00:00A number of different companies operate in the capital and they prove particularly popular
00:08locally. The real selling point here is for so many users access to cars without the costs
00:15or other obligations of ownership. Most operate on a membership basis with annual or monthly fees
00:22plus per mile and per hour charges for using cars on a pay-as-you-go basis. Hyde Park is
00:31about 142 hectares and the space now said to be freed up by short-term rental car schemes
00:37nationwide according to a new report is apparently at least equivalent to 138 hectares. That is
00:45of course just under the size of perhaps London's most famous park. Analysis by transport charity
00:54Como UK founds each car club vehicle replaces on average 27 private cars. It's also found
01:03that non-corporate users of UK car clubs last year said they had either sold or deferred
01:10purchasing a total of nearly 120,000 vehicles since they joined. Based on the typical size
01:17of parking spaces these private cars would have occupied an area exceeding 138 hectares. Como
01:26UK chief executive Richard Dilps suggested the space freed up by these schemes as per this
01:34latest latest report could be used to provide homes for approximately 6,000 people in London.
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