Carshare users in Metro Vancouver will have one less service to use as SHARE NOW — formerly known as car2go — officially ceases operations in North America on February 29.
The company made the announcement in December 2019, noting that some of the factors leading to its decision included the competitive market, rising operating costs, and a lack of infrastructure to support new technology.
SHARE NOW is a recently launched entity combining subsidiaries car2go and Drive-Now. The companies joined together in a merger in February after an investment of nearly $1.5 billion from Daimler AG and BMW Group.
The company announced in September that it would be pulling service from Calgary, Austin, Denver, Portland, and Chicago before the end of 2019.
In addition to exiting North America, SHARE NOW will be closing operations in London, Brussels, and Florence.
In a previous statement to Daily Hive, SHARE NOW spokesperson Tiffany Young said, “Vehicles in impacted cities will be sold off. They will not, however, be made available for sale to the general public.”
In light of SHARE NOW’s exit from the market, carshare service Evo announced it will be adding 250 more vehicles to its fleet this spring.
After receiving new vehicles to its fleet in April, Evo will have 1,750 cars operating around the Metro Vancouver area.