If you can get 40kms in 45 minutes, then you can live within 40 miles of work and commute in that time. If you could go 400kms, then that becomes your commuting radius. We've seen people spread this way as earlier mechanized transport was invented. IE, average commute times didn't go down because of faster transport, distance traveled (KMs consumed) went up. Total commuting time can even increase as transport gets faster/cheaper.
If I could get to hong kong in 15 minutes, I might go there this afternoon for some dumplings.
That creates some strangeness in transport. You can't really solve transport the way people want, which is to make getting where they're going better/faster. If you could get there faster, more people would be going there (congestion) or maybe you would be living farther away.
This definitely doesn't mean it's not worth innovating, just that predicting how this will play out can be unintuitive.