Category A COE premiums could rise but not for the reason you think
New rules mean more electric cars are in the Cat A game, but don’t expect them to change the state of play, say industry watchers
Add BT as a preferred source
By Leow Ju-Len
Could lithium-ion batteries give the certificate of entitlement (COE) market a jolt on May 6? A new rule designed to make some electric vehicles (EVs) more affordable came into effect this month, potentially intensifying competition for Category A (Cat A) COEs.
Until now, the category was for cars with less than 1.6 litres of engine capacity and less than 97 kilowatts of power. That second threshold was raised to 110 kW for EVs, in order to make a wider range of them available in Cat A, where COE premiums are typically lower. At the last COE auction in April, for example, the Category B certificate (for cars with more than 1.6 litres under the bonnet) cost S$90,002, or S$21,303 more than the Cat A certificate.
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
EU and Asean at 50: time for bold action
