The article discusses the decline of the car-sharing economy, which was once seen as a revolutionary alternative to car ownership like Spotify’s impact on music. Companies like Turo and Getaround are retracting operations, signaling a potential downturn in the market. Despite successful models in major cities, public transport options have made car ownership less necessary. Experts advocate reducing car use for health benefits, indicating that urban dwellers can thrive without owning a vehicle. The mixed outcomes of car-sharing services underscore a shifting landscape in urban transportation.
"During the Covid pandemic and the easy money bubble, it seemed the car-sharing trend had peaked, yet recent developments suggest its momentum is waning."
"The public transport network in London has been good enough for long enough that the arguments for car ownership have become almost obsolete..."
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