Drivers still want to own cars, but they need to be more intelligent

For those living in densely populated urban areas, car-sharing services can offer an attractive alternative to car ownership.

Toyota is taking its electric three-wheeler car share pilot to Tokyo to evaluate the use of the ultra-compact i-Road model within the capital, while in London, Frost & Sullivan believes car share could be taken mainstream “in just five years” under certain conditions.

Quickly evolving

However, not everyone sees the appeal in ‘borrowing’ a car, and there remains a strong requirement for many drivers around the world to have a personal vehicle. Continental’s recent Mobility Study notes that “contrary to popular belief” US consumers still want to own their vehicles. However, the requirements of these vehicles is “quickly evolving."