COE premiums may go higher for longer, driven by EV demand: Observers

Market watchers expect Certificate of Entitlement (COE premiums) to rise in the short to medium term, driven by higher demand for electric vehicles and more models coming into Singapore. This is as more Chinese EV brands are looking to enter the Singapore market with a bigger range to offer. CNA's Nasyrah Rohim reports.
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[@liamporter1137]

People want to buy car and will choose between ICE and EV. Why would that increase the demand? The demand is the same. Don't blame EV for high COE. COE is high and cost of living in Singapore is highest in the world. Singaporean, be content with living in small flat and take public transport. Don't complain. Don't compare with the US, Australia etc big house and car.

[@Autonomous4kpsf]

We need PM Sylvia Lim

[@diypromaxX2]

Who be the Pm also no use, majority people said they choose the pap party but only getting more and more sufferings and problems from the pap party always of course.

[@diypromaxX2]

Majority people said the pap party run out of land to build hdb flats and run out of road for cars, but the pap party still dare to allow non singaporeans to buy hdb flats.

[@Callsign-Blade_RunnerSG]

You must be rather silly to Buy their stories…

[@Hs5687]

Just Peg COEs inversely with Ministerial Salaries 😊

[@LonganLee]

I got a secret, don't tell the public : COE can be zero dollars if follow the fair system like the hdb ballot system. But the world highest tax on cars aka COE is good for country revenue among other purposes. So we must never tell people my secret

[@TheMrleeyang]

why would anyone do that

[@faidzalmokhtar694]

COE is base on car CC. How on earth does an EV have CC? And how does EV car are categorised for COE?

[@deschan2246]

Always finding ways n means to squeeze from people. 😂

[@honyeechoong9351]

Vote PAP lo. You can do that, don't you?

[@xianlonglee-n6h]

Singaporeans should protest against CHT's no growth policy on COE. Similar to SimplyGo, if Singaporeans protest hard enough, he will make the u-turn. This gentleman is for turning.

[@mikegan9382]

you can start, why don't u hold a banner first?

[@LonganLee]

The majority will keep them in power.

[@gt5087]

level of inflation is almost criminal.

[@jessyblue863]

We will never win because the purchase of cars will never stop. So it will always increase in price. And we will keep buying. We are rich.

[@chinchinng3535]

Let the system be changed to "pay-as-you-bid"

[@ysngngys7753]

2:43 Are you sure?

[@diypromaxX2]

Majority people said the pap party holding all the money and own self collect own self 's highest pay etc, but only gave singaporeans a little money the pap party call helping the people.

[@jeffreychan1559]

Change the insurance president has been sitting there far to long

[@diypromaxX2]

What's important singapore became a multi-nation country, multi-nation-singapore so even with the saf soldiers also no use, it's the pap party mistakes and there's no way to u-turn back.

[@Autonomous4kpsf]

Why need to increase COE ? Singapore need to reduce all the 🚕🚖 such as GRAB, COMFORT n Go autonomous V.

[@meysonyeo5499]

It is not about number car buyers on bringing up the COE. It is the number of car dealers fighting for the COE, which will bring up higher COE.

[@diypromaxX2]

Surprisingly majority people said the people are the opposition themselves.

[@kengleetan63]

Yes, the locals like to pawn each other, so yes , the ppl ARE the opposition themselves! The FTs are laughing along the side lines!😆😆😆

[@louistan7560]

Really?

[@htahtoo8851]

Not promoting going green.

[@louischen2109]

All these eventually who will benefit from it and who are those we are victim of it? Where are society is heading? Is this just affected this area or it is a ripple effect on expenses? It is scaring what will happen in 5 year's time? Unless we can change the controlling factors most of us will be under control by the system. Work your sum and put your brain to combat this and win.

[@wentjen]

When you chicken out - u slap tariffs

[@aroomermardoo6502]

Good la keep on making life tough for SGreans

[@vincecarlo]

Higher Road Tax n Insurance. INCONVENIENCE Due to Poor n Slow Charging Infrastructure. NO Thanks

[@thee_others]

Just use public transport if you can't purchase a car without a loan. This is 1 factor among many towards financial freedom.

[@ysngngys7753]

As more buyers purchase EVs, we ll be able to enjoy scenic captures of road rage or altercations at EV charge points....drivers might be ready, drivers' behaviour might not.

[@tingtge]

More good years ahead for those holding out. If more buying EV now without significant increase of their salary over years or using their existing petrol cars to cushion with better trade in price, it will be unlikely they can afford a new car moving down the road. Just ask yourself how much willing you pay for a used mobile phone. EVs batteries changing is not cheap nor they will be in the future. they are not built to swap out the batteries, at least not for models sold here.

