Less ownership and more car-sharing improves urban spaces

Reducing private vehicle ownership could boost sustainability, help consumers with their finances, and promote electrification. By Will Girling

In 2021, Global Market Insights valued the global car-sharing market at around US$2bn, with the potential to surpass US$6.7bn by 2027 (CAGR of 20%). This makes it the second most profitable form of shared mobility today—behind only ride-hailing services, which are forecasted to reach almost US$100bn by the same year.

However, Oliver Reppert, Chief Executive of German car-sharing platform Share Now, tells Automotive World that car-sharing has a uniquely valuable contribution to the transformation of mobility. From introducing consumers to electric vehicles (EVs) in an affordable way to improving urban spaces themselves, he believes car-sharing will change ownership paradigms for the better.

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