Particle.news

Zipcar Proposes UK Exit, Suspends New Bookings Beyond Dec. 31

Cost pressures plus a steep 2024 loss frame the move.

Overview

  • The company has begun a formal consultation with UK staff after proposing to cease its UK operations.
  • New reservations are blocked for dates after 31 December 2025, with existing bookings through that date honored and affected customers offered refunds.
  • Paying members will receive pro‑rated refunds for any subscription period extending beyond year‑end once the consultation concludes.
  • Zipcar reported a 2024 pre‑tax loss of about £11.6–£11.7 million as trips fell, revenue slipped, and costs for electricity, insurance, and vehicle resale values rose.
  • Coverage links the timing to London’s plan to apply a £13.50 daily Congestion Charge to electric vehicles from early 2026, while the company has not given a specific reason.