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Commercial vehicle COE likely to breach S$100,000; mainstream car premiums to remain elevated

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

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Derryn Wong

Derryn Wong

Published Thu, Jun 4, 2026 · 06:33 PM
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    • Demand for heavy electric trucks, such as this BYD T35, has been turbocharged by incentives introduced at the start of 2026.
    • Demand for heavy electric trucks, such as this BYD T35, has been turbocharged by incentives introduced at the start of 2026. PHOTO: BYD SINGAPORE

    [SINGAPORE] Industry observers predict new highs for commercial vehicle Certificate of Entitlement (COE) premiums this year.

    Strong demand for mainstream cars, meanwhile, is expected to keep premiums for that segment high.

    Ryan Woon, CEO of EcoSwift, the agent for China commercial vehicle brand Sany in Singapore, believes Category C premiums “will hit S$100,000 for sure”.

    COECommercial vehicles

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