COE analysis (April 2022): When will COEs hit $100,000?

, for instance, have placed orders for hundreds of electric taxis over the past few months, and as taxis take their COE quota from the Open Cat E, this has certainly fuelled demand in that category, contributing to surging prices.

These companies typically source their cars from leasing firms, who will also now look to expand their fleet accordingly and thus add to the competition in the COE pool. Starting from next month, electric vehicles with a power output of 110kW and below will be moved from Cat B to Cat A, and the expected resultant effect is that it will help bump premiums in that category up slightly. There is also the possibility however that the move will help soften the demand in Cat B, but we’ll only know the full picture once the measures fully kick in.

But of course :).

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