Electric Car Rental Market Top Key Players – Hertz, Avis Budget Group, RentalCar, Europcar, Dollar thrifty Automotive Group, Budget, Sixt, Alamo

The car rental business emerged nearly 100 years ago. It is believed that the founder of the business was Joe Saunders (Nebraska USA), who set up the first car rental service in 1916. The demand for car rental is in the first place satisfied by the large companies. Some of the largest car rental companies operate around the world.

The two main problems that car rental companies typically face are defining fleet size and planning vehicle relocations. The first problem concerns working out how many vehicles should be allocated to each city and station to satisfy demand. The second problem concerns defining how to reposition vehicles between stations.

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ELECTRIC CAR RENTAL MARKET DYNAMICS
The environment is changing continuously because of natural events that are beyond the control of humans. There are also changes caused by people, which in the past were irrelevant but, especially after the 19th century and the Industrial Revolution, have come to be significant to the degradation of the natural environment.

This has brought upon the increased and integrated usage of the Battery based electric vehicles into the industrial perspective of operations and within the Global Electric car rental market optimizations. With continuous development of EV promotion and application in all fields of urban mobility, EV applied in carsharing has become increasingly widespread. Positively affected by early well-known and successful cases worldwide.

ELECTRIC CAR RENTAL MARKET SEGMENTATION

The Global Electric Car rental market can be segmented into following categories for further analysis.

By Rental Scheme Type
• Chauffeur Driven Type
• Short Route Driven type
• Long Route Driven Type
• Business Drive
• Leisure Drive
• Shared Access Drive
• Long Haulage Drive
• Self Driven Type

By Car Classification
• Luxury Electric Vehicles
• Economy Electric Vehicles

By Regional Classification
• Asia Pacific Region – APAC
• Middle East and Gulf Region
• Africa Region
• North America Region
• Europe Region
• Latin America and Caribbean Region

RECENT TRENDS IN ELECTRIC CAR RENTAL MARKET
The main aim of electric vehicle rental is its potential contribution to increased electric vehicle adoption. The selection of a certain vehicle depends on the utility that the attributes of this vehicle have to the decision maker. In earlier years, most focus was on instrumental aspects such as price, range, and fuel consumption.

On a global technological implementation level within the Global Electric Car Rental Market, most current EV-Car Sharing modules are of fixed station type. Customers are required to pick up and return EVs at the same station. But most car sharing companies are planning to launch a one-way service that allows customers to return EVs to the other stations. There are 3-5 EVs in one station on average.

Vehicle networking, mobile Internet, big data, cloud services and other technologies and business applications are evolving, smartphone applications are popular, O2O mode continues to achieve commercial success, and intelligent vehicle management and scheduling tools as well as multiple flexible payment methods, laid a good foundation for the application of EV-Carsharing.

COMPETITIVE LANDSCAPE
There has been a recent entry of the IT and internet-based Organizations to have a better base on the implementation of the Electric Vehicle Car rental on the Global Electric Car Rental Market so as to have a better integrated approach into the rental space through the technological optimizations.

UFODRIVE is a European EV rental car company with sites in three European airports — Brussels, Luxembourg, and Hamburg. The company has other rental locations on the way and is even eyeing the U.S. market. Currently, the company offers the Tesla Model S, Jaguar I-PACE, and the newest Nissan Leaf. UFODRIVE will also be adding the Tesla Model 3 and Hyundai Kona Electric to its fleet in the near future, and McClean is also considering adding the Audi e-tron.

COMPANIES PROFILED
Hertz
Avis Budget Group
RentalCar
Europcar
Dollar thrifty Automotive Group
Budget
Sixt
Alamo
Car2Go
AutoLib
Chefenxiang
American Zipcar
UFODrive

Read More Information: https://mobilityforesights.com/product/electric-car-rental-market/

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This release was published on openPR.