Player FM 앱으로 오프라인으로 전환하세요!
S1E12: Why COE bidding gives this seasoned motor dealer a heartache
Manage episode 419670993 series 2347149
A seasoned motor industry insider says the COE system is bad for health because of the stress that comes with not knowing “the full picture”.
Synopsis: The Straits Times offers expert insights if you are in the market for a new vehicle or are tracking transportation trends.
The adoption of electric vehicles (EVs) in Singapore seems to be tracking well. In 2023, 18.2 per cent of all new car registrations were EVs. This was up from 11.7 per cent in 2022.
In this episode, host Lee Nian Tjoe speaks with Ms Sabrina Sng, managing director at Wearnes Automotive. This seasoned motor dealer - with 20 years of experience - believes that uncertainty over the price outlook of certificate of entitlement (COEs) is discouraging the adoption of electric vehicles (EVs).
This is worsened by what she considers to be a premature cut in incentives to encourage EV adoption.
Highlights (click/tap above):
7:30 Call for changes to the COE bidding system - why motor dealers want to cut out companies, like those in private hire, from bidding for COEs because they distort the market
12:00 Reduction of various incentives to encourage EV adoption came too soon
19:38 High COE premiums have pushed up prices of EVs, diminishing the distinction between premium and mass market
21:40 Making the case for EVs to have higher tax rebates
26:42 Does Tesla still have an edge in the automotive world?
Produced by: Lee Nian Tjoe (niantjoel@sph.com.sg), Ernest Luis and Teo Tong Kai
Edited by: Teo Tong Kai
Follow COE Watch Podcast here:
Channel: https://str.sg/iTtE
Apple Podcasts: https://str.sg/iqW2
Spotify: https://str.sg/iqgB
SPH Awedio app: https://www.awedio.sg/
Website: http://str.sg/stpodcasts
Feedback to: podcast@sph.com.sg
Read Lee Nian Tjoe's articles: https://str.sg/wt8G
Follow Lee Nian Tjoe on LinkedIn: https://str.sg/iqkJ
Read more COE articles: https://str.sg/iGKC
---
Discover more ST podcast channels:
All-in-one ST Podcasts channel: https://str.sg/wvz7
The Usual Place: https://str.sg/wEr7u
In Your Opinion: https://str.sg/w7Qt
COE Watch: https://str.sg/iTtE
Asian Insider: https://str.sg/JWa7
Health Check: https://str.sg/JWaN
Green Pulse: https://str.sg/JWaf
Your Money & Career: https://str.sg/wB2m
Hard Tackle: https://str.sg/JWRE
#PopVultures: https://str.sg/JWad
Music Lab: https://str.sg/w9TX
---
ST Podcast website: http://str.sg/stpodcasts
ST Podcasts YouTube: https://str.sg/4Vwsa
---
Special edition series:
True Crimes Of Asia (6 eps): https://str.sg/i44T
The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2
Invisible Asia (9 eps): https://str.sg/wuZn
Stop Scams (10 eps): https://str.sg/wuZB
Singapore's War On Covid (5 eps): https://str.sg/wuJa
---
Get The Straits Times' app, which has a dedicated podcast player section:
The App Store: https://str.sg/icyB
Google Play: https://str.sg/icyX
#coewatch
See omnystudio.com/listener for privacy information.
챕터
1. Why COE bidding gives this seasoned motor dealer a heartache (00:00:00)
2. Disallowing fleet owners from bidding for COEs (00:07:30)
3. Premature reduction of EV incentives (00:12:00)
4. High COE premiums: Cat A vs Cat B (00:19:38)
5. Should EVs have higher tax rebates? (00:21:40)
6. Does Tesla still have an edge? (00:26:42)
1860 에피소드
Manage episode 419670993 series 2347149
A seasoned motor industry insider says the COE system is bad for health because of the stress that comes with not knowing “the full picture”.
