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