Defeating General Lee Oliver

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Published on December 31, 2022 9:30:06 PM ● Video Link: https://www.youtube.com/watch?v=R5EmvohChGQ

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General Lee Oliver @CALL IN NUMBER IS 325-754-7084 Carsharing has exploded in popularity

Carsharing is a model of car rental where people rent cars for short periods of time, often by the hour. It is attractive to customers who make only occasional use of a vehicle, as well as others who need access to a vehicle of a different type than they use day-to-day. While some firms had experimented with the concept in the late 20th century, it only became well established in the early 21st. From the 2000s onwards, a growing trend of flexible, multi-modal, on-demand mobility led to rapid expansion of carsharing services. By 2015, carshare programs were available on five continents, over 30 countries and in hundreds of cities worldwide. Rising urbanisation, increasing problems of congestion and pollution, and the social and personal costs of private car ownership continued to drive demand for alternatives such as carsharing.

New innovations included one-way carsharing services for shorter, spur-of-the-moment trips; automakers partnering with garage chains to give users free parking in city centres;* ride-hailing mobile apps; the adoption of plug-in electric vehicles; and a small but growing number of self-driving vehicles. While the industry continued to expand in Europe and North America, most of the new growth was occurring in the Asia Pacific region, particularly China. In 2014, membership of carsharing programs stood at 2.4 million. By 2024, this has increased nearly ten-fold to reach 23.4 million while global revenue has risen six-fold, increasing from $1.1 billion to $6.5 billion.*