Car sharing members estimated to exceed 12 million members by 2020

Article by Anita Panait, on September 18, 2013

Car sharing services are expected to have over 12 million members globally by 2020, according to a report by Navigant Research. Car sharing services – which only have around 2.3 million members this year – are becoming increasingly popular among younger drivers, thanks to their cheap and easy access to vehicles. As of July 2013, ZipCar Inc. has over 810,000 members and more than 10,000 vehicles in the United States, Canada, the United Kingdom and Spain.According to Navigant Research, global car sharing revenues are expected to reach around $1 billion in 2013, and around $6.2 billion by 2020. 

Lisa Jerram, senior research analyst with Navigant Research, said in a statement that car sharing offers members the “ability to enjoy mobility without the expense and hassle of owning a car, or the need to frequently rent a vehicle from a traditional car rental agency." She added that both public and private entities view car sharing as “a powerful tool” in reducing urban congestion and lowering emissions of greenhouse gases. [source: Autoblog]

Topics: united states

If you liked the article, share on:

Comments

Recommended

Mazda seems too far ahead in Safety technology for having four of its vehicles chosen as the safest on the road. Very recently, the Insurance Institute for Highway Safety has...
by - June 22, 2017
The automotive world is intensely competitive given the growing number of players, but the British car manufacturer is adamantly holding on to its spot. The 2018 Jaguar XF Sportbrake, priced...
by - June 22, 2017
Audi’s all-electric supercar, the R8 e-tron, had been discontinued last October after being in the market for under two years. The electric vehicle was then exclusive to the European market...
by - June 22, 2017
Dodge has made it clear to everyone, including its potential buyers, that the Challenger SRT Demon is a street-legal drag car - that it is unlike any of your ordinary...
by - June 22, 2017
After a number of failed attempts, Tesla finally gets an Arizona dealership license by winning a court battle that allows them to sell directly to consumers. The automotive dealer license...
by - June 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries