Characterizing the GHG Emission Impacts of Carsharing: a Case of Vancouver

Total Page:16

File Type:pdf, Size:1020Kb

Characterizing the GHG Emission Impacts of Carsharing: a Case of Vancouver Home Search Collections Journals About Contact us My IOPscience Characterizing the GHG emission impacts of carsharing: a case of Vancouver This content has been downloaded from IOPscience. Please scroll down to see the full text. 2015 Environ. Res. Lett. 10 124017 (http://iopscience.iop.org/1748-9326/10/12/124017) View the table of contents for this issue, or go to the journal homepage for more Download details: IP Address: 72.53.34.130 This content was downloaded on 18/02/2016 at 19:59 Please note that terms and conditions apply. Environ. Res. Lett. 10 (2015) 124017 doi:10.1088/1748-9326/10/12/124017 LETTER Characterizing the GHG emission impacts of carsharing: a case of OPEN ACCESS Vancouver RECEIVED 19 August 2015 Michiko Namazu and Hadi Dowlatabadi REVISED Institute for Resources, Environment and Sustainability, The University of British Columbia, Canada 13 November 2015 ACCEPTED FOR PUBLICATION E-mail: [email protected] 26 November 2015 Keywords: carsharing, greenhouse gas emissions (GHG), shared-use mobility, vehicle efficiency PUBLISHED 15 December 2015 Content from this work Abstract may be used under the Carsharing exemplifies a growing trend towards service provision displacing ownership of capital terms of the Creative Commons Attribution 3.0 goods. We developed a model to quantify the impact of carsharing on greenhouse gas (GHG) licence. emissions. The study took into account different types of households and their trip characteristics. Any further distribution of this work must maintain The analysis considers five factors by which carsharing can impact GHG emissions: transportation attribution to the fl fi author(s) and the title of mode change, eet vintage, vehicle optimization, more ef cient drive trains within each vehicle type, the work, journal citation and trip aggregation. Access to carsharing has already been shown to lead some users to relinquish and DOI. ownership of their personal vehicle. We find that even without a reduction in vehicle-kilometers traveled the change in characteristics of the vehicles used in carsharing fleets can reduce GHGs by more than 30%. Shifting some trips to public transit provides a further 10%–20% reduction in GHGs. 1. Introduction Several studies have already examined carsharing services as a GHG mitigation measure. Martin and Carsharing1 is growing in popularity [1, 2]. This paper Shaheen [6] and Transportation Ecology and Mobility intends to analyze the impacts of this transportation Foundation [7] surveyed members of multiple car- service on greenhouse gas (GHG) emissions. The sharing services and calculated emission reduction novelty of approach in this study is the attention paid resulted from carsharing participation. Firnkorn and to the factors and contexts through which carsharing Müller [8], and Cervero and Tsai [9] focused on one impacts are realized. specific carsharing organization each. While Firnkorn The concept of sharing vehicles among multiple and Müller [8] surveyed residents who were interested users has been practiced for more than three decades in carsharing, Cervero and Tsai [9] conducted multi- [3]; it was invented to provide more affordable access ple surveys throughout four years to analyze the to personal mobility [4]. The popularity of such ser- dynamic changes in user behavior by carsharing. vices has been accelerated by smartphones as plat- The focus of these earlier papers has been on how forms for software that facilitates the necessary car sharing leads to a reduction in vehicle-kilometers traveled (VKT) and hence GHG emissions. However, transaction elements such as: vehicle location, book- Lane [10] and Katzev [11] reported issues in VKT ing and payment for service [5]. Many carsharing plat- reporting; the responses they got were highly likely forms allow users the choice of vehicle type as well as inaccurate because few drivers actually knew their VKT. pick up locations. Some carsharing services even pro- In this paper, we model the impact of carsharing on vide one-way carsharing allowing users not to worry GHG emissions through five independent factors about returning the vehicle to the pickup location or beyond VKT reductions. The data used for the model is being responsible for pay-parking at their destination. derived from a travel diary survey in which travel dis- A closer examination of the environmental impact of tances were calculated based on trip start and end loca- such convenient personal mobility services is the focus tions. We use the survey data on trip distances and of this paper. characteristics of families who are not carsharing mem- bers to construct three clusters of household archetypes. 