Is it time to scrap COE categories for cars?
Let the COE system control population and rely on other, better instruments to manage access to mass market vehicles
Add BT as a preferred source
[SINGAPORE] On Mar 4, Acting Minister for Transport Jeffrey Siow announced that a review of the Certificate of Entitlement (COE) system is now taking place.
MPs raised the issue of the mainstream car COE premium being higher than that of the luxury category in February, largely due to huge demand for Category A cars, especially electric vehicles tuned to suit the category guidelines.
Addressing Parliament, Siow said that there is “probably still some merit to having some distinction” between mainstream and luxury cars.
TRENDING NOW
DBS to launch tokenised physical gold for retail customers in Singapore
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding at EGM
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce
