COE and Car Ownership Cost Set To Go Up

globalcookie · 23-10-2017, 07:59 PM

The Land Transport Authority (LTA) announced on Monday (Oct 23) that Singapore’s vehicle growth rate will be cut to zero,
down from the current 0.25 per cent, for all private passenger cars (Categories A and B) and motorcycles (Category D).

The change will take effect from February next year as the Government continues to steer Singapore towards becoming a car-lite society.

The growth rate for goods vehicles and buses in Category C will remain unchanged at 0.25 per cent until the first quarter of 2021.

LTA said this is to provide businesses more time to improve the efficiency of their logistics operations and
reduce the number of commercial vehicles they require.

LTA said that the move was “in view of Singapore’s land constraints and our commitment to continually improve our public transport system

23-10-2017, 07:59 PM	#1
globalcookie Dragon Join Date: Nov 2007 Posts: 1,446	COE and Car Ownership Cost Set To Go Up The Land Transport Authority (LTA) announced on Monday (Oct 23) that Singapore’s vehicle growth rate will be cut to zero, down from the current 0.25 per cent, for all private passenger cars (Categories A and B) and motorcycles (Category D). The change will take effect from February next year as the Government continues to steer Singapore towards becoming a car-lite society. The growth rate for goods vehicles and buses in Category C will remain unchanged at 0.25 per cent until the first quarter of 2021. LTA said this is to provide businesses more time to improve the efficiency of their logistics operations and reduce the number of commercial vehicles they require. LTA said that the move was “in view of Singapore’s land constraints and our commitment to continually improve our public transport system

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