1 More accurately, very short term car rentals. We suspect that household characteristics determine © 2015 IOP Publishing Ltd Environ. Res. Lett. 10 (2015) 124017 Figure 1. Average weekday travel distance by trip purpose (baseline). flexibility in utilizing carsharing. Our scenario-based implications. In section 6 we explore the sensitivity of approach is designed to assess emission reductions as our results to modeling assumptions. We conclude different household types join carsharing programs. with a summary of findings in section 7. In this modeling study we consider three factors involving behavioral change: 2. Scope and data • Mode shifting—higher use of other modes of mobility (public transit, biking and walking); Since vehicle production only accounts for about 10% of the emissions in the lifecycle of a vehicle [12], and the • Right sizing—selecting the appropriate vehicle for majority of the vehicle exhaust gases consists of CO the task at hand; and, 2 [13], we focus on CO2 emissions due to vehicle • Trip planning—aggregation of a number of shorter operations. Vehicle operations are dependent on house- trips into longer trips. hold demands for mobility services. Thus, our metho- dology hinges on patterns of demand for mobility as And two factors arising from fleet composition: revealed in detailed travel diary surveys. For this study, we utilized data gathered by Metro Vancouver, the • — fl Newer cars carsharing eets are, on average, much regional authority for the Vancouver region, represent- newer than owned vehicles. This leads them to ing over 21 850 valid surveys from local households fi bene t from secular improvements in vehicle reporting their previous day’sweekdaytrips[14]. fi ef ciency; We rely on data from Transport Canada [15] for fi • Less macho—carsharing fleets, on average, include vehicle composition and fuel ef ciency. Unfortu- fi fl the more efficient drivetrains offered for each nately, fuel ef ciencies of the current eet are only vehicle type in their fleet. available at the aggregate national level, so our data is not specific to Metro Vancouver. We also used fleet We quantify the effects of each factor and propose composition and vintage from Modo, a local car coop- future steps to utilize carsharing as a GHG emission erative, and vehicle fuel economy statistics [16] that mitigation measure. use the more realistic fuel performance methodology In section 2 we describe the scope of and data used introduced in 2015 [17, 18]. in this study. In section 3 we explain the scenarios and The availability of data on household travel pat- their rationale. In section 4 a piecewise-linear emis- terns, and characteristics of the fleets of user-owned sion calculator is introduced to explore the impact of vehicles and those operated by carsharing services trip aggregation on engine temperature and fuel effi- were the reasons for choosing the Metro Vancouver ciency. In section 5 we present results and discuss their region. We suspect our findings are replicable 2 Environ. Res. Lett. 10 (2015) 124017 Figure 2. Mode of transportation by distance (baseline). wherever the characteristic differences between user- on car ownership and trip characteristics. For example, owned and carsharing fleets are present. 80% of people who join Modo4 sold or donated their cars [22]. More recently, Metro Vancouver’s carsharing [ ] 3. Scenario development survey 23 revealed that 28% of households who gained access to carsharing relinquished their privately For the purpose of this study, we propose three house- owned vehicle, and 70% of them became zero vehicle hold archetypes: (1) households with children and at households, meaning that access to carsharing fully [ ] least one person working away from home (hereafter substituted private car ownership 24 . referred to as household with children), (2) households without children and at least one person working away 3.1. Newer vehicle factor from home (referred to as household without children), Modo owns 340 vehicles [23], and the average age of and (3) households with neither children nor work their fleet is three years [25]. On the other hand, the away from home (referred to as retiree household).The average age of privately owned vehicles in British three households were chosen by following the classifi- Columbia is 11 years5 [26]. Given the secular trend to cation used in the Trip Diary Survey administered for higher fuel efficiency [13], this gap in vehicle vintage Metro Vancouver, Canada [14]. plays a significant positive role in reducing the GHG Trip distances and purposes by household arche- emissions from households who use a carsharing types are presented in figure 1. Mode shares are pre- vehicle instead of their own. This newer vehicle effect is sented in figure 2. These closely resemble2 data found present whenever carsharing is used. Thus the other in Metro Vancouver’s Trip Diary survey for families
Recommended publications
  • Evolution of E-Mobility in Carsharing Business Models
