LTA to inject up to 20,000 new COEs starting February 2025
It will also adjust Electronic Road Pricing charges as needed.
The Land Transport Authority (LTA) will inject up to 20,000 additional Certificates of Entitlement (COEs) across various vehicle categories starting from February 2025 over the next few years.
The move aims to address demand pressures within Singapore’s COE system. In line with this measure, the LTA will monitor traffic conditions and adjust Electronic Road Pricing (ERP) charges as needed.
Additionally, the authority is eyeing further vehicle population adjustments as new data and technological tools become available, including the potential implementation of distance-based charging.
This approach mirrors the government’s action between 1997 and 2003, when 10,500 COEs were added to the allowable vehicle population growth rate following the introduction of the ERP system.