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Car Sharing set to increase

According to a forecast by the United Nations’ Population Division, the proportion of the world’s population living in urban areas rose from 30% in 1950 to 54% by 2014.screen-shot-2016-11-09-at-12-36-58-pm

It will continue rising to 66% by 2050. As the population grows, road space remains the same. This will increase demand for services that share roads more efficiently.

Mobility service providers argue that their products decrease congestion and enable more effective movement of people, which would allow any transfer between road and rail services.

Michael Knudsen, BMW head of mobility services, said that in high-density areas of a city at peak time, about 30% of the traffic is drivers looking for a parking space. Christoph Weigler, general manager for Uber Germany argued that 30% of land is dedicated to storing parked cars that can be used for as little as one hour per day, according to Auto Vista Intelligence.

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