Rail market liberalization: competition drives down ticket prices
The answers from most scientific bodies are conclusive, but the debate is not over for some in the industry.
This edition of The Mobility Week in Review explores the positive impact of increased competition on rail prices in Europe, Northvolt’s recent job cuts, the new high-speed rail connection between Paris and Berlin, and Formula 1’s initiatives to minimize its environmental impact.
Let’s dive right in…
🚆 Lower fares fueled by rising competition
Efforts to boost competition in the European rail sector are starting to deliver tangible results. A study released by the European Commission highlights the positive impact of competition in both passenger and freight rail services. The findings show that increased competition in the EU rail market has led to significant reductions in ticket prices for passengers and lower transportation costs for freight.