17. EV Car Sharing Market Analysis | Volkswagen Expands WeShare Service

Volkswagen's WeShare is launching another all-electric car-sharing system in Germany. The service will start on February 25 with a fleet of about 400 Volkswagen ID.3, which will be gradually expanded up to 800 units in the Spring. Volkswagen ($VWAGY) is also installing some charging points so the service doesn't have to rely only on public charging stations. There are two rates - standard (without monthly payment) and WeShare+, which requires €9.90 a month, but the use per minute is less expensive. On this episode, we look into the now resurrected car sharing market and which companies might decide to take full advantage of it's potential, among them General Motors ( $GM ), Blink ( $BLNK ), Envoy, Denso, Zoom EV, Good2Go, and others.