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Cars are dirty, and smelly. Why would institution still pouring free money into Singapore car sharing hope? If car sharing is a wise option, why would France give up their Electric car business rental here recently, but kept it's charging stations in Singapore. Free money is entering Singapore, you will witness raising housing prices and ever increasing COEs and OMVs price across miniature rich country like Singapore.
The scheme that will likely attract the most people to buy an electric car is the EV Early Adopter Incentive (EEAI). As announced by LTA in February 2020, the EEVI provides an ARF rebate of 45% when car buyers purchase a fully electric car from 1 January 2021 to 31 December 2023. Even with a rebate of 45% on electric cars. Ownership of electric vehicles in Singapore still overprice compare to combustion vehicles.