Investigating the value created by car sharing in cities
Is it time to rethink car ownership? Especially knowing that 25% of energy-related global greenhouse gas emissions come from transportation. Many individuals and organizations, both public and private sector, think so. That’s why they are taking a closer look at shared mobility for its potential to deliver on sustainability goals.
In our new report The Sustainability Impact of Car Sharing, we discuss the findings of a study into the impact of the Volvo Car Mobility service M on the city of Stockholm. This car sharing service offers a blueprint for mobility planners and city authorities everywhere. We examine its impact on both driver behavior and emission levels, and ask what value it creates for cities, property developers, companies, and individual customers.
Using Stockholm as the reference city, in The Sustainability Impact of Car Sharing we consider the impacts of a growing population and increase in car ownership.
Car sharing has grown significantly in the city in the past decade, from just 74 registered cars in 2010, to 2,049 in 2019. The Volvo Car Mobility service M is station-based, whereby the vehicles are returned to designated stations, rather than being left anywhere.
In our report we reveal:
- Up to 8 privately owned cars are removed from the streets of Stockholm for each M car
- This equates to around 4,515 fewer cars based on the company’s current vehicle fleet size
- And a reduction of 8,200 tons of CO2 from tailpipe emissions
The implications for urban planning can be seen in the impact on city space of removing 4,515 cars. This would free up an area of 56,400m2 previously used for parking that could be replaced with green infrastructure or housing.
To learn more about the impact on areas such as traffic congestion, living conditions, costs and, of course, sustainability, download The Sustainability Impact of Car Sharing.