2024 has seen the automotive business grapple with how you can make electrical car possession extra interesting for the mass market. Nonetheless, just a few years prior, gamers hotly debated whether or not the idea of possession itself had a future in any respect. As an alternative, many championed shared mobility—ride-hailing, car-sharing, and subscription companies—as a less expensive and simpler choice extra in contact with the tech zeitgeist.
Nonetheless, in August 2024, Volvo Automobiles introduced it had suspended its automobile subscription companies in Europe and the US indefinitely. Though the corporate beforehand touted its Care by Volvo programme as a worthwhile and extra versatile various to conventional leasing, it nonetheless shuttered it to avoid wasting prices and concentrate on core product choices. Might this determination be a bellwether for the decline of shared mobility platforms extra broadly?
