Coronavirus threatens the model of urban mobility

The sector was already struggling before the coronavirus as too many companies were competing for the same customers — mainly young people who only need a vehicle occasionally. Globally, more than 15 operators shut down last year, according to Frost & Sullivan.

“Car-sharing as a business model is a tough one to achieve profitability in,” said Shwetha Surender, head of new mobility at the consultancy. “It is not going back to pre-COVID levels immediately. We expect a slow recovery.”