Shared mobility services are not only growing, they also are expanding in scope. Among these trends is the significant increase in vehicle sharing programs. A recent Frost & Sullivan report noted that approximately 7 million users were sharing roughly 112,000 vehicles in 2015 in the United States alone. These numbers are expected to grow to over 36 million users and 427,000 vehicles by 2025.
Cletus Nunes, director of sales at AAIS partner Octo Telematics North America, points out, “It was common in 2000 to leave by 6:30 in the morning to avoid traffic, and that was when there were 6 billion people on Earth. Now, at a little over 7 billion people, it is all too frequent to hear someone stating they need to leave by 5:30 a.m. to avoid nasty traffic. Mobility solutions will grow quickly because there are few other ways to address the congestion.”