All Singapore Stuff stirring shit giving its readers the impression that LTA increases COEs that will jammed up our roads.
Most of the new COEs comes from replacement COEs and expired COEs. In the end, the number of vehicles on the road are still the same. So how will that jammed up the road more due to the increase?
According to LTA, the COE quota consists of three components – the provision for the 0.25 per cent per annum vehicle growth was based on the vehicle population as at Dec 31 last year; the replacement COEs from vehicles de-registered over the preceding three-month period of October to December 2016; and adjustments for changes in the taxi population, replacement of commercial vehicles under the Early Turnover Scheme and expired COEs.