COE

OUTLOOK 2026

COE supply expected to rise 20% in 2026, but premiums may not fall in proportion 

Demand for electric vehicles and from private-hire fleets could keep premiums elevated, say industry observers

The premium for commercial vehicles and buses increased 0.7% to S$77,003.

Mainstream car COE premium climbs 3.9%, but large car category slides 7.1%

The focus on Category A comes as brands strive for sales in the last bidding round of 2025

Dreams of condo and car ownership may get harder for upper-middle-income households to realise, even if such households enjoy steady income growth. 
THE LEVEL GROUND

Are condo and car ownership getting harder for Singapore’s upper middle class?

Rise in private-home prices and car COE premiums outpaces income growth of 80th percentile of households

The decrease in the premium for cars in Category B comes after a spike of 12.9% in the previous round of bidding.

Large-car COE premium down almost 5% at S$123,900; most categories dip

Mainstream-car category declines 3.3%, and motorcycles by 5%

The difference between premiums for Category A and B typically ranges between S$15,000 and S$20,000. In November's first round of bidding, it was just S$4,999.

Large car COE premium spikes 13% as mainstream car category cools

Buyers choose large cars due to narrowed gap between Category A and B premiums in previous round, say industry observers

EVs with up to 110 kW of power are registered using a Category A COE, while more powerful electric cars are registered with Category B certificates.

Nearly half of Cat A COEs go to EVs, which account for 43% of new sales so far in 2025

By comparison, they account for 33.8% of new car sales in the whole of 2024, and 18.2% in 2023

BYD is poised to end 2025 with a sales record in Singapore as it extends its lead over Toyota.

BYD, the top-selling car brand in Singapore, widens lead over Toyota

The Chinese electric car brand is the only Chinese brand in the top 10

Tesla now has 14 Supercharging stations and 49 Superchargers across Singapore.

Tesla offers S$5,000 incentive to drive EV adoption in Singapore, launches two new Supercharging stations

The new sites, with four Superchargers each, are at Resorts World Sentosa and Changi City Point