Despite rising congestion and fuel prices, there are still a certain set of individuals who enjoy driving from daily commutes to long road journeys. Due to the slow economic growth, ownership costs are getting considerably high. To make these journeys more affordable and beneficial and still gain the advantage of using your own car, start sharing a ride.
Private car sharing enhances the individual well-being as well as that of the surrounding environment. The key factors motivating the trend are slow economic growth, significant rise in urbanization, changing environment, traffic congestion, digitalization, shift in societal attitudes and need for networking.
Why a need to increase sharing private travel arises?
Reduce carbon footprint
In Europe, private vehicles alone make up one-eighth of the total CO2 emissions. More cars on the road will lead to more greenhouse gas emissions – contributing to traffic congestion, smog, pollution and climate change.
For every one car shared, five to six cars are taken off the road. On an average, one car emits about six tons of carbon dioxide every year – which means that sharing one car can reduce approximately 30 tons of CO2 every year.
Sharing a car journey with others will help to reduce cars on the street, combat carbon emissions and helps to protect the environment.
Recession has left some of the private households in a financial turmoil. Due to the slow growth, they are still recovering from economic losses. Since then, the trend of sharing has become one of the means of economic recovery.
Throughout Europe, households spent around 527 billion Euros on personal transport equipment like buying fuel, spare parts etc.. Bearing the car ownership costs alone can be really expensive because of the increased fuel prices and maintenance costs.
Sharing the family car helps to save money as users share operating costs like parking fees and fuel prices.
Socialising and networking
Networking is one of the major keys to success – whether to find a job or when looking for business partners or just wanting to meet new people who share the same passion and interests.
There are various digital devices and platforms already existing that provide us with ways to communicate and socialise with others. Through these platforms, they can i.e. find carsharers to match their sharing needs.
Parking congestion has become one of the major issues faced by most of the metropolitan cities. According to a survey conducted by the International Parking Institute, 30% of the city traffic is caused by drivers looking for a parking spot.
Within city centers, due to the limited availability of land, it is nearly impossible to expand parking spaces. Therefore, the only possibility is to manage the existing on-street space in an efficient way.
One of the solutions would be to share private travel – fewer cars on the road may eventually lead to a significant increase in physical parking spots. It not only saves personal time but also makes car more fuel efficient, further possibly translating to more road expansion and better city infrastructure.
Collaborative consumption lifestyle
A fundamental shift in attitudes and willingness to engage in collaborative consumption is changing people’s behaviour and the way they consume.
Mckinsey&Company revealed that the next generation of consumers would still desire car ownership in order to remain mobile and flexible.
Two further emerging trends in the world of the smart mobility are media integration and car sharing – its all about being connected. The neo-consumers like to always be connected irrespective of where they are and what they do.
According to a recent survey, 50% of car owners in mega cities would see themselves sharing their cars with others in future. This does not erode car ownership – it however changes the nature of ownership.
Tell us your opinion: Do you think private households will share their car even when driverless car sharing is effective?
Please note that this article expresses the opinions of the author and does not reflect the views of Move Forward.