Singaporeans need S$98,389 just for the right to buy a car? Are EVs cheaper?
The cost of buying the right to own a car in Singapore hit a record for the fourth consecutive bidding, according to data released by the Land Transport Authority.![]()
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I know COEs are expensive, but bids for COEs become even higher this month. Premiums for larger and more powerful cars in Category B reached their second highest level at S$98,389, while smaller cars rose to S$72,996.
Check out the following chart for the latest bids.
EVs could be cheaper.
The government recently announced that EVs under 110kw will be considered Category A as of May, to make mass market EVs more affordable and to help Singapore with its sustainability plans.
I'm interested in EVs. How about you? Will you buy a $Tesla(TSLA.US$?![]()
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U0304380 : Love to support Tesla, but having no nearby charging point is a hig concern for peasant me
Corvin : I prefer Xpeng, NIo or BYD
bobbyus : Cost of owenership if EVs is generally cheaper. The main reason is maintenance. There is very little to maintain.
yckit2000 : EV is the way to go in the near future
102864731 : Currently in Singapore, even the most entry level EV is overpriced, I guess it will still take while for EV price to become more a affordable.
Be HAPPY Always : Love to have a EV, but charging point is a big concern in SIN for the next 3~5 years
Poop Turtle : A lot of people dun know Tesla road tax in spore is above 5000 per year. The government rationale is since u are using the road if u are not paying the fuel tax. U need to bear higher road tax. The petrol road tax is usually 1000 plus.
PattyPAP : It's insane price for a title. I will never be able to afford a car in SG
Poop Turtle : In General EV will pay 3 times the road tax compare to petrol version
不死神 : If I had money for
, I would buy electric cars, especially Tesla, Inc. 's.
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