Re:Singapore Says Musk's Electric Cars Are About 'Lifestyle,...
by mkl on Friday August 23, 2019 @07:19AM
(#20776336)
For those confused, COE = Certificate of Entitlement: https://en.wikipedia.org/wiki/Certificate_of_Entitlement
"The Certificate of Entitlement or COE is the quota licence received from a successful winning bid in an open bid uniform price auction which grants the legal right of the holder to register, own and use a vehicle in Singapore for a period of 10 years. When demand is high, the cost of a COE can exceed the value of the car itself."
Re:Singapore Says Musk's Electric Cars Are About 'Lifestyle,...
by notahacker on Friday August 23, 2019 @06:45AM
(#20776185)
Singapore's oil refining industry isn't threatened by some of the few COE owners switching to Teslas.
The government would be much more bothered by the idea their public might expect non-polluting personal vehicles to be made more affordable and available, and the resulting implications for traffic
But focus on public transport is one thing, still there is a large automobile market with related oil and gas related automobile industry. Moving to EV will threaten them and related jobs.