There are more than 250 million vehicles on US highways today, but that number could drop extremely quickly if these researchers are correct about the growth of car sharing. According to researchers at TrendForce, the global car-sharing market is expected to reach 15 million users and include 260,000 vehicles by next year. 3. The study also found that there will be a significant increase in vehicle ownership as people move from owning their own cars to renting them out. The researchers also estimate that car sharing will be able to replace some 2.43 to 3.38 million private vehicles globally by 2016. Related research in the US at the University of Michigan’s Transportation Research Institute reported earlier this year that self-driving cars could cut the need for vehicles by as much as 43% in the US, clearly not good news for automakers.
There are more than 250 million vehicles on US highways today, but that number could drop extremely quickly if these researchers are correct about the growth of car sharing. According to researchers at TrendForce, the global car-sharing market is expected to reach 15 million users and include 260,000 vehicles by next year. The study also found that there will be a significant increase in vehicle ownership as people move from owning their own cars to renting them out. The researchers also estimate that car sharing will be able to replace some 2.43 to 3.38 million private vehicles globally by 2016. Related research in the US at the University of Michigan’s Transportation Research Institute reported earlier this year that self-driving cars could cut the need for vehicles by as much as 43% in the US, clearly not good news for automakers.