4 ms·

$.50 / minute in Singapore sounds rather expensive. Is it not?

blackoil 9y ago
It's Singapore. Cars are costly, difficult to get and starting Feb. no net new car will be added to the country. Though public infrastructure is excellent and taxi is an option, so self driving anyway have a limited appeal.
nordsieck 9y ago
It costs around $50k (Singaporean) to buy the right to own a car for 10 years. https://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/COE_Result_2015_2017.pdf https://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsR...
- Someone 9y ago
  For those who don’t know what this is about: Singapore each month holds an auction where people bid for the right to drive a car. https://en.wikipedia.org/wiki/Certificate_of_Entitlement https://en.wikipedia.org/wiki/Certificate_of_Entitlement: ”Before buying a new vehicle, potential vehicle owners in Singapore are required by the Land Transport Authority (LTA) to first place a monetary bid for a Certificate of Entitlement (COE). The number of available COEs is governed by a quota system called the Vehicle Quota System (VQS) and is announced by LTA in April of each year with a review in October for possible adjustments for the period of one year starting from May. Approximately one-twelfth of the yearly quota is auctioned off each month in a sealed-bid, uniform price auction system and successful bidders pay the lowest winning bid.” For $50k, you can rent one of these cars 100,000 minutes, or 10,000 minutes a year, or slightly less than half an hour a day. And for that $50k you don’t even get a car, let alone gas and maintenance.
jpatokal 9y ago
Not in a country where a Toyota Corolla costs upwards of $100,000.
gamegoblin 9y ago
The nicer car2go vehicles are $0.45/min in Seattle ($0.35 for the smartcars that they are deprecating). I'm not sure how the traffic in Singapore compares, though. In my experience, car2go is usually 2/3 the price of an Uber/Lyft
- vadimberman 9y ago
  It's a different dollar, too. 1 SGD = 0.74 USD
agumonkey 9y ago
is it a flat fee ? could make a lower cost for long rides (doubling as incentive)
- jesterson 9y ago
  Flat so far, but they will deploy some promotions for sure

It's Singapore. Cars are costly, difficult to get and starting Feb. no net new car will be added to the country. Though public infrastructure is excellent and taxi is an option, so self driving anyway have a limited appeal.

nordsieck 9y ago

It costs around $50k (Singaporean) to buy the right to own a car for 10 years. https://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsResearch/files/FactsandFigures/COE_Result_2015_2017.pdf https://www.lta.gov.sg/content/dam/ltaweb/corp/PublicationsR...

Someone 9y ago
For those who don’t know what this is about: Singapore each month holds an auction where people bid for the right to drive a car. https://en.wikipedia.org/wiki/Certificate_of_Entitlement https://en.wikipedia.org/wiki/Certificate_of_Entitlement: ”Before buying a new vehicle, potential vehicle owners in Singapore are required by the Land Transport Authority (LTA) to first place a monetary bid for a Certificate of Entitlement (COE). The number of available COEs is governed by a quota system called the Vehicle Quota System (VQS) and is announced by LTA in April of each year with a review in October for possible adjustments for the period of one year starting from May. Approximately one-twelfth of the yearly quota is auctioned off each month in a sealed-bid, uniform price auction system and successful bidders pay the lowest winning bid.” For $50k, you can rent one of these cars 100,000 minutes, or 10,000 minutes a year, or slightly less than half an hour a day. And for that $50k you don’t even get a car, let alone gas and maintenance.

jpatokal 9y ago

Not in a country where a Toyota Corolla costs upwards of $100,000.

gamegoblin 9y ago

The nicer car2go vehicles are $0.45/min in Seattle ($0.35 for the smartcars that they are deprecating). I'm not sure how the traffic in Singapore compares, though. In my experience, car2go is usually 2/3 the price of an Uber/Lyft

vadimberman 9y ago
It's a different dollar, too. 1 SGD = 0.74 USD

agumonkey 9y ago

is it a flat fee ? could make a lower cost for long rides (doubling as incentive)

jesterson 9y ago
Flat so far, but they will deploy some promotions for sure