COE

The Category A COE premium dipped by S$3,000, or 2.3%, from S$129,000 at the previous tender on Jul 8

Businesses ask for ways to lower commercial vehicle COE premiums or make them fairer as costs surge

Awareness that incentives will be lower in 2027, impending changes to system keeping premiums high for mainstream cars

Commercial vehicle certificates are also at a high, rising 2.1% to S$95,000

But observers do not expect rates to drop as competition remains intense

The Open category is the only one that is higher, with an increase of S$2

EV demand, high diesel prices and short supply will continue driving upward pressure: observers

There is only a S$980 difference between the premiums for Categories A and B

What kind of COE you bid for should depend on what kind of person you are