12M carsharing users predicted by 2020, today it's 2.3M
09-17-13, 06:39 PM
#1
12M carsharing users predicted by 2020, today it's 2.3M
12M carsharing users predicted by 2020, today it's 2.3M
Carsharing has been around since the 1990s, but, not surprisingly, it has seen rapid growth ever since the economy started to tank back in 2008. The increasingly popular short-term car rental solution is a great tool for people in large, urban cities, and according to a study from Colorado-based Navigant Research, the number of carshare participants will continue to climb from today's 2.3-million users to more than 12 million by the end of the decade.
With 810,000 members, ZipCar is perhaps the globe's biggest and most well-known carshare company, but it has its competitors, and we wouldn't be surprised to see more companies join the fray with the expected increase also bringing the potential for more profit. The study goes on to predict that carsharing revenues will swell from $1 billion this year to around $6.3 billion by 2020.
Carsharing Services Will Surpass 12 Million Members Worldwide by 2020
August 22, 2013
As an alternative or a supplement to personal vehicle ownership, carsharing provides drivers with convenient and affordable access to a range of vehicles on an hourly or daily basis. Enjoying rapid growth since the 1990s, the carsharing market has grown from an informal network of small companies and organizations to a market driven by major multinational corporations. According to a new report from Navigant Research, worldwide membership in carsharing programs will grow from 2.3 million in 2013 to more than 12 million by 2020.
"Carsharing 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," says Lisa Jerram, senior research analyst with Navigant Research. "In addition, carsharing is viewed by both public and private entities as a powerful tool to reduce urban congestion and lower emissions of greenhouse gases."
The growth of the carsharing market, however, will continue to be limited by the perceived inconvenience of not privately owning a vehicle. Additionally, consumer attitudes about cars as symbols of status, success, privacy, and freedom persist. Most importantly, according to the report, this market is constrained by the ability of carsharing companies to achieve sufficient revenue per vehicle in order to create a sustainable, profitable business.
The report, "Carsharing Programs", examines the evolution of carsharing services in regions around the world. The study examines the key drivers and barriers to continued expansion, as well as the societal benefits of carsharing. Market forecasts for vehicle demand due to carsharing programs, reduced personal vehicle acquisition, and revenue from carsharing services by region extend through 2020. The report also reviews market segmentation and key logistical considerations, and provides short profiles of the top companies involved in the carsharing industry. An Executive Summary of the report is available for free download on the Navigant Research website.
* The information contained in this press release concerning the report, "Carsharing Programs," is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
August 22, 2013
As an alternative or a supplement to personal vehicle ownership, carsharing provides drivers with convenient and affordable access to a range of vehicles on an hourly or daily basis. Enjoying rapid growth since the 1990s, the carsharing market has grown from an informal network of small companies and organizations to a market driven by major multinational corporations. According to a new report from Navigant Research, worldwide membership in carsharing programs will grow from 2.3 million in 2013 to more than 12 million by 2020.
"Carsharing 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," says Lisa Jerram, senior research analyst with Navigant Research. "In addition, carsharing is viewed by both public and private entities as a powerful tool to reduce urban congestion and lower emissions of greenhouse gases."
The growth of the carsharing market, however, will continue to be limited by the perceived inconvenience of not privately owning a vehicle. Additionally, consumer attitudes about cars as symbols of status, success, privacy, and freedom persist. Most importantly, according to the report, this market is constrained by the ability of carsharing companies to achieve sufficient revenue per vehicle in order to create a sustainable, profitable business.
The report, "Carsharing Programs", examines the evolution of carsharing services in regions around the world. The study examines the key drivers and barriers to continued expansion, as well as the societal benefits of carsharing. Market forecasts for vehicle demand due to carsharing programs, reduced personal vehicle acquisition, and revenue from carsharing services by region extend through 2020. The report also reviews market segmentation and key logistical considerations, and provides short profiles of the top companies involved in the carsharing industry. An Executive Summary of the report is available for free download on the Navigant Research website.
