Had the honor of supporting a leading automotive rental company to expand their fleet, as they became the first to provide Teslas to the retail car renting market in Singapore.
We saw that Singapore as a market was beginning to adopt a network of Electric Vehicle (EV) chargers, a new line of EVs that were priced lower than intercontinental vehicles, and a high possibility that the government was going to provide subsidies or tax cuts to EV buyers.
The inertia to commit would stem from anxiety around the EV owner lifestyle, and if the drivers’ routes had adequate infrastructure to support it. Allowing the interested EV buyers a financial solution to assuage this inertia and curiosity was an opportunity to monetise a growing consumer trend.
We felt that adding EVs to a car rental fleet would immediately differentiate the company from over the competition who did not have this option, and we had the opportunity to be the price setter for the market. From an operational costs point of view, EVs offered much lower maintenance and fuel costs compared to traditional gasoline vehicles, leading to cost savings in the long run.
I have known Faliq from G.O.P Wheels for over 12 years when I decided to support the addition of EVs to his fleet. Through the years, he has been an accountable leader, a responsible father, a loving husband, and a devoutly spiritual man. These are all testaments to his high value work ethic and passion, and it has been an honor to be able to be a part of his rapidly growing automotive rental company.
