Europe Carsharing Market Analysis by Trends, Size, Share, Growth Opportunities, and Emerging Technologies.

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.

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.

If you own a car you have to bear many expenses that car-sharing eliminates from the equation like insurance, maintenance costs, road tax, potential parking fees, legally required inspections. This has to be done way before you even start driving the car.

Moreover, In Europe, a car owner, on an average spends around than 1,100 Euros every year on fuel. if you add all the other expanses then the owner has to pay around 2,000 Euros every year.
Every car-sharing vehicle substitutes around ten to twelve private cars in the mega cities, which gives more space for living. If we talk about Berlin, over 11,000 sqm of parking area is freed up, in Munich, it is above 5,700 square metres.

Additionally, less eco-friendly and older cars can be swapped with new electric cars and low-emission cars. Vehicles that are used for car sharing purposes, emit lower amount of Carbon Dioxide than an average car in Germany.

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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.