* The information contained in this press release concerning the report, "Carsharing Programs," is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
09-19-13, 04:44 AM
#5
Lexus Fanatic
iTrader: (20)
good for cities, and can be a lot less expensive for many.
09-20-13, 05:03 PM
#7
California establishes ridesharing rules, including background checks
California establishes ridesharing rules, including background checks
It is a time for new rules. On top of the EPA's proposed regulations for coal power plants, there are reports out of California that the ridesharing industry will need to sit down and digest a new 76-page rule document. The California Public Utilities Commission (CPUC) has approved ridesharing regulations that will codify the emerging peer-to-peer transportation networks in the state, Techcrunch reports.
Last year, things looked a lot different, with the CPUC sending Lyft a cease-and-desist letter. Following the new regulations, Lyft co-founders John Zimmer and Logan Green wrote on their company blog to thank their supporters and to say that, "We'll now be able to look back in 10 years knowing that today was a milestone that paved the way for our generation's peer economy."
The new rules, which affect not only Lyft but also other ridesharing companies like SideCar, InstantCab and Uber, are focused on safety. The CPUC used to refer to these companies as "New Online-Enabled Transportation Services" (NOETS) but has now changed the acronym to TNC, for "Transportation Network Company." California TNC's now need to get a license from the CPUC and conduct a criminal background check on each driver. TNC's also need to establish a driver training program and have a big 'ole commercial liability insurance policy. Oh, and drunk stoners need not apply to be drivers. The CPUC's press release and 76-page decision document is embedded below.
The time is right to put some order in the (potential) chaos. While major automakers and independent start-ups are offering a lot of carsharing options – from BMW with DriveNow to Daimler with Car2go to Zipcar - the rideshare universe has been a lot less organized.
http://green.autoblog.com/2013/09/20...-background-c/
It is a time for new rules. On top of the EPA's proposed regulations for coal power plants, there are reports out of California that the ridesharing industry will need to sit down and digest a new 76-page rule document. The California Public Utilities Commission (CPUC) has approved ridesharing regulations that will codify the emerging peer-to-peer transportation networks in the state, Techcrunch reports.
Last year, things looked a lot different, with the CPUC sending Lyft a cease-and-desist letter. Following the new regulations, Lyft co-founders John Zimmer and Logan Green wrote on their company blog to thank their supporters and to say that, "We'll now be able to look back in 10 years knowing that today was a milestone that paved the way for our generation's peer economy."
The new rules, which affect not only Lyft but also other ridesharing companies like SideCar, InstantCab and Uber, are focused on safety. The CPUC used to refer to these companies as "New Online-Enabled Transportation Services" (NOETS) but has now changed the acronym to TNC, for "Transportation Network Company." California TNC's now need to get a license from the CPUC and conduct a criminal background check on each driver. TNC's also need to establish a driver training program and have a big 'ole commercial liability insurance policy. Oh, and drunk stoners need not apply to be drivers. The CPUC's press release and 76-page decision document is embedded below.
The time is right to put some order in the (potential) chaos. While major automakers and independent start-ups are offering a lot of carsharing options – from BMW with DriveNow to Daimler with Car2go to Zipcar - the rideshare universe has been a lot less organized.
CPUC ESTABLISHES RULES FOR TRANSPORTATION NETWORK COMPANIES
SAN FRANCISCO, Sept. 19, 2013 -- The California Public Utilities Commission (CPUC) today took action to ensure that public safety is not compromised by the operation of transportation services that use an online-enabled platform to connect passengers with drivers who use their personal, non-commercial vehicles.
The CPUC determined that companies such as Lyft, SideCar, and UberX are charter party passenger carriers subject to CPUC jurisdiction. The CPUC created the category of Transportation Network Company (TNC) to apply to companies that provide prearranged transportation services for compensation using an online-enabled application (app) or platform to connect passengers with drivers using their personal vehicles.
