Too expensive to run, EV car sharing schemes in London are shutting down


All-electric vehicle sharing services in London are being scrapped after their operators say they is no longer economically viable.

The French-owned company Bluecity said its £5 per-half hour EV car sharing platform will officially close on February 10 in the city, the Evening Standard reports.

Bluecity first entered the London market back in 2017 with its fleet of recognizably branded red cars. Since then, the company was only able to arrange deals with three London borough councils.

[Read: Scientists invent a faster and cheaper way to repurpose EV batteries]

As Bluecity is a point-to-point service, vehicles must be picked up and dropped off at dedicated locations. In other words, Bluecity customers were only able to pick up and drop off an EV in three boroughs. The company was reportedly challenged by having to deal with 33 different London councils.

“Due to the limited size of the network and the competitive environment, we have taken the difficult decision to close the Bluecity car-sharing service,” a Bluecity spokesperson said in a statement.

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