Reducing vehicle growth quota a right move: Tan Kin Lian

[MarrickG]

Reducing the vehicle growth quota for Singapore is a right move, former presidential candidate Tan Kin Lian said on Tuesday.

There are already too many vehicles in Singapore 'judging from the congestion on roads and the difficulty in finding parking spaces', Mr Tan wrote in his blog on Tuesday.

However, he wrote that Singapore's public transport should be improved, especially the feeder servces 'that brings commuters from their homes to the MRT stations or bus terminus'.

In order to keep costs low for commuters, these services can be exempted from taxes and other fees, he suggested.

At the same time, they will also provide employment opportunities for the older people who have driving licences.

He said: 'Many people have to buy cars due to difficulty in getting public transport, especially if there do not live close to the MRT station.'

'If there is a good system of affordable and convenient local transport, they may be willing to forego the expense of owning and using a private car.'

[email protected]

 

[congo9]

There are many ways to cut car growth on demand and supply side

1) Decrease the loan amount a car buyer can take and also increase the cash upfront for cars
2) If a family buys 2 or more cars, Govt can actually make these rich families pay more for the COEs.

By cutting the COEs, it will allow the cost of business to grow and it will eventually come full circle. Business will pass the business cost to the consumer !

Yes, it a right move. The way of implementation and after effect leave a lot to be desired though

 

[psy83]

There are many ways to cut car growth on demand and supply side

1) Decrease the loan amount a car buyer can take and also increase the cash upfront for cars
2) If a family buys 2 or more cars, Govt can actually make these rich families pay more for the COEs.

By cutting the COEs, it will allow the cost of business to grow and it will eventually come full circle. Business will pass the business cost to the consumer !

Yes, it a right move. The way of implementation and after effect leave a lot to be desired though

Solid Idea.. It does make lots of Sense.. 1 car per Household...
Less Loan available and more Up front instead of 0 dollar drive away.

 

[BuiKia]

By cutting COE, it also kills the car dealers. Many have sale targets to hit, if cannot hit, dealership will be taken away, like Mazda.
Govt cut COE as it is the easy way out and also will help them to make more money with higher COE prices but everyone else suffer.

Families with more than 2 cars to pay higher COE? This will never happen here. Why? Simply because the people setting the policy are the ones with more than 2 cars. You think Ministers with more than 2 cars will agree? Who will implement policy that will effect him adversely?

Smaller loan? This will affect the bankers. I'm sure we have Ministers whose family are linked to bankers too. You think will happen?

Everything boils down to one thing, popluation exploded so traffic becomes congested.

 

[RonRon]

2) If a family buys 2 or more cars, Govt can actually make these rich families pay more for the COEs.

Why punish the rich and successful? They contributed more to the society and not a liability to the country like the poor and lazy.