Relentless COE prices? Observers say car sharing is the future

[ad_1]

Mr Toh said there is much room for growth in the car sharing sector here. Currently, an average of two to three car-sharing vehicles serve eight blocks of flats.

However, the demand is much higher. 

“We looked at the market and the mobility needs of the country – we need at least 10,000 to 20,000 car sharing vehicles in Singapore, which will translate to only five to 10 cars for sharing per HDB carpark,” he said.

For car sharing to expand, technology needs to be a key part of the solution, said Mr Toh.

“Through the use of technology, we are trying to make sharing as good as owning, as dependable, as predictable, and much more affordable,” he said.

“Car sharing has to be good enough such that when we do need a mode of transportation that’s more comfortable, that’s more time saving, we can do that easily such that we don’t need to own cars anymore.”

He foresees that within the next decade, advances in technology can make car sharing more accessible, affordable and dependable, and ease the pains of families that need a car at times, but are not able to purchase one.

“If you give us five to 10 years, I think we (car sharing services) can get pretty close to what people expect out of owning a car. It will never be exactly the same, but I think we can get much closer,” he said.

[ad_2]

Source link