Which statement defines a vehicle sharing program?

The correct answer outlines a vehicle sharing program as an arrangement that allows personal vehicles to be rented or shared among individuals. This concept encompasses various services that enable people to gain access to cars without the long-term financial commitment of owning one, thereby promoting a flexible use of vehicles. Vehicle sharing programs often operate on a pay-as-you-go basis or through membership subscriptions, making transportation more affordable and reducing the overall number of vehicles on the road.

The other options describe unrelated concepts. Public transportation options are broader and do not specifically focus on the sharing or renting of personal vehicles. Programs that offer loans on personal vehicles pertain to financing rather than sharing. Lastly, a community initiative for road safety education does not involve the transactional nature of vehicle use that characterizes vehicle sharing. Thus, the definition provided in the correct answer precisely captures the essence of vehicle sharing programs.