Future of Mobility & Transportation Tech: Trends & Insights

Vanessa Cook

August 2024

Inefficiencies in the current network make the transportation industry likely to be transformed by disruptive technologies. After all, mobility is expensive: U.S. households spend an average of 15% of their disposable income on transportation, according to the U.S. Bureau of Transportation Statistics.
Several converging technologies can unlock the future of mobility. Better batteries and rapid advancements in AI and computational capabilities are enabling vehicle electrification and autonomy. Is electric aviation, next?
Bank of America Institute's 'Next Gen Tech' series explores 30 breakthroughs across artificial intelligence (AI), computing, robots, communication, healthcare, energy and mobility, that are about to alter our lives.

Read our full analysis for a more in-depth look at these trends.

This publication is part of Bank of America Institute’s ‘Next Gen Tech’ series – focused on sharing 30 breakthrough technologies that will transform the world. Each week, we’ll highlight one of seven categories (artificial intelligence, computing, robots, communication, healthcare, energy and transport), and share advancements within each, so stay tuned for more.

See more from our Next Gen Tech Series

Next Gen Tech: Mobility

Spending momentum has slowed and consumers are more price sensitive, but elevated deposits and positive wage growth offer support.

Technology, material science, chemistry and engineering are converging to mitigate the energy-related challenges ahead.

A rise in hidden costs of homeownership, like property insurance and property taxes, are impacting moves and related spending.