Jump to content

MyCarForum Logo
Search
Magnifying glass

SEARCH

0

LTA's measures to control car population growth

By PetrolHead on 30 May 2012

Attached Image

In October 2011, the Land Transport Authority (LTA) announced a reduction in vehicle growth rates from the current 1.5% p.a. Now LTA announced it has completed the study and will implement measures with effect from August 2012.

Attached Image

Following the review, the vehicle growth rate will be reduced to 1.0% p.a. from August 2012, before a further reduction to 0.5% p.a. from February 2013 to January 2015. This allows for an estimated 390 more COEs, or about 10% of the current monthly quota from August 2012 to January 2013.

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.

Attached Image

Through these two measures LTA aims for a smoother transition to lower vehicle growth rates, as the Government continues to manage vehicle population growth.

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.

discussions, other news and 10 more...

Viewed: 1,348 times

Related Blog Posts
PetrolHead
Written by PetrolHead
A passionate motoring enthusiast since little, Akram's articles gives alternative insights on the latest motoring news.



 
Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Photo
Purchase MPM engine oils and stand a chance to win $500 cash and a three-year supply of MPM...
POPULAR BLOG POSTS
Photo
F1 Legend Michael Schumacher could be taken to the US for specialist treatment after his catastro...
Photo
As part of its future plans, Mazda has announced that it will be introducing a new generation of...
Photo
The British firm's first EV could go into production as early as 2019 and will build on EXP12...
Photo
Impressed with what the red Subaru WRX from the movie "Baby Driver" can do? Here's yo...
Photo
The Volvo XC40 is to be officially revealed, although a series of leaks and previews give us a go...
   Lifestyle Articles