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Monday, December 06, 2004

Car-sharing taking off!

From Business 2.0:
Owning a car in a big city can be a major hassle. Which is why car-sharing services are taking off as a cheap, easy alternative. For as little as $50 a month, members get 24-hour access to vehicles parked around a city and borrow them by the hour or the day without paying for gas or insurance. Until recently, that has been a mostly local and often nonprofit venture. But Zipcar and Flexcar, the biggest car-share companies in the United States, are expanding into multiple cities and making money in the process. They're vying to dominate the $15 million U.S. car-share business, which ABI Research says could grow more than 10-fold by 2009.