Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

0

LTA to cut vehicle growth rate for the next three years

By BenCee on 15 Oct 2011

Attached Image: 01.jpg

And so, the LTA has announced the news that we were all expecting.

The annual vehicle growth rate will be lowered from the current 1.5% to 1.0% in 2012, and then to 0.5% in 2013 and 2014.

It's a topic that has been discussed previously, but the full implications of the reduction will only be known once it comes into force next year.

However, LTA claims that it is unlikely to have a huge impact on COE supply (hence prices) when the measures kick in, as it expects a rise in vehicle deregistration during this period, hence balancing out the cut in growth.

Whether this will pan out to be the case, remains to be seen.

But it's encouraging that Transport Minister Lui Tuck Yew has been listening to feedback, and considering all viewpoints before announcing any drastic implementations, as can be seen here.

Let's hope that Singapore's transport system can finally move on to become world class, whether it be public or private transport.

motoring, traffic and 9 more...

Viewed: 881 times

Related Blog Posts
BenCee
Written by BenCee
A petrolhead from young, Ben is living the dream, writing about cars...



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
The guide, while not mandatory, comes amid rising car complaints, mainly about defects. It is dev...
POPULAR BLOG POSTS
Photo
Ferrari profit skyrocketed 36% during the first quarter of 2017. Demand substantially increased f...
Photo
Jonny Lieberman of Motor Trend takes the all new 2017 Ford Raptor for a spin. Professional racer...
Photo
The Honda Civic Si was recently unveiled and will go on sale in America next month. It will sit...
Photo
Feel like having your McLaren 570GT as light as possible? McLaren's new feather wrap option i...
Photo
As things get a little heated up between North Korea and the United States, drivers in North Kore...
   Lifestyle Articles