Peer-to-peer (P2P) car sharing is when car owners rent out their personal vehicles for short periods of time, earning a side income by providing cars to people in need of transportation. Examples of P2P car-sharing companies include Getaround and Turo.
With Turo, for example, would-be drivers can use the company website or mobile app to browse available cars by make, destination and experience. The company offers electric vehicles (EVs), luxury vehicles and pet-friendly vehicles and works the same way as any other car rental company from the customer’s perspective.3
To book a car, you must be 18 years old or older in the U.S., with a valid driver’s license and approval from Turo, which requires supplying your driver’s license number, along with other pieces of information. Typically, approval happens immediately, and then you can start renting a car. Some car owners will even deliver the car to you or you can find the vehicles parked near airports.
Business-to-consumer (B2C) car-sharing companies are private companies that rent out cars they own. Examples include Zipcar, Car2Go and DriveNow. B2C types can be broken down even further, depending on where you pick up and drop off your car.
- Free-floating: Customers can pick up and drop off floating cars anywhere, as opposed to returning them to a fixed place. EVs are parked near publicly available charging stations.
- Station-based: All vehicles are located in a fixed location where customers pick up and drop off the cars.
- A to B: In A to B car shares, a customer picks up a car at point A and drops it off at point B.
In business-to-business (B2B) car shares, companies let their employees have access to a fleet of vehicles to conduct business operations.
Nonprofits like eGo Car Share, located in Boulder, Colorado, provide the public with car shares to reduce the number of private car owners and their environmental impact and to allow marginalized groups to access car shares more easily.4