The Future of Mobility

Learn more about how we cultivate and harness world-class intellectual capital and expertise to solve our clients’ most complex challenges.

What We Do

We harness every resource, insight, relationship, and competitive advantage to drive superior results for our clients.

Serving Clients

Analysis and perspectives on the global economy and markets, from across Goldman Sachs

Insights

Our award-winning podcast features Goldman Sachs leaders on the key issues shaping the global economy.

Goldman Sachs Exchanges

We aspire to be the world’s most exceptional financial institution.

Our Firm

We help entrepreneurs create jobs and economic opportunity through rigorous business education programs, access to capital, and networking.

10,000 Small Businesses

There are many chapters in a career. There is only one Goldman Sachs.

Careers

Start with the best. Apply for an eight-to-10 week program for future analysts and associates.

2025 Summer Internship

"The Future of Mobility"

"The next 10 years will bring more change to how people and products move than any decade since the invention of the automobile. Emerging technologies and business models like ride-hailing, autonomous driving and delivery, micro-mobility and even eVTOL (flying cars, finally) stand to disrupt profit pools that Goldman Sachs Research estimates exceed $700bn.\r\nThe size of the opportunity has to-date created a hyper-competitive environment marked by massive operating losses, but this “sugar rush” of cheap rides should soon fade as the ecosystem matures. With this, GS Research expects consolidation that will lead to profitability, the establishment of category leaders, and significant opportunities for investors.\r\n"

The next 10 years will bring more change to how people and products move than any decade since the invention of the automobile. Emerging technologies and business models like ride-hailing, autonomous driving and delivery, micro-mobility and even eVTOL (flying cars, finally) stand to disrupt profit pools that Goldman Sachs Research estimates exceed $700bn.
The size of the opportunity has to-date created a hyper-competitive environment marked by massive operating losses, but this “sugar rush” of cheap rides should soon fade as the ecosystem matures. With this, GS Research expects consolidation that will lead to profitability, the establishment of category leaders, and significant opportunities for investors.

READ REPORT

"READ REPORT"

"Equity Research"

Equity Research

"Heath P. Terry, CFA\r\nManaging Director, Global Investment Research, Goldman Sachs\r\nDaniel Powell\r\nAssociate, Global Investment Research, Goldman Sachs\r\nPiyush Mubayi\r\nManaging Director, Global Investment Research, Goldman Sachs\r\nFrank Jarman\r\nManaging Director, Global Investment Research, Goldman Sachs\r\nDavid Tamberrino, CFA\r\nVice President, Global Investment Research, Goldman Sachs\r\nAdam Hotchkiss\r\nAnalyst, Global Investment Research, Goldman Sachs\r\n"

Heath P. Terry, CFA
Managing Director, Global Investment Research, Goldman Sachs
Daniel Powell
Associate, Global Investment Research, Goldman Sachs
Piyush Mubayi
Managing Director, Global Investment Research, Goldman Sachs
Frank Jarman
Managing Director, Global Investment Research, Goldman Sachs
David Tamberrino, CFA
Vice President, Global Investment Research, Goldman Sachs
Adam Hotchkiss
Analyst, Global Investment Research, Goldman Sachs

Accessibility Notice:&nbsp;A&nbsp;<a href="/transcript-requests">transcript is available&nbsp;</a>for any video on this page.