    Evolution of E-Mobility in Carsharing Business Models Susan A. Shaheen1 and Nelson D. Chan2 Transportation Sustainability Research Center, University of California, Berkeley, [email protected], [email protected] Abstract Carsharing continues to grow worldwide as a powerful strategy to provide an alternative to solo driving. The viability of electric vehicles, or EVs, has been examined in various carsharing business models. Moreover, new technologies have given rise to electromobility, or e-mobility, systems. This paper discusses the evolution of e-mobility in carsharing business models and the challenges and opportunities that EVs present to carsharing operators around the world. Operators are now anticipating increased EV proliferation into vehicle fleets over the next 5- 10 years as technology, infrastructure, and public policy shift toward support of e- mobility systems. Thus, research is still needed to quantify impacts of EVs in changing travel behavior toward more sustainable transport. 1 Introduction Carsharing enables a group of members to share a vehicle fleet that is maintained, managed, and insured by a third-party organization. Primarily used for short-term trips, carsharing can provide affordable, self-service vehicle access 24-h per day for those who do not have a car, want to reduce the number of vehicles in their household, or do not use their vehicle during the day for long periods of time. Rates include fuel, insurance, and maintenance. Ideally, carsharing works best in a neighborhood, business, or campus setting where users could walk, bike, share rides, or take public transit to access the shared-use vehicles. Carsharing has evolved through several phases since the first carsharing system began in Europe in 1948.
    [Show full text]
  • Benchmarking of Existing Business / Operating Models & Best Practices
    SHared automation Operating models for Worldwide adoption SHOW Grant Agreement Number: 875530 D2.1.: Benchmarking of existing business / operating models & best practices This report is part of a project that has received funding by the European Union’s Horizon 2020 research and innovation programme under Grant Agreement number 875530 Legal Disclaimer The information in this document is provided “as is”, and no guarantee or warranty is given that the information is fit for any particular purpose. The above-referenced consortium members shall have no liability to third parties for damages of any kind including without limitation direct, special, indirect, or consequential damages that may result from the use of these materials subject to any liability which is mandatory due to applicable law. © 2020 by SHOW Consortium. This report is subject to a disclaimer and copyright. This report has been carried out under a contract awarded by the European Commission, contract number: 875530. The content of this publication is the sole responsibility of the SHOW project. D2.1: Benchmarking of existing business / operating models & best practices 2 Executive Summary D2.1 provides the state-of-the-art for business and operating roles in the field of mobility services (MaaS, LaaS and DRT containing the mobility services canvas as description of the selected representative mobility services, the business and operating models describing relevant business factors and operation environment, the user and role analysis representing the involved user and roles for the mobility services (providing, operating and using the service) as well as identifying the success and failure models of the analysed mobility services and finally a KPI-Analysis (business- driven) to give a structured economical evaluation as base for the benchmarking.
    [Show full text]
  • Carsharing and Partnership Management an International Perspective
    118 Paper No. 99-0826 TRANSPORTATION RESEARCH RECORD 1666 Carsharing and Partnership Management An International Perspective SUSAN SHAHEEN, DANIEL SPERLING, AND CONRAD WAGNER Most cars carry one person and are used for less than 1 hour per day. A tied to actual vehicle usage. A carsharing system in effect transforms more economically rational approach would be to use vehicles more the fixed costs of vehicle ownership into variable costs. intensively. Carsharing, in which a group of people pays a subscription Carsharing is most effective and attractive when seen as a trans- plus a per-use fee, is one means of doing so. Carsharing may be orga- portation mode that fills the gap between transit and private cars and nized through affinity groups, large employers, transit operators, neigh- borhood groups, or large carsharing businesses. Relative to car owner- that can be linked to other modes and transportation services. For ship, carsharing has the disadvantage of less convenient vehicle access long distances, one may use a household vehicle, air transport, rail, but the advantages of a large range of vehicles, fewer ownership respon- bus, or a rental car; and for short distances, one might walk, bicycle, sibilities, and less cost (if vehicles are not used intensively). The uncou- or use a taxi. But for intermediate travel activities, even routine ones, pling of car ownership and use offers the potential for altering vehicle one might use a shared vehicle. The shared-car option provides other usage and directing individuals toward other mobility options. The per- customer attractions: it can serve as mobility insurance in emergen- ceived convenience (e.g., preferred parking) and cost savings of car- cies and as a means of satisfying occasional vehicle needs and sharing have promoted a new modal split for many carsharing partici- pants throughout the world.
