Rationale for Current Structure of COE Categories and Impact of Increase in Number of COEs

31 Mr Yip Hon Weng asked the Minister for Transport (a) whether the Ministry can elaborate on the rationale for the current structure of COE categories, especially regarding the use of power output as the basis for categorisation, in view of the influx of new electric vehicle brands which has crowded the pool of COEs in Category A and impacting COE prices and affordability for families; and (b) what adjustments are being considered to balance sustainable EV adoption with accessibility to and affordability of mass-market family cars.

32 Ms See Jinli Jean asked the Minister for Transport in respect of the injection of COEs from February 2025, whether the Ministry can conduct a study on how the increase in the number of COEs will impact the point-to-point transport sector in terms of the number of taxis and private-hire vehicles.

Mr Chee Hong Tat: I thank the Members for their questions. These Questions have been addressed in the reply to Parliamentary Question Nos 3 to 6 for Oral Answer at the 12 November 2024 Sitting. [Please refer to "Review of Zero Vehicle Growth Policy, Vehicle Quota System and Rebates Given High COE Prices, Increased E-vehicles Adoption and Roll-out of ERP 2.0", Official Report, 12 November 2024, Vol 95, Issue 146, Oral Answers to Questions section.]