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More EVs in Category A could crowd out hybrids, drive up COE prices

Increasing number of EVs in the mainstream category could fan volatility amid strong competition

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Derryn Wong

Derryn Wong

Published Wed, Jun 26, 2024 · 06:00 PM
    • James Ng, managing director of BYD Singapore and the Philippines, at the launch of the new version of the BYD Seal that uses a Category A Certificate of Entitlement on Wednesday.
    • James Ng, managing director of BYD Singapore and the Philippines, at the launch of the new version of the BYD Seal that uses a Category A Certificate of Entitlement on Wednesday. PHOTO: DERRYN WONG, BT

    ELECTRIC vehicle (EV) giants such as BYD and Tesla are offering more models under the Category A Certificate of Entitlement (COE), in a trend that could drive adoption and push up COE prices.

    On Wednesday (Jun 26), China EV maker BYD launched a new Category A version of its Seal sedan, which starts at S$169,888 with COE – S$28,000 lower than the existing Category B model.

    This is the latest in a series of popular models that have entered the Category A market in recent months.

    BYDteslaElectric vehiclesCarsAutomotive

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