    [Show full text]
  • Build a Carsharing Community 2
    Final Technical Report TNW2003-06 TransNow Budget No. 62-2513 Flexcar Program Evaluation Flexcar Seattle Carsharing Program Evaluation by G. Scott Rutherford Robert Vance Department of Civil and Environmental Engineering University of Washington Seattle, Washington 98195 Report prepared for: Transportation Northwest (TransNow) Department of Civil and Environmental Engineering 129 More Hall University of Washington, Box 352700 Seattle, WA 98195-2700 December 2003 TECHNICAL REPORT STANDARD TITLE PAGE 1. REPORT NO. 2. GOVERNMENT ACCESSION NO. 3. RECIPIENT’S CATALOG NO. TNW2003-06 4. TITLE AND SUBTITLE 5.REPORT DATE FLEXCAR SEATTLE CARSHARING PROGRAM December 2003 6. PERFORMING ORGANIZATION CODE 7. AUTHOR(S) 8. PERFORMING ORGANIZATION REPORT NO. G. Scott Rutherford, Robert Vance TNW2003-06 9. PERFORMING ORGANIZATION NAME AND ADDRESS 10. WORK UNIT NO. Transportation Northwest Regional Center X (TransNow) Box 352700, 123 More Hall University of Washington 11. CONTRACT OR GRANT NO. Seattle, WA 98195-2700 DTRS99-G-0010 12. SPONSORING AGENCY NAME AND ADDRESS 13. TYPE OF REPORT AND PERIOD COVERED United States Department of Transportation Final Report Office of the Secretary of Transportation 400 Seventh St. SW 14. SPONSORING AGENCY CODE Washington, DC 20590 15. SUPPLEMENTARY NOTES This study was conducted in cooperation with the University of Washington. 16. ABSTRACT Flexcar is a public-private partnership based in Seattle that provides short-term automobile rentals, called “carsharing.” The program began in 2000 with an agreement between King
    [Show full text]
  • Uber - Uma Análise Do Perfil Do Usuário Na Cidade Do Rio De Janeiro
    UBER - UMA ANÁLISE DO PERFIL DO USUÁRIO NA CIDADE DO RIO DE JANEIRO Marcelo Dantas da Silva Júnior Dissertação de Mestrado apresentada ao Programa de Pós-graduação em Engenharia de Transportes, COPPE, da Universidade Federal do Rio de Janeiro, como parte dos requisitos necessários à obtenção do título de Mestre em Engenharia de Transportes. Orientador: Ronaldo Balassiano Rio de Janeiro Agosto de 2018 UBER - UMA ANÁLISE DO PERFIL DO USUÁRIO NA CIDADE DO RIO DE JANEIRO Marcelo Dantas da Silva Júnior DISSERTAÇÃO SUBMETIDA AO CORPO DOCENTE DO INSTITUTO ALBERTO LUIZ COIMBRA DE PÓS-GRADUAÇÃO E PESQUISA DE ENGENHARIA (COPPE) DA UNIVERSIDADE FEDERAL DO RIO DE JANEIRO COMO PARTE DOS REQUISITOS NECESSÁRIOS PARA A OBTENÇÃO DO GRAU DE MESTRE EM CIÊNCIAS EM ENGENHARIA DE TRANSPORTES. Examinada por: Prof. Ronaldo Balassiano, Ph.D. Profª. Suzana Kahn Ribeiro, D.Sc. Drª. Carla Conceição Lana Fraga, D.Sc. Drª. Ercilia de Stefano, D.Sc. RIO DE JANEIRO, RJ - BRASIL AGOSTO DE 2018 Silva Júnior, Marcelo Dantas da Uber - Uma Análise do Perfil do Usuário na Cidade do Rio de Janeiro/ Marcelo Dantas da Silva Júnior. – Rio de Janeiro: UFRJ/COPPE, 2018. XII, 108 p.: il.; 29,7 cm. Orientador: Ronaldo Balassiano Dissertação (mestrado) – UFRJ/ COPPE/ Programa de Engenharia de Transportes, 2018. Referências Bibliográficas: p.95-103. 1. Gerenciamento da Mobilidade. 2. Novos Conceitos de Mobilidade Urbana. 3. Mobilidade Compartilhada. I. Balassiano, Ronaldo. II. Universidade Federal do Rio de Janeiro, COPPE, Programa de Engenharia de Transportes. III.Título. iii AGRADECIMENTOS Primeiramente, agradeço a Deus pelo privilégio da vida e aos familiares que sempre me apoiaram.
