Consider separate COE category for electric vehicles

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It was recently announced in Parliament that electric vehicles (EVs) with up to 110kW of power will come under the Category A Certificate of Entitlement (COE) from May onwards.

that electric vehicles with up to 110kW of power will come under the Category A Certificate of Entitlement from May onwards.

With Singapore’s current zero growth rate policy for cars, the Land Transport Authority has previously said that the COE quota is determined largely by the number of vehicle de-registrations. It could be based on a certain percentage of growth for EVs only, and not be part of the quota for conventional cars.

With Singapore’s push towards a greener environment, there must be attractive incentives to nudge motorists to switch to EVs.

 

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