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Old 16th May 2013, 02:12 PM   #1 (permalink)
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COE system to be improved

COE system to be improved



Surcharge will be imposed on those buying 2nd car; Transport Minister says ERP2 will be a hybrid of Satnav and current system

By
Woo Sian Boon


SINGAPORE — The authorities are looking into improving the existing Certificate of Entitlement (COE) system to ensure greater equity among car buyers, said Minister for Transport Lui Tuck Yew at a visit to the Marina Coastal Expressway this morning.

With a greater number of luxury car makes belonging to Category A, the Ministry of Tranport is looking to refine the COE category for small cars (below 1,600cc) and bigger cars so that buyers of mass-market cars need not compete directly with buyers of luxury cars.

Options include considering new criteria such as engine power, or putting in additional requirements, such Category A cars not exceeding a certain engine power rating, said Mr Lui.

To better spread car ownership evenly among Singaporeans, a surcharge will also be imposed on individuals buying a second car or more.

Views from the public and stakeholders will be sought in consultations starting next month and a final decision made later this year.

In addition, a next generation ERP system based on global navigation satellite systems may soon be implemented to further manage congestion.

Under the ERP2 — a working name — motorists will be charged for driving based on distance, and not only at certain points, as with the current system.

It will be implemented on roads that are already priced under today’s ERP system.

“This will be fairer and more equitable to motorists as the changes will be proportional to the distance they travel on a congested road, in other words, proportional to how much they actually contribute to the congestion,” said Mr Lui.

Source: http://www.todayonline.com/singapore...em-be-improved

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Old 17th May 2013, 08:09 AM   #2 (permalink)
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Surcharge for second car owners being considered

Surcharge for second car owners being considered

More cash on top of the Certificate of Entitlement (COE) may be imposed on car-owners who want to buy a second car, while a car's engine power may be factored into the COE system to better delineate Category A from Category B.

By Hetty Musfirah Abdul Khamid
POSTED: 16 May 2013 10:34 AM


SINGAPORE: Those who wish to buy more than one car in Singapore may need to fork out more cash on top of their Certificate of Entitlement (COE) in future.

The government is considering imposing a surcharge for the second car onwards - owned by the same person.

The move aims to better spread car ownership more evenly, given the limited COE supply.

If implemented, the surcharge will not apply to existing multiple car owners.

Buyers of mass-market cars who are currently competing for COEs in Category A with buyers of luxury cars may also see some relief.

The government is looking at factoring engine power as a way to better delineate Category A from Category B to improve the COE system.

In 2012, models that are commonly viewed as higher end options such as Mercedes Benz, Audi and BMW, made up more than one-third of category A registrations, compared to less than seven per cent in 2010.

The government will begin seeking views from the public and motor dealers on the possible changes next month.

The process will likely take about two to three months.

Source: http://www.channelnewsasia.com/news/...co/676816.html

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Old 17th May 2013, 04:18 PM   #3 (permalink)
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Possible COE tweaks could affect wealthy buyers, luxury cars

Possible COE tweaks could affect wealthy buyers, luxury cars

Vehicles may be reclassified by engine power; those who want to own more than one car may have to pay surcharge

By
Woo Sian Boon


SINGAPORE — To rebalance the “distribution of car ownership”, as Transport Minister Lui Tuck Yew put it, two proposals were floated yesterday to reclassify cars under the Certificate of Entitlement (COE) system by engine power, for instance, and to impose a surcharge on motorists who want to own more than one car.

Speaking at a visit to the Marina Coastal Expressway — which will open at the end of the year — Mr Lui also announced that the Land Transport Authority (LTA) will conduct a consultation with the public and industry players on these proposals and changes would be implemented by next year.

The consultation is expected to start next month and will last for two to three months.

Mr Lui pointed out that last year, car models “commonly viewed as higher-end options”, such as the Mercedes C180 Kompressor and Audi A1, made up more than one-third of Category A (below 1,600cc) registrations, as compared to less than 7 per cent in 2010.

As such, buyers of these luxury car makes — which have higher open-market value (OMV) and horse power — have been edging out buyers of smaller, mass-market models. Said Mr Lui: “While this is a reflection of increasing affluence and consumer preference, we also want to make sure that Category A, which is intended for buyers of smaller, budget cars, retains its original purpose.”

One of the options the authorities are considering is to create a new criterion for Cat A and Cat B, such as to classify cars by engine power. Another option is having an additional requirement — for example, a maximum engine power rating — for Cat A cars, on top of the existing engine capacity criterion.

“Whatever decision we make, the market will be given ample time to adjust,” Mr Lui said.

Citing public feedback that “individuals who own more than one car deprive others of opportunities to own cars given the limited COE supply”, he said the Government would be looking to spread out car ownership “more evenly”.

Currently, about 7 per cent of car owners own more than one car, while these cars make up 14 per cent of the total number of cars here.

“I am open to considering sensible options that could possibly take the form of, for example, levying a surcharge for the second, third or more cars owned by the same individual,” he said. “The rationale would be that in exchange for the privilege of owning several cars, these owners should pay proportionately more by way of levies.”

He added: “There are ... downsides in such a proposal. Apart from the fact that some owners would circumvent the rule by registering the car in the name of a relative, such a policy could also fuel anti-wealth sentiments.”

Transport analysts whom TODAY spoke to welcomed the potential tweaks to the COE system, with some adding that an overhaul is needed for the 23-year-old system. National University of Singapore transport researcher Lee Der Horng said: “The policy direction is greatly appreciated but the devil is in the details.”

Motor dealers said that it may be difficult to determine the “appropriate cut-off point” if cars are categorised by engine power.

Said Singapore Vehicle Traders Association Honorary Secretary Raymond Tang: “Going by horsepower ratings, some smaller cars may be upgraded into Cat B while certain bigger cars may be downgraded into Cat A.”

This might lead to “confusion among buyers” and authorities could also go back to square one in trying to resolve the current situation, he said.

Mr Tang pointed out that, for example, if engine power rating is capped at 150kW and below for Cat A, the Toyota Camry — currently classified as a big car but has an engine power of 140kW — would be categorised under Cat A.

Mercedes and BMW models that currently fall under Cat A have engine power ratings of as low as 100kW.

During the Committee of Supply debate earlier this year, several Members of Parliament had suggested that classifying cars with OMV of below S$20,000 in Cat A.

NUS Business School Associate Professor Singfat Chu, however, said that “piecemeal adjustments” to the COE system would not make a difference. “With technological progress, engine power ratings will converge and we will be back to our current situation where engine size demarcations lose their effectiveness,” he said. He suggested a “radical overhaul” of the system where there would be only one category for cars and bids would be placed as a percentage of, say, the OMV of the vehicle. “This would be a simpler and fairer solution to social equity and allocation efficiency issues. Those who buy less expensive cars pay less in COE but everyone gets equal chance at getting a COE,” he said.

Observers, however, were sceptical about the idea to impose a surcharge on motorists who wish to own more than one car. Some of them pointed out that such a move could go against the intent of the COE system — which is to control the number of cars on the road.

NUS Business School professor Ivan Png cited an unintended consequence: Cars that are “used more intensely (first cars) would replace less-heavily used (second) cars”, leading to an increase in traffic congestion.

Source: http://www.todayonline.com/singapore...rs-luxury-cars

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