    [Show full text]
  • Boulder Access Management and Parking Strategies On-Street Car
    Boulder Access Management and Parking Strategies On-Street Car Share Policy DRAFT September 2015 On-Street Car Share Policy Review and Recommendations Draft Report September 2015 Executive Summary Introduction Carsharing represents a new approach in transportation policy that is influenced by a larger philosophy that has come to be known as the “sharing economy”. Carsharing taps into a new mindset (generally attributed to the Millennial generation) that deprioritizes vehicle ownership, embraces concerns about rising congestion in cities, promotes more environmentally sensitive policies and the embraces the desire to have a greater range of transportation options. As traffic congestion and parking concerns increase in Boulder, carsharing will become an important component of the overall Access Management and Parking Strategies (AMPS) program. Carsharing has proven effective as a tool to reduce the number of personal cars on the street, increase travel flexibility for people who do not have personal vehicles and reduces both traffic congestion and greenhouse gas emissions. Studies have shown that carsharing decreases personal car miles traveled per year, reduces greenhouse gas emissions, increases perceived mobility of a city, reduces traffic and cuts down on parking congestion. Carsharing also allows increased mobility for low-income populations without owning a vehicle and puts more fuel efficient vehicles on the roads with most carsharing services requiring a certain fuel efficiency for each car in their fleet. Carsharing also has a documented impact on vehicle ownership rates and greenhouse gas emissions: Research shows carsharing members reduce average vehicle ownership from 0.47 to 0.24 vehicles per household. (Smart Mobility, page 21) According to Zipcar, 13% of car share users in Washington, DC and Boston have sold a car since joining and more than 40% have avoided buying a car.
    [Show full text]
  • One-Way Carsharing As a First and Last Mile Solution For
    ONE-WAY CARSHARING AS A FIRST AND LAST MILE SOLUTION FOR TRANSIT Lessons from BCAA Evo Carshare in Vancouver Prepared by: Neha Sharma | UBC Sustainability Scholar | 2019 Prepared for: Mirtha Gamiz | Planner, New Mobility | TransLink Lindsay Wyant | Business Insights Analyst | BCAA Evo June 2020 This report was produced as part of the UBC Sustainability Scholars Program, a partnership between the University of British Columbia and various local governments and organisations in support of providing graduate students with opportunities to do applied research on projects that advance sustainability across the region. This project was conducted under the mentorship of TransLink and BCAA Evo staff. The opinions and recommendations in this report and any errors are those of the author and do not necessarily reflect the views of TransLink, BCAA Evo or the University of British Columbia. Acknowledgements The author would like to thank the following individuals for their feedback and support throughout this project: Lindsay Wyant | Business Insights Analyst | BCAA Evo Mirtha Gamiz | Planner, New Mobility, Strategic Planning and Policy | TransLink Eve Hou | Manager, Policy Development, Strategic Planning and Policy | TransLink ii T ABLE OF C ONTENTS List of Figures ............................................................................................................................................. v Introduction ..............................................................................................................................................
