Vancouver has approved new rules that benefit carsharing drivers within the city.

A new rule allows carshare vehicles to be dropped off in metered parking stalls for free for limited amounts of time.

The carsharing companies will be liable to pay for the cost of the lost parking revenue. However, the city is encouraging companies to switch to electric with an incentive to waive the annual $77.19 per-vehicle parking permit fee. Additionally, the city will charge companies a flat fee to reserve permanent parking spaces.

In the report, the city believes that with these new incentives more Vancouver residents will use carsharing services. The report forecasts an estimated 10% increase in families taking advantage of the service.

At this time no official date has been announced on when these new rules will come into effect.