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With effect from Feb 1, the number of COEs available for bidding in each quarter will be the rolling average of the number of vehicles deregistered over the previous four quarters, instead of two.
For example, the number of COEs for the upcoming quarter of February to April will be 25 per cent of the number of vehicles deregistered from January 2022 to December 2022.
The number of COEs for the next quarter - May to July - will be 25 per cent of the number of vehicles deregistered from April 2022 to March 2023.
The start of each new COE quota bidding period will continue to be one month after the close of each calendar quarter.
With effect from Feb 1, the number of COEs available for bidding in each quarter will be the rolling average of the number of vehicles deregistered over the previous four quarters, instead of two.
For example, the number of COEs for the upcoming quarter of February to April will be 25 per cent of the number of vehicles deregistered from January 2022 to December 2022.
The number of COEs for the next quarter - May to July - will be 25 per cent of the number of vehicles deregistered from April 2022 to March 2023.
The start of each new COE quota bidding period will continue to be one month after the close of each calendar quarter.
