World English Dictionary
carshare (ˈkɑːˌʃɛə)
1.  (intr) to take turns in driving fellow commuters to and from work or friends' children to school and back, so as to avoid the unnecessary use of several underoccupied vehicles
2.  a group of people who carshare together

Collins English Dictionary - Complete & Unabridged 10th Edition
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The term carsharing is also used for carpooling or ride sharing some places.
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