Jump to content


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: 1,416 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
Volkswagen might be on the cusp of the electric car revolution, but it’s painfully aware it needs...
POPULAR BLOG POSTS
Photo
Over 70 MyCarForum (MCF) members gathered at the Skoda Centre Singapore located along Leng Kee Ro...
Photo
Subaru will be showing off its Forester STI concept that is set to appear at Tokyo Auto Salon 201...
Photo
To make sure the brand stays exclusive, Lamborghini CEO Stefano Domenicali has stated that he wan...
Photo
The 2019 Mazda 3 introduces a new font to the Mazda Brand called Mazda Type, this new typeface wi...
Photo
Grand Tour host James May has given us a short Q & A video while he visited the salon. Watch...
   Lifestyle Articles