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Singapore implements a three-year lock-in for ride-hailing cars to stabilize vehicle supply.
The Land Transport Authority in Singapore has imposed a three-year lock-in period for private-hire cars used in ride-hailing services, effective February 19.
This rule aims to stabilize the supply of vehicles for ride-hailing services by preventing businesses from quickly converting cars out of the chauffeured private-hire car scheme.
It does not affect privately-owned PHCs or those used for self-driving services.
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Singapur implementa un bloqueo de tres años para los automóviles de transporte para estabilizar la oferta de vehículos.