[PDF] peer to peer car sharing market

What is peer-to-peer car sharing?

This report provides an overview of “peer-to-peer car sharing,” including (1) what it is and how it compares to traditional car rental, (2) its policy implications, and (3) state laws regulating it. “Peer-to-peer (P2P) car sharing” refers to sharing privately-owned vehicles, for money, over an internet platform operated by a third-party.

Are peer-to-peer car-sharing platforms a threat to traditional car rental companies?

- Bloomberg Peer-to-peer sharing services that let owners rent out their vehicles are a focus of concern from traditional car rental companies, who see disruption ahead. A new challenger has arrived: Peer-to-peer car-sharing platforms like Turo have earned the ire of traditional car rental companies.

What is car sharing?

It is a short- term car rental, hired on either hourly basis or per kilometre basis or hybrid of both. In this type of service, an electronic systems allow unattended access to the vehicles with fuel and insurance charges bundled into the rental charges. Car sharing can be round-trip, one-way, free-floating or station-based.

What are the laws governing p2p car sharing?

Most of the laws have consumer protections, such as requiring vehicle owners to address safety recalls before sharing their cars. And many of the laws have provisions on (1) taxes and fees, such as subjecting P2P car sharing to the same taxes as car rental, exempting it, or establishing separate taxes and (2) airport use agreements.