Zipcar Leaves UK: Electric Fleet Costs Too High

Zipcar, the UKs largest car-sharing club, is leaving the market due to new congestion charges and rising electricity costs. The company, with over 650,000 members, will stop new bookings and begin redundancy consultations for its 70 employees. The London congestion charge for electric vehicles is increasing, and a new pay-per-mile tax will be implemented in 2028. Zipcars financial reports show a decrease in sales and increased losses due to higher electricity and insurance costs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.