Official Kia agent Cycle & Carriage has signed an agreement to supply Premier Taxis with 700 units of the all new Niro Plus Hybrid over the next year.
All taxi operators have followed ComfortDelGro's lead in reducing rental rebates for the moth of June, although rental rates still vary across companies.
More cabbies are banding together to do their bit for charity every month by pooling spare cash to purchase necessities and delivering them to the needy.
Taxi firms took a big hit from private-hire companies earlier this year, but have since started partnering up with them.
Making its debut at the Frankfurt International Auto Show, the London EV Company's TX all-electric six-seater taxi is now ready for the European market.
Since late last year, taxi firms such as TransCab and Premier have been cutting rentals by up to 40 percent to attract hirers.
'Dynamic pricing', as used by GrabCar and Uber, means private-hire cars are generally cheaper than taxis during off-peak hours and after midnight.
Surge pricing adopted by private-hire apps has drawn flak from some commuters, after fares rocketed during periods of exceptionally high demand.
The fares, which will range from a few dollars to $100, are quoted upfront and could be lower or higher than standard metered rates; depending on demand.
Grab declined to confirm what percentage of the cut it would take and would only say that it would release more details next week.
Grab will be rolling out a new taxi service - JustGrab - which will provide fixed upfront fares when booking a taxi but will also be subject to surge pricing.
Second Minister for Transport, Ng Chee Meng, said that taxi companies should ensure dynamic pricing improves with the supply and demand of taxi services.
During major rail breakdowns, commuters have complained of Uber fares exceeding $140 - four to five times that of a usual taxi fare.
Premier, the fourth biggest cab operator here, has increased the base fare for three of its taxi models by 40 cents to $3.60.
Three taxi firms, SMRT, Premier and Prime, have been penalised with fines for not meeting taxi availability yardsticks.
ComfortDelGro has managed to fully meet the taxi availability standards set by the transport authorities while the other taxi companies all had lapses.
Taxi drivers typically work longer than other groups and as a result, many of them have a strong work identity and find it hard to retire.
Commuters can rejoice as the Land Transport Authority (LTA) has given the go ahead for three cab companies to expand their fleet next year.
Premier Taxi will follow market leader ComfortDelGro to raise fares for its Mercedes cab fleet starting next Wednesday.
Two new models join the local taxi lineup - a total of 500 Renault Latitudes and 50 Toyota Prius hybrids - and will both command higher flagdown rates.