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

  • Telvent solution to be deployed in Oran, Algeria
    January 31, 2012
    Isolux-Corsan has awarded Telvent a contract to implement its SmartMobility Light Rail solution for a new light rail system in the Algerian city of Oran. Comprising 32 stations along its 18-kilometre route, the new light rail system is scheduled to begin operating by 2011.
  • Demand-responsive transport keeps things flexible
    July 20, 2023
    Mobility needs change: Elena Ziller of OpenMove explains why demand-responsive transport is emerging as a hot mobility trend – and why it’s not without challenges
  • New York’s Central Avenue to trial LED street lights
    July 12, 2016
    The New York State Energy Research and Development Authority (NYSERDA) and the New York State Department of Transportation (NYSDOT) are to install LED street lights on a section of Central Avenue in Colonie, Albany County, in a bid to enhance visibility and safety, as well as reduce energy costs.
  • Keolis Amey Docklands to run Docklands Light Railway until 2021
    July 10, 2014
    Transport for London (TfL) has named Keolis Amey Docklands as the new franchisee of the Docklands Light Railway (DLR) to operate and maintain the network until April 2021, with an option for this to be extended until 2023. Around 100 million passenger journeys are made on the DLR network annually and this new contract, with a value in excess of US$1.2 million, will commence on 7 December 2014 and will see Keolis Amey Docklands work with TfL to ensure that passengers continue to see improvements to thei