![](http://i.i-sgcm.com/news/article_news/2011/4880_p1_s_1.jpg)
According to the LTA, the current annual vehicle population growth rate of 1.5% has outstripped the average annual road growth of about 1% in recent years. As road growth is expected to slow down to about 0.5% p.a. on average over the next decade, it is not sustainable to maintain the vehicle growth rate at 1.5%. The lower vehicle growth rate will be more closely aligned to the pace of road growth going forward.
The lower vehicle growth rate is not expected to have a large impact on the COE supply in the next few years, especially in the context of an expected uptrend in vehicle de-registration numbers. The annual vehicle population growth rate will be reviewed after three years, and the COE quota for the COE bidding period from February 2012 to July 2012 will be announced in mid-January 2012.
Source: LTA