Car sharing heats up amid high COEs, generational shift in ownership mindset
Car sharing platforms aiming to capture new demand with larger fleets as technology, new business models make business more sustainable
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CAR sharing is looking more and more attractive to drivers, as certificate of entitlement (COE) prices skyrocket and a generational shift away from car ownership takes hold.
Recent COE bidding saw category A COEs surge past S$71,000 for the March tender exercise, on a constant upward trend from S$57,599 in January 2022.
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