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Market Watchers expect Coe premiums to rise in the short to medium term driven by higher demand for electric vehicles and more models coming into Singapore that says Chinese EV makers are increasingly focusing on emerging markets in Asia as the United States and the European Union slap higher tariffs on such Imports nashat rohim with more car sold by Chinese Auto Baker byd made up more than 40% of newly registered electric vehicles in the first half of this year and it's looking to expand its range of cars further for BD uh we are bringing in more vehicles uh more arrays of vehicles to meet the the different spectrum of the market requirement uh we will be bringing in also a new more luxury brand this year more Chinese EV Brands like shaung and ziker are set to hit the market this year analysts expect this to rev up premiums of certificates of entitlement or Coes more and more car companies are establishing a national sales company in Singapore and when they do that I think the ability to compete on prices and Coes will rise and so if you see their presence in the marketplace it basically drives up competition for Coes and when they do that prices tend to creep up to capture more of the market car brands are introducing more smaller models as these command lesser Coe premiums incentives also bring down prices by taking up to $15,000 off new EVS that's led to COE prices in the category a classification becoming more volatile usually cat a Coe and Cat B Coe there's also a premium Gap okay during the high time the Gap can be as as as far is a 30,000 okay but recently actually dropped down a lot so there are more people coming to the market preparing to change to a EV vehicle and with that because demand has increased and that's the reason why I think SE is getting closer between C A and C B still for some car dealers like komoko Motors sales have yet to see a boost it points to Rising inflation and low Coe quotas as factors that make the landscape challenging while noting consumer sentiments drifting towards Chinese made EVS I think with the introduction of EV Brands Chinese EV Brands into this segment the there will be I think a serious migration from the established players like the Japanese brands over to uh the Chinese EV Brands because pound for pound you get a lot more technology a lot more bang for your buck when you go Chinese evb Brands right and since Coe uh COE prices are already so high consumers are looking for that bank for their bu competition could also heat up with Europe and US slapping on trade restrictions on Chinese made EVS with more EVS in the market it's hoped that this will improve affordability for consumers