Share Now fleet expanding to 500 cars from July

Automotive

From July, car-sharing company Share Now will operate with 500 cars in Budapest, making it the largest car-sharing fleet in Hungary, according to a press release sent to the Budapest Business Journal.

As part of the fleet expansion, the number of existing models will increase and 25 all-electric Peugeot e208 shared cars also appear on the roads of Budapest. The Share Now cars can be rented from a few minutes to several days and can be charged for free throughout the country on the company's partner network with the charging cards placed in the cars.

Share Now also has one of the largest service areas among car-sharing companies in Hungary, with more than 100 square kilometers. From June, Share Now's service will also be available in Érd, alongside Budaörs, Dunakeszi and Budakalász.

The company says that the significant fleet growth is justified by an even steeper increase in customer demand, as shared car mobility is becoming more and more attractive in the current economic and automotive industrial environment.

Share Now usage has grown significantly in the past period, with a 100% growth registered in the number of customers using cars in May alone year-on-year, while in the first five months of 2022, the number of drives increased by 130%, while business usage quadrupled. Meanwhile trends show that there is scope for further dynamic growth even from here.

"The end goal is to make urban transport more sustainable, in which car-sharing can help considerably. Shared cars are used on average six times more often than private cars, so there is no need for more and more parking spaces," said Bence Buday, CEO of Share Now Hungary.

He added that by 2025, some forecasts predict that Europe's current car fleet of 263 million cars could grow by up to 10 million, meaning that 115 square kilometres of additional parking space will be needed, which is roughly the size of Dublin. In contrast, a city with shared mobility only, could make it with a fraction of the number of private cars, which would mean less traffic jam and freed-up parking spaces, giving valuable land back to city dwellers.

 


 

ADVERTISEMENT

Annual Inflation Hits 23-Year High in May Analysis

Annual Inflation Hits 23-Year High in May

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest targets tourists with public transport fare hikes City

Budapest targets tourists with public transport fare hikes

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.