Nowadays, when you de-registered a car in Singapore, The Land Transport Authority (LTA) will give you the PARF/COE rebate for you to either sell to a dealer or use to off-set your new car. In an effort to get people to give up his or her car, Transport Minister Raymond Lim said today that the LTA to work on a study with the Finance Ministry to see if the PARF/COE rebates can be given out in cash instead.
If the idea is to get people to give up their car, you can forget about this idea! Can someone tell me how would giving cash get a motorist to give up his car? What is to stop the motorist from using the cash rebate to buy another vehicle?
If you really are interested in lowering the car population in Singapore, here's a suggestion: "Increased the cost of owning and maintaining a car." In money-minded Singapore, taking money from Singaporeans' pocket is the best way to lower the car population. Increase Road Tax, increase parking prices, and there will be a drop in the population.
That's what the government should be doing.