Sharing his views on the factors for the growth of car-sharing in Singapore, SMU Assistant Professor of Strategy & Entrepreneurship (Education) Terence Fan explained how this could be due to a notable shift in people’s commuting patterns after Covid-19. He also said that the demand for car-sharing services may have experienced an uptick as individuals seek more efficient means for their cross-town journeys. Asst Prof Fan also noted that car-sharing rental rates are typically lower than conventional car rental rates and hence charge a rate that is higher for repairs. He hence advised users to protect themselves by recording a video of themselves inspecting the vehicle before and after use.
