In Parliament
Oral Reply by Senior Minister of State for Transport Dr Amy Khor to Parliamentary Question on the Availability of Private Hire Cars and Demand for COEs
7 January 2025
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
Mr Desmond Choo asked the Minister for Transport in respect of the addition of another two ride-hailing operators in 2025
a. what is the Ministry’s assessment of the impact on the availability of private hire cars on the road and ride fares; and
b. what is the Ministry's assessment of the impact on the availability of Certificates of Entitlement.
Reply by Senior Minister of State for Transport Dr Amy Khor:
1. The supply of private hire cars and the fares for ride-hail services are driven primarily by changes in the underlying demand for point-to-point trips. The entry of two new ride-hail service operators will offer drivers and commuters more choices of which platforms to be matched for a trip based on their preferences.
2. From 2022 to 2024, the bulk of the demand for Categories A and B Certificates of Entitlement (COE) has been from local individual buyers. As highlighted previously, the COE supply for Categories A and B will continue to increase every quarter before reaching the projected peak supply from 2026.