Your opinion: Consider a separate COE category for electric vehicles

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

The maximum output power threshold for Class A is currently 97 kW. The move would effectively allow more powerful electric vehicles to move from Category B, which is for larger cars, to the mass-market category.

With Singapore’s current zero growth rate policy for cars, the Land Transport Authority (LTA) has previously said the COE quota is determined largely by the number of vehicle write-offs.

If it is a one-to-one exchange, with the same quota applying to both EVs and ICE cars, Category A could become more crowded with older Category EVs B piggybacking on category A COEs.

This may lead to an even higher increase in COE prices in this bracket.

Maybe LTA could consider having a separate COE category for EVs?

It could be based on a certain percentage of growth for electric vehicles only, and not be part of the quota for conventional cars.

To further encourage motorists to buy EVs, LTA should also allow for a nominal increase in growth for this new category.

With Singapore’s push towards a greener environment, there must be attractive incentives to entice motorists to switch to electric vehicles.

Electric vehicles are already more expensive than conventional cars, although there are government rebates to offset the cost. In addition, other factors must be taken into account, such as the cost of replacement batteries and the inconvenience of finding a charging station.

A possible rise in COE Class A prices would only add another deterrent to those considering an EV.