LTA reallocates 300 more COEs for smaller cars in Oct to meet anticipated demand

THE number of certificates of entitlement (COEs) for smaller cars will be increased by 300 pieces in October, spread across the two tender exercises.

This means that there will 780 such COEs available at the next two tenders, a 23.9 per cent increase from the average of 630 COEs for cars with engines up to 1,600 cc and 130 bhp, as well as electric vehicles (EVs) up to 110 kW, seen in the exercises held between August and September.

Announcing the move on Friday (Sep 29), the Land Transport Authority (LTA) said the reallocation was made to “meet anticipated demand from car buyers following the September announcement of changes to the Vehicular Emissions Scheme (VES)“.

The COE supply is determined on a three-month basis with the number of deregistrations in the previous period being the main determinant of the supply.

For the current quota period from August to October, the LTA had brought forward 700 COEs from cars with five-year non-extendable COEs that would have to be deregistered in the future.

The move to reallocate such non-extendable COEs to the current period was announced in May this year. Those COEs have since been added to the supply for the May to July and August to October quota periods. THE STRAITS TIMES