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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

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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