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

June 26, 2024 / Brand Post /
More EVs in Category A could crowd out hybrids, drive up COE prices


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.



Source link

Posted in

Brand Post

I am an editor for IBW, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

Leave a Comment