The CPUC established 28 rules and regulations for TNCs. The rules include the requirements that TNCs must: Obtain a license from the CPUC to operate in California;
Require each driver to undergo a criminal background check;
Establish a driver training program;
Implement a zero-tolerance policy on drugs and alcohol;
Hold a commercial liability insurance policy that is more stringent than the CPUC's current requirement for limousines, requiring a minimum of $1 million per-incident coverage for incidents involving TNC vehicles and drivers in transit to or during a TNC trip, regardless of whether personal insurance allows for coverage; and,
Conduct a 19-point car inspection.
A second phase of this proceeding will review the CPUC's existing regulations over limousines and other charter party carriers to ensure that public safety rules are up to date and responsive to the needs of today's transportation market.
"The CPUC is at the forefront of leadership in crafting new safety based regulations for a rapidly emerging industry," said CPUC President Michael R. Peevey, the lead Commissioner for this proceeding. "The rules we created today allow Transportation Network Companies to compete with more traditional forms of transportation and for both drivers and consumers to have greater choice within the transportation industry."
"Our decision emphasizes safety as a primary objective, while fostering the development of this nascent industry," said Commissioner Mark J. Ferron. "We have specified our expectations for the attributes of insurance. Now the insurance market will determine the best approach to ensure that there is coverage for passengers, drivers, and third-parties at all times while these vehicles are operating on a commercial basis."
The proposal voted on is available at http://docs.cpuc.ca.gov/PublishedDoc...2/77112285.PDF
For more information on the CPUC, please visit www.cpuc.ca.gov.
SAN FRANCISCO, Sept. 19, 2013 -- The California Public Utilities Commission (CPUC) today took action to ensure that public safety is not compromised by the operation of transportation services that use an online-enabled platform to connect passengers with drivers who use their personal, non-commercial vehicles.
The CPUC determined that companies such as Lyft, SideCar, and UberX are charter party passenger carriers subject to CPUC jurisdiction. The CPUC created the category of Transportation Network Company (TNC) to apply to companies that provide prearranged transportation services for compensation using an online-enabled application (app) or platform to connect passengers with drivers using their personal vehicles.
The CPUC established 28 rules and regulations for TNCs. The rules include the requirements that TNCs must: Obtain a license from the CPUC to operate in California;
Require each driver to undergo a criminal background check;
Establish a driver training program;
Implement a zero-tolerance policy on drugs and alcohol;
Hold a commercial liability insurance policy that is more stringent than the CPUC's current requirement for limousines, requiring a minimum of $1 million per-incident coverage for incidents involving TNC vehicles and drivers in transit to or during a TNC trip, regardless of whether personal insurance allows for coverage; and,
Conduct a 19-point car inspection.
A second phase of this proceeding will review the CPUC's existing regulations over limousines and other charter party carriers to ensure that public safety rules are up to date and responsive to the needs of today's transportation market.
"The CPUC is at the forefront of leadership in crafting new safety based regulations for a rapidly emerging industry," said CPUC President Michael R. Peevey, the lead Commissioner for this proceeding. "The rules we created today allow Transportation Network Companies to compete with more traditional forms of transportation and for both drivers and consumers to have greater choice within the transportation industry."
"Our decision emphasizes safety as a primary objective, while fostering the development of this nascent industry," said Commissioner Mark J. Ferron. "We have specified our expectations for the attributes of insurance. Now the insurance market will determine the best approach to ensure that there is coverage for passengers, drivers, and third-parties at all times while these vehicles are operating on a commercial basis."
The proposal voted on is available at http://docs.cpuc.ca.gov/PublishedDoc...2/77112285.PDF
For more information on the CPUC, please visit www.cpuc.ca.gov.
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09-21-13, 08:33 PM
#10
Never heard of them until this thread, I guess because I live in the South. I was surprised Houston, Tx didn't have "Zipcar" but Atlanta, Ga does.. The rates are pretty decent if you only need a car sporadically but if you need a car every other day or on a consistent basis, it can be quite expensive (even more than owning a car) I really don't see much value in it unless you only need a car for 1 day a week or a few hours a week, anything above this usage is way overpriced.
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