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Ceres Power Holdings

Car-sharing customers favour gas over electric vehicles

For car-sharing companies, it is not that easy being green.

Car-sharing and caring for the Earth seem like a natural fit. But companies say battery-electric vehicles (BEVs) do not really make sense in a shared fleet. And, users say they want them but they don’t actually take them out as much as gas cars.

“Our members tell us that they want more EVs, but their actions, in terms of bookings, say otherwise,” said Selena McLachlan, spokeswoman for Modo, a Vancouver-based car-sharing co-op, in an e-mail. “They fear they will run out of fuel, or may not find a charger, or won’t know how to use the charger, or don’t want to charge the vehicle during their booking.”

Sure, as the BEV range gets better, more fast chargers are added and the cars get cheaper, they’ll make more sense for car-sharing.

But there’s another potential option. In the hope of sparking interest in EVs, Vancouver’s Modo just added two hydrogen fuel cell Hyundai Nexos.

Ceres Power Holdings plc (LON:CWR) is a fuel cell technology and engineering company whose aim is to bring cleaner and cheaper energy to businesses, homes and vehicles. They are working with world-leading partners to embed their SteelCell®technology in mass-market energy products for the commercial, residential and transportation markets.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.