Singapore is seeing a decline in private car ownership as more residents opt for a "car-lite" lifestyle. This trend is driven by increasing costs associated with car ownership, including Certificate of Entitlement (COE) prices and running expenses. The government's expansion of public transport and cycling infrastructure further supports this shift, leading to the lowest number of privately owned cars since 2019. AI
RANK_REASON Article discusses a societal trend influenced by policy and economics, not a specific event.
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