with an unchanged target price of $1.40, amidst an expected increase in demand for its services, and the company’s commitment to moving towards sustainable options.
This confidence in the land transport company’s increase in demand is further supported by a recent survey by The Straits Times, which shows that despite the wide adoption of ride-hailing services, hiring taxis by way of street hailing were the cheapest way for a point-to-point ride. It rolled out 100 BYD e6 electric taxis in 2022, and has plans to have up to 1,000 of these vehicles by 2024. The group also operated 56 diesel hybrid/electric buses under its Singapore public bus businesses, as at the end of 2022.
CDG’s driving centre has also added five electric cars to its training fleet, and will grow the electric car training fleet to 100 by 2030.