Ways to control car population besides COE:
1) Minimum downpayment plan of 30% car's value, which means
maximum loan banks can give is 70%.This can be effected via
legislation.
2) Only those with income above $30,000 p.a. can secure loans
for cars.....just like the credit card system. Or if one does not
meet that income value, put down a collateral that is
three-quarters the car's value.
3) Increase MRT frequencies so that it becomes less packed and
give tax rebates or incentives to people who give up driving.
4) Impose higher road taxes for households that have high car to
individual ratios. Maybe 4 cars in a household of 4 people can be
considered in that category.
30% of a car value is abt $10,000 - $12,000 in
reality, you've forgotten the current car prices is incl of COE (In
fact COE price takes up 1/2 of the smaller car price). As like
downpayment for house, some ppl can find a way to fork for
it.
$30,000 pa?? Works out to be $2500 per mth.
How sure you can resolve MRT packness when everyone is going to
work or heading home at the same peak within peak timing? Just when
ppl accuse e PAP of dreaming, this part is a dream as well. Made
worst is how the MRT is routed thks to physical issues like you
can't have MRT line across the central catchment area.
Tat's why till to tis day I dunno which scholar came with the
idea of starting pri/ sec sch later, ends up e kids are squeezing
with ppl heading to work.
Then there's ppl who will die die need a car like those salesman
doing retailing/ distribution.
4 cars in household of 4??? How much parking lot can you
provide?? The money to build additional car parks for these?
As far as I know, the current ratio of no of
units to parking lot is less than 1:1 for HDB car parks.