Creating this new COE category will mean taking certificates from the two car COE categories, said Acting Transport Minister Chee Hong Tat. Read more at straitstimes.com.
In the last three quarters till October, demand for COEs from car-leasing firms that register vehicles for private-hire cars was lower than that in 2022.
Yet, if the authorities do not move enough quota to this category, drivers will have to contend with inadequate vehicles to rent and commuters could be inconvenienced by supply shortages. Mr Chee said that in the last three quarters till October, demand for COEs from car-leasing firms that register vehicles for private-hire cars was lower than that in 2022.
“We will study if there are further options beyond COE bidding to address the concerns with car-leasing companies, recognising that private-hire cars do travel longer distances on our roads,” Mr Chee said. “But they also serve an important function in providing point-to-point services for Singaporeans.”
In contrast, foreigners clinched just 1 per cent of Category A COEs and 4 per cent of Category B COEs.In 2012, about 19 per cent of car-owning households have multiple cars. At present, it is at less than 15 per cent. This translates to just 5 per cent of all households in Singapore, since about one-third of households own cars, said Mr Chee.
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