COE prices should be expected to rise because of inflation.
10 years ago, a cup of coffee cost so little compared to today's coffee price. Everything is more expensive today than 10 years ago - food, petrol, property, etc. Salaries have also gone up for many people. So if many things are now more expensive today than 10 years ago, it should not be surprising that
COE prices can no longer be so cheap like $30k or $40k or even $60k.
COE prices should go higher than the current $64k for Cat A.
COE supply should also be cut as there is still too many cars on the road causing traffic jams which results in loss of productivity. Since we have already built so many new
MRT lines, more people should be taking the
MRT instead of driving. So, the car population needs to be reduced to ensure that the roads are not congested and the
MRT lines are fully utilized.