A total of 4,789 COEs comprising over-projections from 2008 and 2009 and expired COEs from 2009 were scheduled for bidding from August 2012 to January 2014. These will be postponed till August 2013 and run till January 2015, allowing for 266 more COEs or about 7% of the current monthly quota per month.
Also announced was a reduction in contribution rates to CAT E COEs. Currently, 25% of COEs from de-registered vehicles in each category form the quota for the CAT E open category, and can be used to register vehicles from CAT A to CAT D.
However the contribution rate to CAT E will be gradually reduced to 20% from August 2012, and 15% from February 2013. Through this more COEs from de-registered vehicles will return to their respective categories, leaving fewer quotas in CAT E.
The COE quota for the periods of August 2012 to January 2013 will be announced in July 2012.