Differences between Ridesharing and Car Sharing

Posted by jeenniwill on September 9th, 2016

Car-sharing and Ridesharing are often confused industries. They sound alike, but are completely different industries: The difference is in the structure of both industries. Although, their operational paradigm varies a bit, both industries converge under the fact that they introduce a seamless way of getting people around and allow people an opportunity to make money using their cars. In this post, we would attempt to set them apart, regardless of their close similarities.

Major Difference

As stated in the introductory paragraph of this post, the major difference between Car-sharing and Ridesharing is in the business model of both industries. While Ridesharing companies (The Uber business model is centered around ridesharing) allow private car owners to partner with them to become drivers on the platform which in turn offer seamless transportation services to the riders out there. Car-sharing, on the other hand, helps car owners offer their cars out for use to people who need a vehicle. While Uber and other Ridesharing firms are closer to the way taxis operate, Car-sharing companies seem like they are closer to car rental companies

Different Advantages

Differences between car sharing and ride sharing can also be found in the benefits. Both services solve various problems in the transportation sector, and have further diversified rider transportation options. Ridesharing programs (or companies) may be said to solve more problems and might have seen a larger extent of growth. With the advent of Ridesharing, more people have access to an entirely new industry in which they could take up a full-time job and earn a living. Also, commuters have been provided a cheaper way to get around – giving them luxury at an affordable rate. The ridesharing industry also solves the problem of the taxi monopoly and gives everyone a choice – a better choice. Other than giving people the opportunity to rent vehicles, Car-sharing has also made it possible for people to find good use for their vehicle at times especially when it’s dormant. This has caused the reduction of parking lot fees, since your car is not just sitting in an empty parking lot.

There are very little differences between Car Sharing and Ridesharing, but the fact remains that they are not exactly the same. It is thrilling to see these services improve people’s live in so many ways. More importantly, it is nice to see people employing the tech trend in interesting ways.

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-by Ola John and Edited by Kunle Bowale.