How Does Car Sharing Help To Prevent Environmental Degradation?

In Europe, car is the most common mode of commutation. But, if we talk about the occupancy rate, it is only 1.7 persons/car. But the great news is that growing number of people in EU are bettering the environment by accepting carsharing schemes to reduce the usage of cars, parking spaces, vehicle emissions, road safety, improved air quality, and also to encourage greener transportation methods.

What is car sharing? And its Benefits. 

Car sharing is using a car owned by another person or company in exchange for a certain some of money on the basis of time and/or distance. Carsharing is more popular because of its social, environmental, financial and commercial purposes.

Car-sharing is Cost Efficient

The facility provided by free-floating car-sharing is very much reasonable. Daily, hourly, and minute charges for car-sharing are quite cheap when compared to the charges of conventional car rental methods.  You need to pay only for the duration taken for reaching your destination, and not the rent for whole day, as is the case with conventional car rental

Car-Sharing is Eco-Friendly 

Car-sharing has a lot to do with reducing air pollution, congestion and lack of parking spaces. Every person driving on the roads of the cities and towns is well aware of the pain.

Every car-sharing vehicle substitutes around ten to twelve private cars in the mega cities, which gives more space for living. If we talk about Berlin, over 11,000 sqm of parking area is freed up, in Munich, it is above 5,700 square metres.

Future of Car sharing 

The future of car sharing is very bright as, this concept will lower the requirement the need for keeping a car in cities and towns. In the years to come, with the help of AI, shared cars can become driverless. After the end of the trip, the car can come back or can go to the next customer who has booked for a carsharing through an application or some other means.

The presence of helpful government policies is the main reason for the acceptance of carsharing facilities in the region, which is powering the growth of the carsharing services in Europe.

 

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Unprecedented Growth Expected in European Carsharing Market in Future

The presence of favorable government policies and measures in many European countries and cities is one of the important factors responsible for the soaring adoption of carsharing services in Europe. For instance, the Mayor of London announced, in 2018, his plans of building public parking spaces in the city that would significantly reduce the private ownership of cars and facilitate car parking in the city. Similarly, the Mayor of Paris announced, in April 2017, her plans of making the city the first post-car city in the world.

Powered by the above-mentioned factors, the European carsharing market is predicted to register huge growth in the coming years. The most widely used types of cars in the carsharing services in the region are—luxury, executive, and economy class cars. Out of these, the adoption of economy class vehicles was found to be the highest in the carsharing services in Europe in the past. This is mainly credited to the higher fuel efficiency and lower requirement of maintenance services in these cars.

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One of the prominent trends currently being observed in the European carsharing market is the rising deployment of electric vehicles in the carsharing fleets by the carsharing service providing companies in Europe. EVs are being increasingly adopted in carsharing services, on account of the global warming and environmental damage caused by the emissions from the fossil-fuel powered cars. Moreover, the electric cars require lesser maintenance and have lower total cost of ownership (TCO) as compared to the conventionally used vehicles and are thus, being increasingly preferred in carsharing services.

Hence, it can be said with full surety that the demand for carsharing services will shoot-up across Europe in the coming years, owing to the increasing road congestion in several European cities, rising popularity of shared mobility solutions, and the presence of numerous government policies supporting the adoption of carsharing services in the European countries.

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Market Segmentation:

Based on Car Type

• Economy
• Executive
• Luxury

Based on Propulsion

• Electric
• Fuel-Based

Based on Model

• Peer-to-Peer (P2P)
• Round-Trip
• One-Way Trip

Based on Application

• Business
• Private

Geographical Analysis

• Germany
• U.K.
• France
• Italy
• Spain
• Netherlands
• Rest of Europe

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