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MOT should clarify how changes to Singapore’s vehicle population and COE system fit into long-term vision

by Riah Marton
in Real Estate
MOT should clarify how changes to Singapore’s vehicle population and COE system fit into long-term vision
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AFTER earlier reluctance, the Ministry of Transport (MOT) is now open to reviewing two ideas with major implications for drivers: a one-off increase in the vehicle population alongside higher usage-based charges, and a separate Certificate of Entitlement (COE) category for private-hire cars (PHCs).

Both ideas have been raised repeatedly by Members of Parliament in the name of lowering COE prices to make cars more affordable.

But without more details, it is far from obvious how these changes might pan out.

In both issues, MOT has stressed the need to carefully study the trade-offs. These will need to be spelled out, along with an explanation of how measures fit into a larger policy strategy.

Such…



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Tags: ClarifyCOEFitLongTermMOTpopulationSingaporesSystemVehicleVision
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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