Thumbs down for Paris e_car scheme [image credit: businessinsider.com]
Another ‘green’ fantasy bites the dust in the face of old-fashioned economic realities. Once again, without massive subsidies of public money the numbers just didn’t add up. Calling a taxi seems to have won the day. Now it’s see-you-in-court time as recriminations kick off.
The city of Paris is pulling the plug on an electric car-sharing system once hailed as the future of urban transport, with officials voting to cancel the contract in the face of mounting losses, as Phys.org reports.
The more than 4,000 silver Autolib hatchbacks had become a fixture on the streets of the French capital, with docking stations for the electric vehicles found every few blocks.
But even after winning over some 150,000 subscribers, the system has failed to prove economically viable—despite promises by its operator, the Bollore Group, that once fully deployed it wouldn’t cost a cent to the city.
Last month the conglomerate, which used the scheme to showcase its electric battery technology told officials they would have to pay 46 million euros ($54 million) a year for the next five years to cover an expected deficit of 294 million euros.
Socialist Paris Mayor Anne Hidalgo called the request “preposterous”, and lawmakers in Paris and the suburbs participating in the scheme voted Thursday to cancel the contract immediately instead of letting it run out in 2023 as planned.
Bollore, which says it faces a 60-million-euro bill itself, has said it will now take the city to court.
Raft of options
Autolib subscribers raved about its ease of use and affordability.
Yet each car was used on average just 4.5 times a day in 2016—the most recent year for which data is available—not enough to cover the costs of maintaining the fleet.
The system also struggled to match supply with demand, since cars picked up in high-traffic areas are often parked where fewer people are looking for them.
The arrival of ride-hailing services like Uber and electric moped rentals in recent years siphoned off users as well.
Continued here.
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June 22, 2018 at 01:30PM
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