Yesterday, it was announced that Singapore will cap vehicle growth in the Lion City to zero. This is down from the current growth rate of 0.25 per cent. The government is trying to make Singapore a car-lite society and increase the use public transportation.
For e27 readers, the question is, will it hurt or harm the ride-hailing industry? And to that point, should the authorities care?
Singapore has become a regional leader in ride-hailing; Grab has grown into a global company and Uber is still doing quite well for itself.
Will this decision hurt or harm the industry? It does mean there will be less cars for pickups, but it also will make purchasing a vehicle more difficult — increasing the amount of people looking for rides.
What do you think e27 community?
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