Fares need to strike a balance such that passengers remain willing and able to request rides and drivers are able to remain profitable on each trip. “ An increase in fuel cost does not necessitate an equivalent increase in total fares as the fuel cost is only one part of driver costs. As such, since the cost of these other determinants didn’t increase, it is unjustified that that drivers are demanding a 200% increase.
In that mail, Bolt said other items that play a big role in determining driver costs include car rental cost, vehicle maintenance/servicing cost, data/call cost, etc. Bolt also sent a mail which appeared to try to rationalise why a 270% increase in fuel prices mustn’t necessitated a commensurate hike in fares to its drivers. The Country Manager had, in a statement to Technext, contended that excessively high prices would discourage passengers from ordering rides and this will in turn affect drivers’ earnings. This was in response to a remark made by Bolt Country Manager, Yahaya Mohammed concerning the demands of the drivers. Customers can request the pick-up and drop-off points and track the location of the driver on the map in real-time.Bolt and Uber drivers currently boycotting the app companies for their refusal to increase trip fares to match the realities of fuel subsidy removal, have slammed the companies for trying to blackmail them into accepting unfavourable fares.Pay from the app using a credit or debit card.Taxis can be booked easily and in advance.Customers can see how much their trip is going to cost.Now the Bolt service has reinvented itself and become a platform for booking taxis very much like Free Now, but with one small difference: all the Bolt trips in Europe are 100% CO2 emissions-free.
Thanks to this success, many companies and apps emerged that dedicated themselves to renting out this mode of transport, such as Bolt, from where users could easily book a scooter and get around on it for as long as they needed to and then leave it at any drop-off point when they were done. In just a few years the electric scooter has become a widely used mode of transport, especially in big cities, because it is fast, easy to park, cheap, and eco-friendly.
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