DRASTIC cuts in the supply of certificates of entitlement (COEs) have put a brake on the vehicle population’s turbocharged growth rate.
According to Land Transport Authority (LTA) statistics, the total number of vehicles stood at 945,829 as of end-2010, up 2.2 per cent from 2009.
The car population was up 3.2 per cent to 597,746.
Although the growth rates still bust the 1.5 per cent annual cap worked into the COE system, they are the smallest increases in the last five years.