    [Show full text]
  • Carsharing's Impact and Future
    Carsharing's Impact and Future Advances in Transport Policy and Planning Volume 4, 2019, Pages 87-120 October 23, 2019 https://doi.org/10.1016/bs.atpp.2019.09.002 Susan Shaheen, PhD Adam Cohen Emily Farrar 1 Carsharing's Impact and Future Authors: Susan Shaheen, PhDa [email protected] Adam Cohenb [email protected] Emily Farrarb [email protected] Affiliations: aCivil and Environmental Engineering and Transportation Sustainability Research Center University of California, Berkeley 408 McLaughlin Hall Berkeley, CA 94704 bTransportation Sustainability Research Center University of California, Berkeley 2150 Allston Way #280 Berkeley, CA 94704 Corresponding Author: Susan Shaheen, PhD [email protected] 2 Carsharing’s Impact and Future ABSTRACT Carsharing provides members access to a fleet of autos for short-term use throughout the day, reducing the need for one or more personal vehicles. This chapter reviews key terms and definitions for carsharing, common carsharing business models, and existing impact studies. Next, the chapter discusses the commodification and aggregation of mobility services and the role of Mobility on Demand (MOD) and Mobility as a Service (MaaS) on carsharing. Finally, the chapter concludes with a discussion of how the convergence of electrification and automation is changing carsharing, leading to shared automated and electric vehicle (SAEV) fleets. Keywords: Carsharing, Shared mobility, Mobility on Demand (MOD), Mobility as a Service (MaaS), Shared automated electric vehicles (SAEVs) 1 INTRODUCTION Across the globe, innovative and emerging mobility services are offering residents, businesses, travelers, and other users more options for on-demand mobility. In recent years, carsharing has grown rapidly due to changing perspectives toward transportation, car ownership, business and institutional fleet ownership, and urban lifestyles.
    [Show full text]
  • Can Carsharing Meet the Mobility Needs for the Low-Income Neighborhoods? Lessons from Carsharing Usage Patterns in New York City
    Transportation Research Part A 77 (2015) 249–260 Contents lists available at ScienceDirect Transportation Research Part A journal homepage: www.elsevier.com/locate/tra Can carsharing meet the mobility needs for the low-income neighborhoods? Lessons from carsharing usage patterns in New York City Kyeongsu Kim Geography in Earth and Environmental Sciences, The Graduate Center of the City University of New York (CUNY), 365 Fifth Avenue, New York, NY 10016-4309 USA article info abstract Article history: For decades, carsharing has become an attentive dialogue among transportation planners Received 2 August 2013 and civic groups who have long supported and business owners and government officials Received in revised form 19 November 2014 who see carsharing as a means to realize their interests i.e., another market for revenue Accepted 28 April 2015 generation and replacement of government own vehicles with carshare units. It has partic- ularly drawn attention in New York City (NYC). As of today, NYC is the largest carsharing market in the United States, accounting for about one third of all North American carshar- Keywords: ing members. In addition to market-driven forces, the City government has pronounced Carsharing pro-carsharing policies. Yet carsharing is still considered as an exclusive program to Mobility Social inclusion middle-income, white, and young populations. The purpose of this study is to see if car- sharing can help meet the mobility demand for urban residents, especially in the marginal- ized neighborhoods. By investigating a leading carsharing program – Zipcar’s vehicle utilization pattern in NYC, I attempt to disentangle how neighborhoods with different socio-demographics are associated with carsharing usage.
    [Show full text]
  • Shared Mobility Programs Guidebook for Agencies
    SHARED MOBILITY PROGRAMS GUIDEBOOK FOR AGENCIES Disclaimer This research was performed in cooperation with the Texas Department of Transportation (TxDOT) and the Federal Highway Administration (FHWA). The contents of this report reflect the views of the authors, who are responsible for the facts and the accuracy of the data presented herein. The contents do not necessarily reflect the official view or policies of FHWA or TxDOT. This report does not constitute a standard, specification, or regulation. The United States Government and the State of Texas do not endorse products or manufacturers. Trade or manufacturers’ names appear herein solely because they are considered essential to the object of this report. Acknowledgments This project was conducted in cooperation with TxDOT and FHWA. The authors thank the members of the project monitoring committee: Darrin Jensen, Teri Kaplan, Bonnie Lister, Pete Krause, and Jane Lundquist. The authors also thank members of the project team for their contributions: Andrea Chacon, Casey Claude, Greg Griffin, Joan Hudson, Matt Miller, Gavin Pritchard, Gretchen Stoeltje, Shawn Turner, and Gabriel A. Valdez. Authors Stacey Bricka Todd Carlson Tina Geiselbrecht Kristi Miller Maarit Moran December 2015 Product 0-6818-P1 Project 0-6818 Project Title: Dynamic Ride-Sharing, Car-Sharing, Bike-Sharing, and State-Level Mobility Texas A&M Transportation Institute College Station, Texas iii TABLE OF CONTENTS List of Figures ...........................................................................................................................
