In comparison with existing modes, Maglev technology is a better way of moving people and freight because it has a long service life and is faster, safer, cheaper and less congested. Maglev also saves energy because of its high efficiency and lack of pollution emission. However, Maglev guideways cost more than the conventional railway tracks. The lack of existing infrastructure is also a disadvantage.
Maglev guideways require minimal maintenance because of the lack of mechanical contact between the train car and guideway, as well as the uniform distribution of load. Maglev vehicles run on electricity, and even after factoring in the costs of producing the needed electricity and the emissions during the production process, they are more cost efficient and cleaner for the environment than the conventional modes of travel. They are also quieter, and the guideways are narrow and unobtrusive, making Maglev a good fit for urban and suburban areas. In addition, because of the elevated guideways and controllable speed, there is almost no possibility of collisions with Maglev. Also, the Maglev guideways last for 50 years or more. However, Maglev isn't commercially viable because the vehicles cannot run on the existing railway tracks. In comparison, high-speed trains can run on both the high-speed tracks and standard tracks, which increases their viable service area.