I said I never needed a car there :) I can get anywhere by cab in like < 30 mins so I never saw the need to have one. However there are plenty of ultra rich people living there and also many driving luxury cars. It's also a status symbol there(Credit card/Condo/Car).

~$100,000 every 10 years is expensive, but I think even in a lot of countries with good public transport, there would be a large number of people who would consider paying $1,000 a month to be able to have a car if that was the only way to have one. It seems to me as though a lot families share a car quite widely too.

Even in countries without an expensive on-road tax, people do often choose to pay more than $10,000 a year in depreciation cost, rather than the option of buying a car that has already gone through the early, rapid depreciation. People also choose to get a car loan, again increasing the cost. I'm fairly uninformed whether the interest on those is significant.

Of course, the COE is in addition to depreciation and maintenance, and those are both also expensive in Singapore. Plus people buy the cars through loans. And, excluding everything I've said above, the cars themselves are very expensive to buy!

As an example, a 2.0L e:HEV Honda Civic is US$195,000 including the COE, so approximately US$90,000 without it. Looking on the US Honda site, it looks like the same car is under US$33,000. There must some on-road taxes in the US, and difference in specs, but that's a big difference in price, in addition to the ~$100,000 COE.

Even knowing they're expensive, there's something I still can't get over, seeing a 6-figure price across the windscreen of a base model (and knowing you don't get to take off any zeros when doing a currency conversion to what you're used to).

in addition to all the other responses, owning a car in Singapore is also a status symbol https://en.wikipedia.org/wiki/Five_Cs_of_Singapore

despite the convenience of a well-run public transport system and uber-like services, the ease and freedom of owning your own transport is still hard to beat, and evidently worth the ~75k dollar COE. it removes the walk from bus/subway stations under the tropical/sun, humidity; and the wait (typically 5-10min) of waiting for your uber/taxi driver to showup and enduring the uber car smell (often heavily scented for some reason and triggers my allergic reaction) and someone else's music. and once you have children a car is almost a must.

One part: the people running the taxis and Grab also need to bid for slots.

And if you have kids, being able to leave stuff in your car is pretty useful, so you might want to bid.

Though I guess the main reason is: Singapore is rich, so that drives up the bidding.

A lot of people get a car when they have kids as taking grab with a car seat can be unwieldy. Also, COE wasn’t always $100K, many people are still on legacy COE when it was $30-$50K

The utility of a car in singapore is very different from other places. Yes, a car will get you faster from point A to point B in singapore when compared to public transport. But you can get a private hire car or a taxi which is just as fast and is probably much more convenient.

For many people in Singapore, a car's real utility is to signal status. More often than not, this status gets you real-life benefits. Such as increased dating success.

it's easy to want one

> Can easily pay $15 to essentially go around the corner.

Would it not be better to simply walk if the distance is essentially around the corner?

Well, to be petty, people living in Orchard Rd. don’t care about 15 dollars (be it US or SG).

How much do you pay for around the corner ride in any comparable large metropolis?

To add a bit more context: owning a car in Singapore is extremely expensive, basically meaning that if can afford that, “you made it”.

Actually, pretty much all land is owned by the government in Singapore, and leased out for about 30 years for commercial property or up to 99 years for residential property.

Because privately owned vehicles kill literally one million people every year.

We already do something like that: we allow around 1 million cars on the island (with around 6 million people living here). We auction off the rights to operate one of these 1 million cars for ten years at a time (you still need to buy your own car, of course).

Your proposal would be equivalent to dropping that number from 1 million to 0 million.

I think a reduction in the total number of cars is worth debating, but I don't think 0 is the optimal number.

Though I do wish Singapore would take inspiration from Japan, and eliminate street parking; and in general have the government exit the car storage business.

Isn't it better to allow a few luxury cars that are taxed to oblivion? As long as there aren't too many cars, the city can be pleasant, and it's a nice source of revenue.

Unfortunately the nearest MRT station is at least a 30 mins walk from where we live.

And a lot closer to the capitalist side than eg Germany or the US.

Judging by the depressing number of elderly selling tissues in food courts to get by I dont think the government ever really cared about eliminating service jobs.

It's enough for them that those people have somewhere basic to live and basic medical care so their stats dont look too bad.

Is that super old i-Pace even still in production?