Car sharing (also known as person-to-person carsharing) is the process whereby existing car owners make their vehicles available for others to rent for short periods. Car sharing is a form of person-to-person lending or collaborative consumption, as part of the sharing economy. The following are the 5 interesting facts you need to know about car sharing.
Increase in corporate car sharing
The meaning of Corporate Car Sharing is simple and straightforward: placing a dedicated fleet of vehicles at company premises for the shared use among its employees. Corporate Car Sharing allows companies to optimize their fleet management and significantly reduce fleet-related costs over the long term. It also allows them to offer their employees an attractive mobility solution.
CAGR 24% for the base year 2019-2026
Car Sharing Market size exceeded USD 2.5 billion in 2019. It grows at a CAGR of over 24% between 2020 and 2026. The implementation of stringent emission regulations by governments across the globe is fueling the adoption of urban mobility solutions, driving the market growth.
Car-Sharing and Ride-sharing are different
Car sharing is usually when the vehicle itself is shared amongst many people.. Ridesharing, on the other hand, is about sharing the route, rather than the vehicle. It’s essentially the same as carpooling, but ride–sharing tends to indicate a more on-demand method and doesn’t require the rider to ever be a driver. Mobokey proves to be a good solution for both car-sharing and ride-sharing companies. As we have seen interest from both the companies.
Increased interest in car-sharing by the auto industry
The auto industry giants like Volvo and Toyota are actively investing in enabling car sharing for their customers. These companies are providing time-limited access just like MoboKey. These features validate the idea of limited time car sharing as well.
First car-sharing company
The first car-sharing company was in Switzerland. Even though it was limited to a few cars and some localities but it set the ground for the companies to come.
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