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
Singapore private housing is ‘decoupling’ from HDB market as buyer pools diverge: NUS survey
Simba’s 5G spectrum hurdle may accelerate Singapore’s telco market reset
Yen hits 40-year low in historic slide that’s rattled Japan
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
