Meaning of the word "car sharing" in English

What does "car sharing" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

car sharing

US /kɑr ˈʃɛrɪŋ/
UK /kɑː ˈʃeərɪŋ/

Noun

a system in which people share a car, often for short periods of time, usually through a membership service

Example:
Car sharing is a convenient way to get around the city without owning a car.
Many urban residents are opting for car sharing services to reduce costs and environmental impact.