Changes to the COE system are being considered, with proposed revisions potentially leading to a clearer distinction between luxury and mass-market vehicle models. However, it is unclear whether these changes would result in lower prices.

Academics have shared their thoughts on the potential impact of certain ideas presented in the consultation. One such idea is a surcharge on owning multiple cars.

Further details on the proposed changes and the potential effects of the ideas under consideration are available from the source, providing more insight into the possible outcomes of these proposals.