For the project “Employment effects of sustainable mobility in Germany until 2035”, M-Five analysed how the economic situation of public transport was before the pandemic. Possible futures of public transport were described in two sustainability scenarios: in one case, the upswing of electromobility on the road and in the environmental alliance, in the other case, the expansion of rail into a surface railroad with connecting mobility in public transport and through new mobility services. On this basis – and in view of the prevailing crisis – regulatory design options are proposed.