DISCUSSION OVER PRIVATIVE Get CARS
There is one more critique that has recently come to light, and it is yet another illustration of the inability to comprehend the fundamental elements of COE system.
The increase in demand and consequently the cost of COEs are attributed to personal use cars. They are held accountable because they are large corporations with the means to undercut regular people.
Although it may be accurate, this misses the bigger place.
Consider Grab and Gojek as businesses that divide the rights fees of the priciest cars in the world among the thousands of users. & nbsp,
You don’t want to pay the large Department price to drive, do you? You can do this with the help of personal rent cars.
Since you only have to pay for use, they are the most usage-based cars.
There should be even more secret get cars on the road, according to those who contend that Singapore should switch from an ownership-based to a usage based car policy, which I think is the right course of action.
I have a vehicle, ouch! It hurts a lot! but on vacation I give my daughter, who has a young child and another on the way, the tips. On vacation, when I rely on Grab and public transportation to get around, they require it more than I do.
I’ve always found personal rent cars to be practical and frequently dependable. They are a boon given the high existing rights charges of automobiles. & nbsp,
The COE plan: Is it ideal?
It’s not, but there isn’t any other option that works as well to reduce traffic congestion, which is a significant issue in some places.
When traveling is postponed, the moment spent in a mess is lost forever and is never recovered.
In contrast, the funds obtained from COE payments can be put to good use for the general public, such as by funding public transportation.
The scheme’s biggest flaw, in my opinion, is the fluctuating rates from month to month. & nbsp,
Policy should, in my opinion, be repetitive and secure. When the product or service hasn’t changed, it shouldn’e lead to price differences that are drastically different.
For instance, prices could drop as a result of the recently announced COE limit increases from November to January 2024.
However, it will only be a short-term revision and won’t change the long-lasting pattern. These arbitrary rate changes only increase the uncertainty of the market.
Alternatively, the government should work to balance out the limit amounts over a long period of time, like five times, in an effort to make charges more stable and predictable.
The COE statistics for the following five should be released every five years. This will give the business a clear indication that the statistics have been fixed and deter irrational bids.
Motorcyclists, who typically come from lower-income households, are one party I sympathize with. In equal terms, great COE prices hit them harder.
Since there is a normal cap on their numbers, I believe the officials should be more lenient with the COE limit for this group. Not all wants to ride a bicycle for different reasons, so it’s possible that raising the limit will help bring the cost down to more manageable amounts.
It is worthwhile to try and will significantly relieve low-income communities. & nbsp, The road ahead will likely be jam-packed with record-breaking price levels for the other categories. The following are: & nbsp, , SNP, BSP, NBP, A & NBPS,
Former newspaper editor Han Fook Kwang is a Senior Fellow at Nanyang Technological University’s S Rajaratnam School of International Studies.