*This episode of Heart of the Matter was published on Sep 29. In the latest bidding exercise on Oct 18, COEs for Cat A cars hit $S$106,000, while Cat B cars, which are larger and more powerful crossed S$150,000.

With premiums on Certificate of Entitlement (COE) soaring to over $140,000 for larger cars, should people simply give up on the idea of owning cars? What about those who need the convenience of having a vehicle to ferry their children and the elderly? What other options do they have? Steven Chia gets answers from Julian Kho, general manager of Sgcarmart, Toh Ting Feng, CEO and founder of GetGo, and Lim Chong Tee, cofounder of a startup and father of a fourmonth old baby.

00:00 Intro
02:05 Why are COE prices so high?
03:45 Why Chong Tee aspires to have a car
05:50 Do you really need a car?
06:40 The role of carsharing services
07:22 The price of convenience
10:05 The reality of travelling on public transport as a family
13:01 Having kids vs having a car
15:12 Ramping up car sharing as an alternative to public transport
21:36 Growing the ecosystem of alternatives to car owning
22:26 Is car ownership a strong desire for the younger generation?
26:30 Outro

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