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

  • May 15, 2015
    Future mobility trends on display at ITS America annual meeting
    From point-to-point car-sharing to tech-enabled shuttles and other new forms of “micro-transit,” there is no shortage of innovation happening in today’s transportation industry. At the ITS 2015 Annual Meeting & Expo, the Shared-Use Mobility Centre (SUMC) will be coordinating a can’t-miss session featuring four leaders who are driving advancements in shared mobility - Kaye Ceille, President, Zipcar; Joseph Kopser, CEO/Founder, RideScout; Ryan Rzepecki, CEO/Founder, Social Bicycles; and Jennifer Krusius, Pitt
  • September 11, 2020
    Uber clean-up - those all-important facts and figures
    Ride-hailing giant says it can switch to all-electric vehicles 'in any major city' by 2030
  • March 13, 2012
    89 million insurance telematics subscribers by 2017
    According to new research by ABI Research, insurance telematics users will grow at a CAGR of 90 per cent from 1.85 million in 2010 to 89 million in 2017.
  • January 6, 2015
    Big data, virtualisation to dominate smart transportation says ABI Research
    ABI Research’s latest report, Smart Transportation Market Research, covers ITS data, physical roadside transportation infrastructure virtualisation technologies and a systems approach to transportation management, as well as relevant connectivity, analytics, cloud platform, security and identity technologies. Traditional smart transportation approaches to address traffic congestion, safety, pollution, and other urbanisation challenges are expected to hit scalability and efficiency obstacles by the end of