New EV criterion may keep COE prices high despite bigger quota

Compared with the preceding three months, the new quota is slightly more generous, with 14.3 per cent more COEs available for bidding. ST PHOTO: CHONG JUN LIANG
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SINGAPORE - Motor traders expect certificate of entitlement (COE) premiums to remain relatively high at the first tender exercise for this month, even with the slightly larger supply of COEs from May to July.

They point to a new power criterion for electric vehicles (EVs) that takes effect from the upcoming exercise, which closes on Friday (May 6).

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