New COE criterion could drive down prices of electric vehicles

The new EV-specific criterion for COE categorisation was among the measures announced to accelerate EV adoption in Singapore. PHOTO: ST FILE
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SINGAPORE - From May 6, the price of some electric vehicles (EVs) could be nearly $30,000 cheaper than what they are today.

The Nissan Leaf EV, which is now listed at $181,300 with a Category B certificate of entitlement (COE), could potentially be priced in the $150,000 region when it is re-categorised to fall under Category A.

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