Uber, losing billions, freezes engineering hires

Re:Uber, losing billions, freezes engineering hires by djsumdog on Sunday August 11, 2019 @03:29AM (#20666877)

Well in Singapore, you need a COE just to buy a car, and those can run $40k~$60k depending on the car type and how many people are bidding for the limited amount of COEs. That's not including the cost of the car, or the fact that the COE is only good for 10 years (extensions are for 7 years, cost just as much and so you're better off just selling/scrapping the car).

Singapore is one of the largest exporters of used cars because of this crazy system. It does reduce their emission though and they have an amazing fully automated (driverless) train system.

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Re:Uber, losing billions, freezes engineering hires by barrkel on Sunday August 11, 2019 @04:25AM (#20667059)

I don't really see the crazy? Only downside is that need for a car (think disabled, or parents with disabled children) isn't correlated with wealth or income, so it may not be as fair as other systems, but rationing by price is fairly transparent.

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Re:Uber, losing billions, freezes engineering hires by CydeWeys on Sunday August 11, 2019 @10:56AM (#20668433)

I wish we had something like it in NYC! We're getting a congestion tax soon for part of Manhattan though, so that's a start.

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Re:Uber, losing billions, freezes engineering hires by philliphaydon on Sunday August 11, 2019 @03:56AM (#20666967)

Can’t really blame Singapore tho. If they didn’t have a system as they do. The whole country would be in gridlock.

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Re:Uber, losing billions, freezes engineering hires by TheGrassyKnoll on Sunday August 11, 2019 @12:03PM (#20668717)

COE == Certificate of Entitlement

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Re:Uber, losing billions, freezes engineering hires by shoo on Sunday August 11, 2019 @04:17AM (#20667036)

thanks for explaining about COEs for running a vehicle in Singapore. I'd never heard about them. There's a bit more here for curious reader: https://www.valuechampion.sg/basics-of-coe

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