One of many extra notable developments to have emerged concurrently with the onset of electrification is the rise of the sharing economic system. A significant instance is electrical automobile (EV) sharing, which offers shoppers with a substitute for the usually excessive upfront prices of possession. Madrid has three all-electric sharing platforms with a fleet dimension north of 600: Zity, Emov and Share Now. The latter firm additionally has an 800-vehicle fleet in Paris. Greg Fairbotham, Chief Government of EV sharing platform Zoom EV, instructed Automotive World again in July 2023 that sharing economies may also help ease price burdens and improve the general utilisation of merchandise.