I wonder if this would happen here, There are talks (rumour control and like) about something similar for UK but would this restrict owners of classics, mil vehs etc who occasionally use them and are not their main mode of transport?
In Singapore - Car owners must have a Certificate of Entitlement (COE), an expensive compulsory certificate designed to limit car ownership. Residents who wish to drive must bid for the right to buy a motor vehicle, with the number of certificates deliberately restricted.
The COE allows holders to own a car for a period of 10 years, after which they must scrap or export their car with financial incentives or bid for another COE.
And it’s not cheap - the average COE cost for a compact car is between S$71,999 and S$89,500 (approximately £37,067 and £46,077 GBP).
Where's me pushbike?