More EVs in Category A could crowd out hybrids, drive up COE prices

More EVs in Category A could crowd out hybrids, drive up COE prices

June 26, 2024 / Riah Marton /


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.

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Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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