consort also solves Byzantine payment, utilization and deference challenges for fast owners and property automobile companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, gratify visit www.verramobility.com.

Forward Looking Statements

We exposit whatever of the trends and another factors that impart our playing and forthcoming results in this advise release. Such discussions include forward-looking statements within the message of Section 21E of the Securities Exchange Act of 1934, as revised (the “Exchange Act”). Forward-looking statements are those that come activities, events, or developments that direction intends, expects, projects, believes or anticipates module or haw become in the future. They are supported on management’s assumptions and assessments in reddened of instance undergo and trends, underway scheme and playing conditions, due forthcoming developments and another germane factors. They are not guarantees of forthcoming performance, and actualised results, developments and playing decisions haw dissent significantly from those envisaged by our forward-looking statements. We do not consent to update or reorganise some of our forward-looking statements, eliminate as required by practical securities law. Our forward-looking statements are also person to touchable risks and uncertainties that crapper change our action in both the near-and long-term. In addition, no sureness crapper be presented that some plan, initiative, projection, goal, commitment, expectation, or individual ordered forward in this advise promulgation crapper or module be achieved. These forward-looking statements should be thoughtful in reddened of the aggregation included in this advise release, our Form 10-K and another filings with the Securities and Exchange Commission. Any forward-looking plans described herein are not test and haw be restricted or forsaken at some time.

Additional Information

We periodically wage aggregation for investors on our joint website, www.verramobility.com, and our investor relations website, ir.verramobility.com.

We impart to ingest our website as a effectuation of disclosing touchable non-public aggregation and for compliant with revealing obligations low Regulation FD. Accordingly, investors should guardian our website, in constituent to mass the Company’s advise releases, SEC filings and open word calls and webcasts.

 

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SOURCE Verra Mobility

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