    [Show full text]
  • Ola Consolidating to Dominate the Cab Hiring Market
    Journal of Case Research Volume VIII Issue 01 Ola Consolidating to Dominate the Cab Hiring Market Amit Tripathy (Corresponding Author) N.M. Leepsa Doctoral Student, School of Management Assistant Professor (Accounting & Finance) National Institute of Technology Rourkela School of Management Rourkela-769008, Odisha, India National Institute of Technology Rourkela Email: amittripathy08[at]gmail[dot]com Rourkela-769008, Odisha, India Email: n.m.leepsa[at]gmail[dot]com Introduction realised? Is Ola ready to face the market Ola had been acquiring companies over crunch of rival Uber? diversified fields to strengthen its position in the taxi rental market. Ola acquired Taxi For The carpooling/rental market had been Sure (TFS), one of its biggest competitors, on experiencing unprecedented growth globally. March 1st 2015 for an amount of $200 The industry generated total revenue of 1 million, the biggest ever acquisition in the car $74,149.3m globally in 2016 which indicates rental industry. Following suit, in November a CAGR (Cumulative Average Growth Rate) 2015, Ola acquired Geotagg, a trip planning jump of 5.7% from 2012 to 2016. The growth company, for an undisclosed amount. Again, is due to the rapid development of worldwide on March 21st2016, Ola acquired Qarth a travel and tourism industry with parallel mobile payment start-up company. innovations and impetus from the telecommunication industry, IT industry and Despite the acquisitions made by Ola, a new technology driven market. Though the investor planning to buy stocks of Ola or a industry worldwide is blooming, the markets current investor thinking of expansion of of the USA alone contribute 46.5% share of investment might face the dilemma of the the revenue of the industry, while Europe situation.
    [Show full text]
  • Strategic Research PROGRAM
    165610-2 Strategic Research PROGRAM ASSESSMENT OF ZIPCAR AND CAR SHARING SERVICES ON UNIVERSITY CAMPUSES March 2017 1. Report No. 2. Government Accession No. 3. Recipient's Catalog No. TTI/SRP/17/165610-2 4. Title and Subtitle 5. Report Date ASSESSMENT OF ZIPCAR AND CAR SHARING SERVICES ON March 2017 UNIVERSITY CAMPUSES 6. Performing Organization Code 7. Author(s) 8. Performing Organization Maarit M. Moran and Kristi Miller Report No. 9. Performing Organization Name and Address 10. Work Unit No. (TRAIS) Texas A&M Transportation Institute The Texas A&M University System 11. Contract or Grant No. College Station, Texas 77843-3135 10727 12. Sponsoring Agency Name and Address 13. Type of Report and Period Texas A&M Transportation Institute Covered The Texas A&M University System College Station, Texas 77843-3135 14. Sponsoring Agency Code 15. Supplementary Notes Supported by the State of Texas Project Title: Transit AV/CV and ZipCar in Campus Environments 16. Abstract This project focuses on the application of transit automated and connected vehicle technology and car sharing services, such as Zipcar, in a university campus setting. Researchers from the Texas A&M Transportation Institute examined the use of Zipcar and other car sharing services on university campuses in the United States. Zipcar is currently in operation on the Texas A&M University (TAMU) campus in College Station, Texas, but use of the service has been somewhat limited. This research project examined the use of Zipcar and other car sharing services on university campuses throughout the country to identify methods to promote and expand the use of Zipcar on the TAMU campus.
    [Show full text]