Senior transport correspondent Lee Nian Tjoe moderates a panel of experts as they discuss ways COE could change for the better. Read more: https://str.sg/ifFMPanellists 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 overhaul00:20 What’s right or wrong about COE system?02:00 Zero-growth policy too draconian?03:00 Impact of private-hire vehicles (PHVs) on premiums04:55 PHVs should be treated the same as taxis06:18 COE still a supply and demand system07:20 PHVs operate very differently from taxis09:57 COE pricing doesn’t reflect value of driving anymore11:40 Two problems with private transport: congestion & emissions13:27 Problem of how to price different categories of road users15:37 What’s behind COE volatility?16:30 Turning on supply tap doesn’t mean proper pricing.18:27 COE volatility not good for anybody22:50 ‘Cut and fill’ move is the right way to go23:10 Underlying problem is the fixed tenure duration26:50 Limiting COE supply not solution to congestion28:16 Govt should flip the switch on distance charging29:40 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 buyers42:58 Cost of owning a car in Singapore48:13 Can’t believe we think $100,000 COE is reasonable! 50:03 Need to study the balance between COE and ERP51:15 This is the moment to make a big reform51:48 Actual usage needs to be reviewed too52:59 What's the ideal COE system?53:47 Vehicle and population should grow accordingly54:29 Now’s a great time to revamp COE systemFollow The Straits Times on YouTube: https://str.sg/ytsubTurn on notifications 🔔 to stay updated--------------------WEBSITE ➤ https://www.straitstimes.comWHATSAPP ➤ https://str.sg/whatsappTIKTOK ➤ https://www.tiktok.com/@straitstimesINSTAGRAM ➤ https://www.instagram.com/straits_timesFACEBOOK ➤ https://www.facebook.com/TheStraitsTimesTWITTER ➤ https://twitter.com/straits_timesTELEGRAM ➤ https://t.me/TheStraitsTimesPODCASTS ➤ https://str.sg/stpodcasts#straitstimes #coe #singapore #transport