[@q1000q]

Nothing will change when broken COE system comprises 90% gasoline cars

[@LonganLee]

❤If not for the Majority voters support, the popular COE system may not have lasted for over 30 years (collected how many billions??) . Who can enjoy such a world class system of taxation without the majority voters enablement that gave them the mandate? Singapore tax is too low. We love it. Majulah of the spore

[@vincecarlo]

BYD ATTO 3 is ONLY 119,800 yuan ~S$22k but OMV is S$34k OVER PRICED Imported price to say the Least. Add the LUDICROUS S$93k COE Value for Money ? I think NOT

[@honyeechoong9351]

How much is the comparable vehicles?

[@believe88]

don't buy then. no one asking you to

[@vincecarlo]

@@honyeechoong9351 Rather Buy Japanese Hybrid with >2 Decades of Tested n Proven Technology. Chinese EV Tech HAS yet Matured, maybe in 8-10 yrs time when Batt Technology n Charging Infrastructure is widely available then its time to Consider. Still in Infancy stage, many EV Owners have Gone Back to ICE due to RIDICULOUS INCONVENIENCE, UNRELIABILITY n own Homes Being Burnt down

[@vincecarlo]

Rather Buy Japanese Hybrid with >2 Decades of Tested n Proven Technology. Chinese EV Tech HAS yet Matured, maybe in 8-10 yrs time when Batt Technology n Charging Infrastructure is widely available then its time to Consider. Still in Infancy stage, many EV Owners have Gone Back to ICE due to RIDICULOUS INCONVENIENCE, UNRELIABILITY n own Homes Being Burnt down

[@vincecarlo]

Rather Buy Japanese Hybrid with >2 Decades of Tested n Proven Technology. Chinese EV Tech HAS yet Matured, maybe in 8-10 yrs time when Batt Technology n Charging Infrastructure is widely available then its time to Consider. Still in Infancy stage, many EV Owners have Gone Back to ICE due to RIDICULOUS INCONVENIENCE, UNRELIABILITY n own Homes Being Burnt down

[@JackTanYJ]

SG GOV is smart, use COE as an excuse to Tax people even more....always say you can take bus/train/cab, but what about convenient for handicaps, elderly, needies?

[@alexd.1091]

COE = Certificate of Entitlement, for anyone who's not from Singapore.

[@honyeechoong9351]

Are there not Singaporean with COE?

[@vincecarlo]

ANOTHER Form of RIDICULOUS Taxation for 10 Yr Lease

[@elimlinrr6898]

I thought it means: COE = Cars Outrageously Expensive

[@choonhaulee]

CNA, with such headline, you are helping influence people who need a car, many just a bread and butter model, into accepting that current already ridiculously high COE will go higher, hence be prepared to part more money and contribute to LTA coffer. Not a good journalism work.

[@vincecarlo]

CNA = China News Asia ?

[@ysngngys7753]

Is car a commodity? or luxury?...

[@diypromaxX2]

Lucky I didn't had any brand of the jab before and that's why never sick before, as majority people said after they took the jabs previously but nowadays they only became more and more easily to fall sick, it's the pap party mistakes and there's no way to u-turn back.

[@desmondteng3025]

Soon a Toyota Corolla will cost $200k

[@kengleetan63]

Song boh? Only those who got money can talk in this country. For the rest of you ppl, go cramp inside buses and MRT loh! Who did the majority ....voted for?😆😆😆

[@ysngngys7753]

Si Beh Song....seeing u din get wat u wan first then suffer from what u did not get...

[@devildevil2271]

No surprise

[@tayspiderx]

Ya someone said they will drop leh.....

[@xueling02able]

Stop buying cars whether EV or petrol driven! Everyone rich or poor use mrt

[@anziar3038]

S'poreans are very rich indeed. Many thanks to the PAP govt for bringing them wealth by means of stable and high-paying jobs in a safe and secure environment.❤❤

[@sarabeth8050]

EVs are perfect for Singapore. They are quiet, non-polluting and with the small size of Singapore, there is no range anxiety whatsoever. Because of the high vehicle density, ICE cars are the cause of high air pollution and the uncomfortable increase of urban temperatures. More than anywhere else, the government should shift to 100% EVs for the health and quality of life for their citizens.

[@vincecarlo]

95%+ of Electricity Generated in SG is NOT Green The Current Infrastructure; Power Grid, Sub Stations CANNOT Support EVs. Just Look at Jurassic Level 1 chargers installed in the Heartlands is a Damn Joke. Road Tax and Insurance is at A PREMIUM over ICE; Makes ZERO SENSE

[@justinkimberlake9582]

ㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎㅎ