Shared cars could be the primary transportation in the future

PSFK chats with Andre Haddad, founder of Relayrides, about how shared transport is impacting urban development.

As part of our series looking at the future of cities, PSFK reached out to experts to get their take on key trends we’ve identified that are currently shaping urban development. We recently caught up with Andre Haddad, CEO of Relayrides, a car marketplace that aspires to offer a more affordable, more convenient and more unique alternative to traditional car rental and car sharing. Their long term vision is to enable people around the world to prefer access over ownership of cars. We chatted with him about how shared transport is enabling drivers and passengers to easily connect and travel together, and how shared cars might be the primary type of transportation in the future.

What sort of impact does shared transport have on urban environments?

There are 3 levels of impact
1. Economic impact: Renting your car on RelayRides enables car owners to cover the cost of owning a car. An average RelayRides owner makes around $250 a month renting their vehicle 7-8 days a month. This typically covers either the car payment if you have one, or the cost of maintaining you car (parking, registration, insurance, gas, taxes). Given that real household incomes have been flat for the last 20 years, sharing your car makes so much economic sense. We are also helping renters save money by offering more affordable rental options. RelayRides daily rentals are 20-40% cheaper than traditional car sharing or traditional car rental.

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Source: PSFK