To own a car in Singapore, a buyer must bid for a certificate that now costs $106,000, equivalent to four Toyota Camry Hybrids in the U.S., as a post-pandemic recovery has driven up the cost of the city-state's vehicle quota system to all-time highs.
Is this news? Singapore is a city of 6 million on an island that is only 45km across at its widest point.
NYC is a smaller geographic city (municipal boundaries - 5 boros) and has 2 million more residents. Try implementing this there for a tenth of the price and see if there’s riots at worst, and every elected official losing their next election at best.