LTA proposes merging COE car categories, with fees and rebates for different models
Singapore's Land Transport Authority has proposed merging car COE categories and introducing a fee-and-rebate system based on open market value. The change aims to address the impact of electric vehicle technology on current vehicle classification systems.
Why it matters
This policy shift could significantly alter the cost of vehicle ownership in Singapore, impacting both mass-market and luxury car buyers.
Buyers of higher-end cars could pay up to S$30,000 more than mass-market buyers.
Vehicles on Singapore's roads. (File photo: TODAY/Nuria Ling) New: You can now listen to articles. This audio is generated by an AI tool.
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