“The objective of the public consultation is to seek views on how to more effectively distinguish between mass-market and higher-end cars in the COE system, while allowing COE prices to continue to be determined by market forces,” said LTA.
It comes after Transport Minister Jeffrey Siow said at the ministry’s Budget debate in March that he had asked LTA to review the issue.
The agency engaged more than 200 members of the public, academics and automotive industry representatives on their suggestions for the COE system, which allocates vehicle quotas to control traffic congestion in Singapore.
“As vehicle technology and the vehicle market continue to evolve, it is timely to review whether the current categorisation of cars remains fit-for-purpose. Through this consultation, we invite the public to share their views on the proposed changes and trade-offs involved,” said LTA chief operating officer Lim Zhijian.
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