As at end 2016, there were 601k cars and 142k motorcycles.
At 0.25% growth rate, it means 1,500 car and 350 motorcycles (estimate) growth per year. With 0 growth, these figures will vanish. COE will be based on vehicles scrapped.
Eg. Of there are 500 cars scrapped per quarter, there will be 500 COE in the following (whenever... ) quarter. The shortfall of 375 COEs per quarter (1,500/4). COE price will go up.
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