Singapore has a unique system for allowing cars to stay on the road. Every vehicle must be granted a Certificate of Entitlement (COE) as part of a bidding process, which grants permission for it to be driven for a maximum of 10 years.
(Feb 13): The Singapore government reaped billions of dollars more in vehicle quota premiums and car taxes than it projected as the cost of driving reached record highs in the city-state.
Vehicle quota premiums raised S$8.66 billion in the year ending March 2026, about 31% more than the government initially estimated a year ago. When combined with motor vehicle taxes, it brings the total to S$11.05 billion — an amount greater than the annual gross domestic product (GDP) of Fiji.
