The one-mile (1.6km) lane will open in 2007 at the junction of the M606 and M62 in West Yorkshire, Transport Secretary Alistair Darling announced.
It will allow cars carrying more than one person priority entry from the M606 southbound onto the eastbound M62.
The £2.5m lane, on the busy route between Bradford and Leeds, will cut rush-hour journeys by eight minutes on average.
Single-occupant vehicles would not suffer from additional delays and should also benefit from improved journey times, the Highways Agency said.
Founder of Liftshare.com, Ali Clabburn is a great believer in HOV lanes and increasing car sharing.
"Even before having the incentive of saving 20 minutes on the daily commuters journey, car sharing is win win - Individuals can save money and do their bit for the environment. A typical Liftshare member will save over Â£1000 and 1 tonne of CO2 by sharing cars. Businesses car save hundreds of thousands of pounds by setting up a car sharing scheme for their staff". Ali Clabburn.
For more information contact Liftshare.com on 01953 451166.
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