Car sharing will replace 2.34 to 3.38 million private cars around the world by 2016, according to analysis firm TrendForce. Noting that these are preliminary projections, the China-based firm says big growth in 2014 car sharing was led by Europe, where it says car-sharing originated, and Asia, where lacking public transportation options and expensive license plate applications have turned Chinese consumers toward car-sharing. By 2016, TrendForce says it expects more than 15 million members in the global car sharing market and more than 260,000 vehicles. “On the whole, car sharing has significant cost-performance advantage over other transportation methods, including carpooling,” said Eric Chang automotive, electronics analyst at TrendForce.
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