Share Now, formerly Car2Go, to pull out of Vancouver in 2020 GlobeBC
Car share service Share Now, the company operating the Car2Go fleet, is closing down operations in North America.
Vancouver resident Glen Murray said he uses Car2Go to travel around the city three to four times each week.Mr. Murray said he might use Evo, another car share service, or public transit after Car2Go becomes unavailable, but he may also consider getting a car again. “Car sharing in general, and shared mobility in general, is a tough business. It’s single-digit margins, even for the best in the market,” Ms. Phillips said. “While I may understand some of the logic in the news release for North America in general, I really don’t understand it for Vancouver.”Ms. Phillips said the rise of ride-hailing and bike-sharing has caused an increase in competition in other North American cities.
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