Europe Carsharing Market Share, Size, Future Demand, and Emerging...

Europe Carsharing Market Share, Size, Future Demand, and Emerging Trends

Posted 2023-08-02 06:40:13

In Europe, car is the most common mode of commutation. But, if we talk about the occupancy rate, it is only 1.7 persons/car. But the great news is that growing number of people in EU are bettering the environment by accepting carsharing schemes to reduce the usage of cars, parking spaces, vehicle emissions, road safety, improved air quality, and also to encourage greener transportation methods.

What is car sharing? And its Benefits.

Car sharing is using a car owned by another person or company in exchange for a certain some of money on the basis of time and/or distance. Carsharing is more popular because of its social, environmental, financial and commercial purposes.

Browse detailed - Europe Carsharing Market Revenue Estimation and Growth Forecast Report

Future of Car sharing

The future of car sharing is very bright as, this concept will lower the requirement the need for keeping a car in cities and towns. In the years to come, with the help of AI, shared cars can become driverless. After the end of the trip, the car can come back or can go to the next customer who has booked for a carsharing through an application or some other means.

The presence of helpful government policies is the main reason for the acceptance of carsharing facilities in the region, which is powering the growth of the carsharing services in Europe.

It is because of the increasing concerns and awareness about environment, carsharing services will increase like anything in whole of Europe.