Sharing economy

DEFINITION: An economic system in which services and resources are shared, borrowed or rented, often through online transactions, in an effort to save money, reduce costs and cut waste. Prime business examples of the sharing economy include Airbnb, Zipcar and the Uber Pool car sharing scheme.

See also: Servitisation

See also: Circular economy

See also: Access economy

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The Zipcar e-Golfs are available as part of the firm’s pay-per-minute Flex service, which allows members to “drive and drop” cars for one-way trips within London

Zipcar's new London EV fleet clocks up 20,000 trips in three months

Car-sharing firm Zipcar has revealed that its customers have made more than 20,000 trips in its new London-based fleet of electric vehicles (EVs), three months after the fleet was launched.

Volkswagen launched “We Share” after its own research found that the uptake of on-demand vehicles in Europe is set to rise by 15% annually

Volkswagen to launch electric car sharing initiative in Berlin

Volkswagen has announced that it will launch a car-sharing pool of 2,000 fully electric vehicles in Berlin, in the same week that new research revealed that Europe-wide sales of new electric vehicles (EVs) grew by more than 40% in the first half of 2018.

The announcement comes as Zipcar starts to introduce the first of 325 shared Volkswagen e-Golfs to the streets of London

Zipcar unveils 2025 London EV car sharing vision

Zipcar UK has outlined its target to get 800,000 Londoners actively using 9,000 zero-emissions, shared cars in the capital by 2025.

According to a study by GM Insights, the global car-sharing market is expected to increase by one third annually between 2017 and 2034

Auto giants launch EV-sharing platform in China

Chinese ride-sharing firm Didi Chuxing (Didi) has partnered with 12 automakers, including Geely Auto and the Renault-Nissan-Mitsubishi Alliance, to launch a new app-based, electric-vehicle-sharing platform.