COE prices fall despite buying interest being whipped up at last week’s Singapore Motor Show.
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The Singapore Motorshow opened on Thursday (Jan 11) with over two dozen new model launches – the most extensive selection since the event started a quarter century ago.
There are now around 20,000 hybrid passenger cars in Singapore, making up more than 3 percent of the population – four times what it was in 2012.
Petrol-electric taxis now make up about 17% of fleet, compared with none just a decade ago.
COE prices ended mixed at the latest round of bidding, on Jan 4, 2018.
The new Vehicular Emissions Scheme aims to keep CO2 emissions in check, while also protecting human health from the other pollutants.
COEs finished mostly lower in the last round of bidding in 2017.
The authorities must examine if there is indeed a need for the motor industry to be better regulated.
Vehicle registration and transfer fees among the 24 out of 61 vehicle-related fees set to rise.
COE prices finished mixed in the round of bidding that ended on Nov 22, 2017.