1. pollution due to the decreased number of

Car ownership
is more about the status symbol while car sharing is about getting access and
value for money. Car ownership symbolizes freedom and independence. Car sharing
is getting popular as more people are migrating to densely populated cities and
also getting comfortable with the shared economy. Owning a car costs higher
since it incurs insurance rates, parking fees, depreciation, wear and tear
costs etc. Whereas, car sharing comes with a small membership fee and numerous
discount packages suiting to the demand and use of the customer. For people who
consider money as an important criterion would definitely go for car sharing as
it saves money. People who are rich and can afford to buy cars might not like
this idea of car sharing since authority, independence and status carry more importance
to them than money to them. For instance, Zipcar which runs in Los Angeles
charges frequent drivers $8.10 per hour from Monday to Thursday and $9 on
Friday and weekends. Zip car does bill customer for tolls but one does not have
to pay for gas and parking which saves a lot of money and adds another
financial incentive. They just have to pay an initial membership fee of $25 to
become a member (Jones, S. 2017). Owning a more expensive car comes with a higher loan,
insurance and fuel costs- ride sharing makes more financial sense. The balance
between convenience and cost is a key consideration for car sharing people and
makes them feel satisfied by saving a lot of pennies. Car owners for whom money
saving is not essential, go with owning expensive cars because that is what
makes them feel proud and satisfied. Shared mobility services can also help in
reducing environmental pollution due to the decreased number of vehicles on the
road. A study on Car2go- the largest car-sharing operator in the world,
estimated a decrease in greenhouse gas emissions. For physically disabled
people, car sharing can be a good alternative rather than owning a car. Many cars
sharing companies reward customers with benefits. One gets reward points on
each ride. The reward points can further be redeemed for airline or amusement
tickets which makes the user willing to take more rides. Referral system also
rewards the user with points which can be redeemed. So also for senior citizens
who do not want to depend on others, car sharing can be a good option to
commute rather than dependency on younger ones.