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.

Related Content

  • July 26, 2013
    Global ETC solution revenues to grow to $8.5 billion by 2018
    Global electronic toll collection (ETC) systems revenues are expected to grow from US$4.48 billion in 2013 to US$8.5 billion in 2018, with a CAGR of 14 per cent and North America as the vital region., according to a new report from ABI Research, Electronic Toll Collection: A Key Business Driver for ITS and V2I. The study covers types of ETC (highway, urban, and area tolling), ETC technologies (RFID, DRSC, video, and GNSS/cellular), use cases and benefits, as well as an in-depth review of the main implementa
  • January 3, 2018
    Zipcar deploys car sharing service across eight London Boroughs
    Floating car service Zipcar Flex (Zipcar), which is said to save 54% of transport costs compared to ride-hailing companies, has been made available to 3.5m Londoners across several Boroughs. The 29p per mile solution is designed to provide its members an environmentally friendly alternative to private car ownership and will only charge for the exact time of their trip. Members can use the car for a one-way journey and be dropped off in one of the thousands of spaces available within its Zipzone, which
  • April 19, 2016
    Public transport at the heart of the new mobility world, says UITP
    With space increasingly at a premium in today’s cities, high quality public transport combined with a broader mix of mobility services is the answer to cutting car dependency, according to the latest publication from the International Association of Public Transport (UITP). The document, ‘Public transport at the heart of the integrated mobility solution,’ claims that the key to cutting urban car dependency is an integrated combination of sustainable mobility services. Cities with strong public transport
  • March 20, 2013
    V2V penetration in new vehicles to reach 62% by 2027
    The latest research from ABI Research indicates that vehicle-to-vehicle technology based on Dedicated Short Range Communication (DSRC) using the IEEE 802.11p automotive W-Fi standard will gradually be introduced in new vehicles driven by mandates and/or automotive industry initiatives, resulting in a penetration rate of 61.8% by 2027. ABI Research VP and practice director, Dominique Bonte comments, “While in the US there is a real possibility for a DoT mandate depending on the outcome of the large scale V2X