Peer-to-peer carsharing is a form of person-to-person lending or collaborative consumption, as part of the sharing economy. The business model is closely aligned with traditional car clubs such as Streetcar or Zipcar (est. in 2000), but replaces a typical fleet with a ‘virtual’ fleet made up of vehicles from participating owners.

One growing area of shared mobility is peer to peer carsharing, which relies on privately owned vehicles to be shared with others. An owner would decide when he doesn’t need the car, and list it on an app or website to let users know when and how much his vehicle could be used for.

An off-shoot of the car-sharing concept, personal or peer-to-peer (P2P) car sharing, allows a vehicle owner to rent his or her car when it is not in use. P2P agreements typically include gas, insurance and the ability to drive a certain number of miles per day.

Peer-to-peer car sharing services enable individual owners of vehicles to rent their vehicles to others who need one for a short time period. They are similar to Uber and Lyft, but they replace rental car companies instead of taxi services.

“Peer-to-peer car sharing program” means a platform operated by a business that connects shared vehicle owners with shared vehicle drivers to enable the sharing of vehicles in exchange for money.