Skip to main content

Global number of car sharing users to reach 650 million by 2030

Car and ride sharing is just one example of the new on-demand economy allowing real-time matching of supply and demand through connected smartphone applications. According to ABI Research, successive forms of vehicle sharing approaches represent paradigm shifts in uptake and popularity; each new generation seeing adoption rates at least an order of magnitude larger than the previous: Car sharing 1.0 - street rental service: Cars parked on the street can be located, unlocked, used, and left behind. Examples
March 12, 2015 Read time: 2 mins
RSSCar and ride sharing is just one example of the new on-demand economy allowing real-time matching of supply and demand through connected smartphone applications. According to 5725 ABI Research, successive forms of vehicle sharing approaches represent paradigm shifts in uptake and popularity; each new generation seeing adoption rates at least an order of magnitude larger than the previous:
 
Car sharing 1.0 - street rental service: Cars parked on the street can be located, unlocked, used, and left behind. Examples include 3874 Zipcar, 4190 car2go and 6452 DriveNow.
 
Car sharing 2.0 - ride sharing taxi service and carpooling: Private drivers picking up customers using their privately owned vehicles. Examples are Uber, Lyft, Sidecar, Carpooling.com and BlaBlaCar.
 
Car sharing 3.0 - robotic car service: Driverless cars which can be called remotely and used without a driver on board.
 
“While 1.0 allows sharing vehicles from a centrally managed fleet and 2.0 leverages the personal vehicles of individuals, 3.0 will combine both models—a hybrid between the old economy of official fleets and the new sharing economy, firmly rooted in the crowd sourcing paradigm. While Uber-like 2.0 services already start challenging car ownership, only the third generation of shared driverless cars will propel the ‘car as a service’ paradigm into the mainstream hereby transforming the automotive industry,” says VP and practice director Dominique Bonte.
 
In the meantime, the report says pioneering car sharing 2.0 companies like Uber are operating at the ‘edge of the law’, facing multiple regulatory, legal, social, security and safety challenges, thereby pushing reforms and paving the way for the new car sharing ecosystem of the future.
 
Uber’s surge pricing approach, adopting higher rates during peak times incentivising more Uber drivers to take to the road and guaranteeing availability, also risks being banned. It is just another example of innovation ahead of its time, using dynamic demand-response pricing as an effective transportation and traffic management instrument.

For more information on companies in this article

Related Content

  • Navtech Radar showcases AID radar at Traffex
    April 16, 2015
    Navtech Radar is teaming up with business partner P Ducker Systems (PDS) to showcase their CTS350 radar at Traffex 2015. The CTS350 is small, lighter than previous models, and easy to install and commission and, according to the companies, gives very low numbers of false alarms – typically one per 1 km per 24 hours. It is also widely used in geographical regions where inclement weather – rain, fog, snow, sand and dust is common. Ryan Hood, sales and marketing director of Navtech Radar explains, “Our
  • Siemens tops ABI Research’s traffic management systems vendor ranking
    February 5, 2015
    Siemens ranks first in ABI Research’s latest competitive assessment, Smart Transportations Market Research, which evaluates traffic management systems hardware, software, solution, and data providers. It performs strongly on innovation criteria across the board, with an extensive portfolio for traffic monitoring and video surveillance, operations and management centres, modelling and planning, intelligent traffic lights, digital signage, and dynamic tolling. It also scores high on implementation criteria
  • C/AVs could mean cheaper roads
    October 28, 2019
    The safety benefits of C/AVs have long been promoted – but research suggests they should also contribute to cheaper roads. David Crawford investigates the potential benefits in infrastructure costs Building narrower freeway lanes to accommodate the enhanced route-tracking capabilities of connected and autonomous vehicles (C/AVs), running in platoon conditions, could result in cost savings of £0.5 million (€0.56 million or US$6.5 million) for every km of road length built. Such benefits could be secur
  • IBTTA congratulates Anthony Foxx on his confirmation as DOT Secretary
    June 28, 2013
    The International Bridge, Tunnel and Turnpike Association (IBTTA) congratulated Anthony Foxx after the US Senate voted to confirm him as the next Secretary of the US Department of Transportation. Patrick D Jones, executive director and CEO of the worldwide association representing toll facility owners and operators and the businesses that serve them, said: “IBTTA congratulates Secretary Foxx on his confirmation today as the next US Secretary of Transportation. Secretary Foxx’s leadership comes at a time whe