Vision 2020: Car sharing drives towards new heights

Frost & Sullivan's is holding an online complimentary Analyst Briefing to shed light on the key factors influencing car sharing growth in cities and the market size potential. The briefing starts at 0400 GMT on 20 November. Speakers are Frost & Sullivan Industry Principal (Mobility) Martyn Briggs and Zipcar general manager (UK) Mark Walker.
November 14, 2014 Read time: 2 mins
2097 Frost & Sullivan's is holding an online complimentary Analyst Briefing to shed light on the key factors influencing car sharing growth in cities and the market size potential.

The briefing starts at 0400 GMT on 20 November.

Speakers are Frost & Sullivan Industry Principal (Mobility) Martyn Briggs and 3874 Zipcar general manager (UK) Mark Walker.

Over the past decade, London has become Europe's primary car sharing (car clubs) market, second globally only to New York. Over 140,000 Londoners use station-based car sharing services, which deliver many sustainability benefits to the city. Frost & Sullivan has recently published a report on car sharing and its potential for the city of London, commissioned by Zipcar UK.

"The Vision 2020 project was commissioned by Zipcar UK to quantify this potential for London. It identified several common benefits that will be of interest to car club operators, cities, transport operators, and all stakeholders considering the car sharing market potential in an urban environment," explains Martyn Briggs.  "In addition to that, policy support can accelerate growth of the sector."

According to Carplus, the national car sharing association, car sharing members use fewer cars, with each car sharing car removing 17 privately owned cars from the road, and members driving 57 percent fewer miles than the London average. With increasing mobility challenges in London owing to the projected 14 percent population increase over the next decade, car sharing and other innovative mobility business models need to deliver their full potential to alleviate the increasing congestion and pollution in London.

"This research shows that the car sharing market in London has the potential for tremendous growth, subject to the implementation of targeted policy support and a framework for the scaled entry of new car sharing business models in our city," concludes Briggs.

A live, interactive question and answer session will follow the briefing. The project team will be available to answer questions about the approach and their views on the car sharing market in London and beyond.

For more information on companies in this article

Related Content

  • Long-range electric vehicles ‘set to gain popularity globally’
    April 22, 2015
    According to new analysis from Frost & Sullivan, the global electric vehicles (EV) market has made huge progress, with more than 55 models now available globally. Currently, over 70 per cent of the models on the market are battery EVs (BEVs) and approximately 25 per cent are plug-in hybrid EVs (PHEVs). Nevertheless, the number of PHEVs is likely to increase over the next three to four years. The market will see greater demand for longer-range vehicles that allow customers to drive up to and past the pure EV
    Read More
  • White paper examines ITS application across four major cities
    December 19, 2017
    Frost & Sullivan and Isbak have released a white paper examining how intelligent transportation systems (ITS) used in Singapore, London, New York and Istanbul are being used on existing roadways to reduce congestion and emissions efficiently. The paper provides an in-depth analysis of transportation policies, implementation methods, best practices and challenges for key cities and how commuters, city management councils and the environment could benefit from ITS implementation.
    Read More
  • Connected and self-driving cars ‘poised for growth’
    April 13, 2015
    Autonomous vehicles will enter mass production by 2020 as more and more major auto makers in recent years have committed to their R&D, according to Topology, a division of TrendForce. Furthermore, the scale of the market will likely surpass a million vehicle mark by 2035. Eric Chang, analyst for Topology, stated the future development of autonomous vehicles will depend on the following technologies: sensors for reading biological data inside vehicle and environmental data outside; communication technology;
    Read More
  • Authorities look to MaaS for new solutions and cost savings
    July 18, 2017
    The structure of society and the way in which our cities work will be completely transformed by Mobility as a Service (MaaS), Finland’s minister of transport and communications Anne Berner, told ITS International’s recent MaaS Market conference 2017 in London. In her keynote address, Berner told a packed audience of more than 200 ITS professionals that MaaS has the potential to help governments around the world meet their big city targets such as the rate of employment, the environment, the efficient use of
    Read More

Highlighted Content