Synopsis: The Straits Times offers expert insights if you are in the market for a new vehicle or are tracking transportation trends.
The adoption of electric vehicles (EVs) in Singapore seems to be tracking well. In 2023, 18.2 per cent of all new car registrations were EVs. This was up from 11.7 per cent in 2022.
In this episode, host Lee Nian Tjoe speaks with Ms Sabrina Sng, managing director at Wearnes Automotive. This seasoned motor dealer - with 20 years of experience - believes that uncertainty over the price outlook of certificate of entitlement (COEs) is discouraging the adoption of electric vehicles (EVs).
This is worsened by what she considers to be a premature cut in incentives to encourage EV adoption.
Highlights (click/tap above):
7:30 Call for changes to the COE bidding system - why motor dealers want to cut out companies, like those in private hire, from bidding for COEs because they distort the market
12:00 Reduction of various incentives to encourage EV adoption came too soon
19:38 High COE premiums have pushed up prices of EVs, diminishing the distinction between premium and mass market
21:40 Making the case for EVs to have higher tax rebates
26:42 Does Tesla still have an edge in the automotive world?
Produced by: Lee Nian Tjoe (niantjoel@sph.com.sg), Ernest Luis and Teo Tong Kai
Edited by: Teo Tong Kai
Follow COE Watch Podcast here:
Channel: https://str.sg/iTtE
Apple Podcasts: https://str.sg/iqW2
Spotify: https://str.sg/iqgB
SPH Awedio app: https://www.awedio.sg/
Website: http://str.sg/stpodcasts
Feedback to: podcast@sph.com.sg
Read Lee Nian Tjoe's articles: https://str.sg/wt8G
Follow Lee Nian Tjoe on LinkedIn: https://str.sg/iqkJ
Read more COE articles: https://str.sg/iGKC
---
Discover more ST podcast channels:
All-in-one ST Podcasts channel: https://str.sg/wvz7
The Usual Place: https://str.sg/wEr7u
In Your Opinion: https://str.sg/w7Qt
COE Watch: https://str.sg/iTtE
Asian Insider: https://str.sg/JWa7
Health Check: https://str.sg/JWaN
Green Pulse: https://str.sg/JWaf
Your Money & Career: https://str.sg/wB2m
Hard Tackle: https://str.sg/JWRE
#PopVultures: https://str.sg/JWad
Music Lab: https://str.sg/w9TX
---
ST Podcast website: http://str.sg/stpodcasts
ST Podcasts YouTube: https://str.sg/4Vwsa
---
Special edition series:
True Crimes Of Asia (6 eps): https://str.sg/i44T
The Unsolved Mysteries of South-east Asia (5 eps): https://str.sg/wuZ2
Invisible Asia (9 eps): https://str.sg/wuZn
Stop Scams (10 eps): https://str.sg/wuZB
Singapore's War On Covid (5 eps): https://str.sg/wuJa
---
Get The Straits Times' app, which has a dedicated podcast player section:
The App Store: https://str.sg/icyB
Google Play: https://str.sg/icyX
#coewatch
See omnystudio.com/listener for privacy information.
챕터
1. Why COE bidding gives this seasoned motor dealer a heartache (00:00:00)
2. Disallowing fleet owners from bidding for COEs (00:07:30)
3. Premature reduction of EV incentives (00:12:00)
4. High COE premiums: Cat A vs Cat B (00:19:38)
5. Should EVs have higher tax rebates? (00:21:40)
6. Does Tesla still have an edge? (00:26:42)
1860 에피소드
모든 에피소드
×플레이어 FM에 오신것을 환영합니다!
플레이어 FM은 웹에서 고품질 팟캐스트를 검색하여 지금 바로 즐길 수 있도록 합니다. 최고의 팟캐스트 앱이며 Android, iPhone 및 웹에서도 작동합니다. 장치 간 구독 동기화를 위해 가입하세요.