Peer-to-peer car sharing is developing as a means to make individuals share their own automobiles with other people. It is possible to automate it and do it in a more convenient way with the appropriate technology.
Technological advancements have transformed conventional assets into services that can be shared, which changes how individuals see ownership and mobility. You no longer need to have a motorbike for a quick trip around downtown or an automobile for a weekend trip. Rather, you can simply find a form of automobile sharing and pay just for the amount of time you use this service.
Undoubtedly, shared mobility is a growing sector. One week there is news on a dockless bike-share service launch, and a different week an OEM acquires or invests in a shared mobility startup. All this coverage is good for the shared mobility sector because there are minimal understanding and biases about what this service means for customers.
P2P automobile sharing is one of the growing shared mobility areas. It requires that privately-owned cars be shared. One would choose when to list their car on a website or application, to let others know how much and when it could be utilized for. Besides, P2P services are excellent for those who wish not to forgo automobile ownership, yet sometimes require a vehicle. In a sense, P2P helps those who have automobiles help to make shared mobility possible. Why? Because it provides a platform that helps people share their auto while helping other individuals not need to own one.
Private automobiles remain parked many times, so having one available in those inactive hours helps others make good use of it while earning your supplemental income. On the other hand, users can conveniently access autos at a much lower cost than renting one. A review or rating system gives vehicle users and owners the chance to convey their experience to others. Depending on the feedback, it can help build trust between both parties.
Distributed vehicle sharing operators need to advance with changing customer demands. Some saw the owner and user physically meeting and exchanging keys as an inconvenient process, particularly when time did not permit. Luckily, technology has evolved in this area to make a seamless P2P experience for the automobile owner and user. Technology has made many shared-use service options possible, including this one.