Zipcar Leaves UK Amid Congestion Charge, Financial Struggles

Zipcar, the car-sharing service, is exiting the UK market due to financial struggles, including increased electricity costs and rising motor insurance. The companys losses surged to £11.7 million in 2024, a stark contrast to £364,000 in 2023. The departure coincides with London Mayor Sadiq Khans decision to impose a congestion charge on electric vehicles, which would have significantly affected Zipcars electric fleet. The company has started a consultation process with UK staff and will stop taking new bookings by December 31, 2025.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.