[Full] COE: Fine tweaks or major overhaul? | The Straits Times roundtable

Senior transport correspondent Lee Nian Tjoe moderates a panel of experts as they discuss ways COE could change for the better. Read more: str.sg/ifFM
Panellists include:
- Associate Professor Walter Theseira, head of the urban transportation programme at the Singapore University of Social Sciences.
- Economist Ivan Png, Distinguished Professor at the National University of Singapore.
- Dr Victor Kwan, a senior lecturer with the Singapore University of Social Sciences and a former senior motor trader.
- Christopher Tan, ST senior transport correspondent.
- Say Kwee Neng, automotive consultant, and former motor trade veteran.
- Aaron Tan, co-founder and chief executive of used-car marketplace Carro.
00:00 COE: minor tweaks or major overhaul
00:20 What’s right or wrong about COE system?
02:00 Zero-growth policy too draconian?
03:00 Impact of private-hire vehicles (PHVs) on premiums
04:55 PHVs should be treated the same as taxis
06:18 COE still a supply and demand system
07:20 PHVs operate very differently from taxis
09:57 COE pricing doesn’t reflect value of driving anymore
11:40 Two problems with private transport: congestion & emissions
13:27 Problem of how to price different categories of road users
15:37 What’s behind COE volatility?
16:30 Turning on supply tap doesn’t mean proper pricing.
18:27 COE volatility not good for anybody
22:50 ‘Cut and fill’ move is the right way to go
23:10 Underlying problem is the fixed tenure duration
26:50 Limiting COE supply not solution to congestion
28:16 Govt should flip the switch on distance charging
29:40 What can be done to change the COE system?
33:44 Is there a correlation between car usage and COE prices?
37:00 Financing options for car buyers
42:58 Cost of owning a car in Singapore
48:13 Can’t believe we think $100,000 COE is reasonable!
50:03 Need to study the balance between COE and ERP
51:15 This is the moment to make a big reform
51:48 Actual usage needs to be reviewed too
52:59 What's the ideal COE system?
53:47 Vehicle and population should grow accordingly
54:29 Now’s a great time to revamp COE system
Follow The Straits Times on UA-cam: str.sg/ytsub
Turn on notifications 🔔 to stay updated
--------------------
WEBSITE ➤ www.straitstimes.com
WHATSAPP ➤ str.sg/whatsapp
TIKTOK ➤ / straitstimes
INSTAGRAM ➤ / straits_times
FACEBOOK ➤ / thestraitstimes
TWITTER ➤ / straits_times
TELEGRAM ➤ t.me/TheStraitsTimes
PODCASTS ➤ str.sg/stpodcasts
#straitstimes #coe #singapore #transport