Singapore ‘open to’ idea of one-off rise in vehicle population

[ER-3682]

On 3/5/2024 at 9:30 PM, Invigorated said:

A lot is subjective but 'drop' is likely and that's why the implied need to increase other indirect forms of tax e.g. usage tax thru erp, parking tax...

More cars also mean more petrol taxes for the govt, but soon we will see $10 erp or even $20 erp. Matter of time. 

If you want to save, don't drive.

If you want to drive, be a slave..

If We don't want to Drive,We come to MyCarForum for what Purpose.?Look out for Naked Women.?Nah,won't find it here,anyway,ALL Members here are already ''Slave''.

[Unltd]

On 3/6/2024 at 6:22 AM, Mkl22 said:

You PHV driver ah? Drive more got discount. 🤣

No, I drive taxi… 😂

[Heartbreakid]

I wonder if there is no transition from current ERP to the backwards ERP -2.0, then why implement the installation? Till now, I still cannot accept that rubbish design and cannot understand which stupid idiot allow this idea to get through.

[Mkl22]

On 3/6/2024 at 7:35 AM, Heartbreakid said:

I wonder if there is no transition from current ERP to the backwards ERP -2.0, then why implement the installation? Till now, I still cannot accept that rubbish design and cannot understand which stupid idiot allow this idea to get through.

You can go govt directory for LTA to figure out the moron who signed off. 😂

[Calinlin]

@inlinesix car lite for the poor only.

In Singapore, only two types of people. Rich people and 不是人。

[Blueray]

On 3/5/2024 at 11:17 PM, Vratenza said:

When has it been an issue of no zero growth policy? We have all been fine and dandy with the fixed number of COEs fpr years.... Until PHVs/car rentals (bluesg/getgo) starts to replace Taxis on the road. 

Correct me if I am wrong, Taxis as a special categpry, do not deplete the Cat A/B/E quotas. 

So there we go again... Barking up the wrong tree... 

people have been saying leasing companies are the ones driving up COEs but these ministars keep denying it from the onset. sigh ... 🤷‍♂️

[Vratenza]

On 3/6/2024 at 6:35 AM, t0y0ta said:

I believe Taxis do not need to bid, but they will take the COE (and price) from Open Cat

Thanks for the correction, found the right information also to share here:

Quote

Under the new move, taxi operators will pay for COEs based on the Prevailing Quota Premiums (PQP) of CAT A, under the Vehicle Quota System. The PQP is a three month average average of COE prices. This is regardless whether the new taxi is a replacement for a deregistered one or for fleet expansion.

Additionally COEs used for fleet expansion will be taken from the CAT E, Open Category. 

https://www.sgcarmart.com/articles/news/lta-announces-removal-of-taxis-from-coe-bidding-process-8397

that means if the taxi fleet has been shrinking, there should not be fleet expansion and therefore CAT E is not being depleted for Taxi.

[Vratenza]

On 3/6/2024 at 8:14 AM, Blueray said:

people have been saying leasing companies are the ones driving up COEs but these ministars keep denying it from the onset. sigh ... 🤷‍♂️

if not leasing companies....ghost arh?

[Blueray]

On 3/6/2024 at 8:47 AM, Vratenza said:

if not leasing companies....ghost arh?

ya lor. iirc, even a major AD also said its leasing companies pushing up COEs.

 

[inlinesix]

On 3/6/2024 at 6:47 AM, jcmm said:

As long as it milks, who cares

They care.

1% pt increase in GST rate is about $1bn increase in revenue.

That’s 25% of COE revenue.

COE revenue will not increase over the years unless they ignore your vote.

[inlinesix]

On 3/6/2024 at 8:14 AM, Blueray said:

people have been saying leasing companies are the ones driving up COEs but these ministars keep denying it from the onset. sigh ... 🤷‍♂️

PHV allows them to achieve the end of car lite but high usage.

[Beehive3783]

On 3/5/2024 at 7:10 PM, Blueray said:

Singapore ‘open to’ idea of one-off rise in vehicle population, with higher usage-based charges: Chee

SINGAPORE is open to reviewing the idea of a one-off increase in its vehicle population, spread over a few years and accompanied by higher vehicle-usage charges to prevent congestion, said Transport Minister Chee Hong Tat on Tuesday (Mar 5).

But the trade-offs “are not straightforward, and need to be studied carefully before a decision is made”, he added during the debate in Parliament on his ministry’s budget.

Member of Parliament Saktiandi Supaat had asked if distance-based charging could allow Singapore to increase the total vehicle population while still achieving its car-lite vision.

Chee said his ministry was “open to reviewing the idea” of a one-off increase with higher charges. These usage-based charges could include location and time-based fees – as with the existing Electronic Road Pricing (ERP) system – or distance-based charging, where road users pay depending on how far they travel.

“However, it is not feasible to (rely only) on usage-based charges to prevent traffic congestion, as these would have to be set at very high rates, which might not be acceptable to many car owners,” he said.

Singapore would still need other ownership controls and measures such as parking charges, he added.

He also noted that taxi, private-hire car and delivery drivers would face higher usage-based fees as they travel longer distances. “We will need to examine the impact on these groups, though usage-based charging is, in principle, a fair approach,” he said.

The Land Transport Authority began the roll-out of the new ERP 2.0 system’s On-Board units last November. These units are equipped with satellite-based technology that can support distance-based charging, though the statutory board said at the time that there were “no immediate plans” to transition away from the current system.

https://www.businesstimes.com.sg/companies-markets/transport-logistics/singapore-open-to-idea-of-one-off-rise-in-vehicle-population-with-higher-usage-based-charges-chee

hmmm ... 

Why now? PAP scared of losing votes in the coming erections?  

[Beehive3783]

On 3/5/2024 at 7:23 PM, Benarsenal said:

It sounds like they don't know what they want.

They want votes. car population is something they can put aside for the period just before erections  

[inlinesix]

On 3/6/2024 at 8:58 AM, Beehive3783 said:

They want votes. car population is something they can put aside for the period just before erections  

CHT want to score point in MoT🤦🏻‍♀️

Let’s see how long he can stay

[Blueray]

On 3/6/2024 at 8:57 AM, Beehive3783 said:

Why now? PAP scared of losing votes in the coming erections?  

looking at details so far, I'd rather not have the one off COE increase cos it may not mean COE will go down, but with the COE increase usage costs (ERP, car park) etc confirm will go up.

better not accept this chicken wing lor ... 

[Beehive3783]

On 3/5/2024 at 10:58 PM, Macrosszero said:

Gahment will allow more people to own cars but not be able to afford to use them as much as they’d like

Song bo?

That's fine.. I guess a lot of people will choose to go JB instead. But whether they charge once border is crossed is another story  

[Beehive3783]

On 3/6/2024 at 6:35 AM, t0y0ta said:

I believe Taxis do not need to bid, but they will take the COE (and price) from Open Cat

Yes, no need to bid, just pay PQP

[Beehive3783]

On 3/6/2024 at 9:01 AM, Blueray said:

looking at details so far, I'd rather not have the one off COE increase cos it may not mean COE will go down, but with the COE increase usage costs (ERP, car park) etc confirm will go up.

better not accept this chicken wing lor ... 

Hmmm... LPPL situation. BUT as you know la with all news concerning the govt, any articles that use words like "proposed" or "projected" or "studying" usually means it's already confirmed. Just how big or small the chicken wing is