Why COE bidding gives this seasoned motor dealer a heartache
Synopsis: The Straits Times offers expert insights if you are in the market for a new vehicle or are tracking transportation trends.
The adoption of electric vehicles (EVs) in Singapore seems to be tracking well. In 2023, 18.2 per cent of all new car registrations were EVs. This was up from 11.7 per cent in 2022.
In this episode, host Lee Nian Tjoe speaks with Ms Sabrina Sng, a managing director at Wearnes Automotive. This seasoned motor dealer - with 20 years of experience - believes that the general uncertainty over how the price of certificate of entitlement (COEs) will develop, is hampering Singapore’s efforts to get more car buyers to opt for electric vehicles (EVs).
This is made worse by what she considers to be a premature cut in incentives to encourage EV adoption.
Highlights (click/tap above):
7:30 Motor dealers wants the COE bidding system to change; disallow fleet owners to bid for COEs because they distort the market
12:00 Reduction of various incentives to encourage EV adoption came too soon
19:38 Not much distinction between mass-market and premium EVs when prices are pushed up by high COE premiums
21:40 Making the case for EVs to have higher tax rebates
26:42 Does Tesla still have an edge in the automotive world?
Produced by: Lee Nian Tjoe ([email protected]), Ernest Luis and Teo Tong Kai
Edited by: Teo Tong Kai
Follow COE Watch Podcast here:
Channel: https://str.sg/iTtE
Apple Podcasts: https://str.sg/iqW2
Spotify: https://str.sg/iqgB
SPH Awedio app: https://www.awedio.sg/
Website: http://str.sg/stpodcasts
Feedback to: [email protected]
Read Lee Nian Tjoe’s articles: https://str.sg/wt8G
Follow Lee Nian Tjoe on LinkedIn: https://str.sg/iqkJ
---
Discover more ST podcast channels:
All-in-one ST Podcasts channel: https://str.sg/wvz7
The Usual Place: https://str.sg/wEr7u
In Your Opinion: https://str.sg/w7Qt
COE Watch: https://str.sg/iTtE
Asian Insider: https://str.sg/JWa7
Health Check: https://str.sg/JWaN
Green Pulse: https://str.sg/JWaf
Your Money & Career: https://str.sg/wB2m
Hard Tackle: https://str.sg/JWRE
#PopVultures: https://str.sg/JWad
Music Lab: https://str.sg/w9TX
---
ST Podcast website: http://str.sg/stpodcasts
ST Podcasts YouTube: https://str.sg/4Vwsa
---
Special edition series:
True Crimes Of Asia (6 eps): https://str.sg/i44T
The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2
Invisible Asia (9 eps): https://str.sg/wuZn
Stop Scams (10 eps): https://str.sg/wuZB
Singapore’s War On Covid (5 eps): https://str.sg/wuJa
---
Get The Straits Times’ app, which has a dedicated podcast player section:
The App Store: https://str.sg/icyB
Google Play: https://str.sg/icyX