Even as many car owners hold out in the face of sky-high COE prices, it's a battle that must have an inevitable end as older cars hit the 10-year mark and need to either have their COEs renewed, or the car traded-in. Cycle & Carriage Singapore, which distributes Kia, Maxus, Mitsubishi, Ora, Citroen, and Mercedes-Benz cars here, has released the...
Even as many car owners hold out in the face of sky-high COE prices, it's a battle that must have an inevitable end as older cars hit the 10-year mark and need to either have their COEs renewed, or the car traded-in. Cycle & Carriage Singapore, which distributes Kia, Maxus, Mitsubishi, Ora, Citroen, and Mercedes-Benz cars here, has released the results of its independently-conducted survey that shows what drivers in Singapore are planning to do in the near future.
People who have more than one car in the household were also found to be more likely to want to buy an EV as an alternate form of vehicular transport, perhaps stemming fro the confidence of having an ICE car to fall back upon for familiar driving. Electric vehicles are already steadily making inroads in Singapore. Despite lower new car sales across the board, EVs made up around 13 per cent of new cars registered in the first five months of 2023 here.
With the 10-year COE system still in place, ICE powered cars will theoretically have lived out their lives by 2040 here and most will be deregistered or scrapped. We should expect petrol taxes to climb exponentially by then as well as the authorities will no doubt aim to make it extremely restrictive to operate an ICE powered car in Singapore from 2040.
For starters, there are no hot, complicated parts like exhaust pipes, radiator cooling systems, turbochargers, multi-speed gearboxes, and clutches. An EV is essentially just a big battery pack connected to an electric motor, like what you might get if you blow a radio-controlled model car up to a human-sized vehicle.
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