2025 COE Year in Review: Premiums, Categories and Policy Context
Review all completed 2025 exercises with transparent category statistics and keep the year’s results separate from later rule changes.
The 2025 archive is a completed calendar-year dataset. It should be summarised using consistent categories and exercise counts, with later policy changes identified separately rather than written back into the year.
| Category | Exercises | Minimum | Mean premium | Maximum |
|---|---|---|---|---|
| A | 24 | S$85,000 | S$102,912 | S$128,105 |
| B | 24 | S$109,598 | S$120,748 | S$141,000 |
| C | 24 | S$62,000 | S$69,302 | S$77,003 |
| D | 24 | S$7,721 | S$8,951 | S$9,889 |
| E | 24 | S$110,000 | S$121,206 | S$140,502 |
Arithmetic mean across available exercises; no weighting by quota. Missing exercises are not invented. This table updates when a source record is corrected.
What the summary measures
Each category’s mean is an unweighted average of exercise premiums. The range records the lowest and highest observed exercises. These are certificate prices, not model selling prices or the average household’s car expenditure.
A statement about the year’s percentage rise needs a declared baseline: first to last exercise, annual mean versus the previous annual mean, or another consistent measure. Those comparisons can produce different answers.
Use the correct categories
Category A and B eligibility depends on the vehicle’s technical specifications, including the different fully electric power boundary. The $20,000 OMV threshold belongs to new-car loan-to-value rules; it is not the A–B category boundary.
Category C covers goods vehicles and buses, D motorcycles and E eligible vehicles other than motorcycles. Avoid describing C’s average or movement from a number that cannot be reconciled with the exercise table.
The supply context
The progressive additional-COE injection began in February 2025 following the October 2024 announcement. The stated amount was up to about 20,000 across categories over several years. That is not a single-year quota increment.
The maintained growth rates were 0% for A, B and D and 0.25% for C through 31 January 2028. Zero population growth does not mean no replacement certificates are issued.
Keep announcement and effective dates separate
The VES and EEAI revisions announced in September 2025 include rules taking effect in 2026 and 2027. A car registered in 2025 must be assessed under its applicable 2025 rules. Later PARF cohorts should likewise not be applied retrospectively to the whole 2025 fleet.
Carry the lessons forward carefully
Use the archive to compare complete periods and inspect unusual exercises. It does not prove that a particular brand caused a price movement, or that the same month will be a bargain next year. Current decisions still require current quotations and the appropriate registration or renewal rules.
Sources and review date
Reviewed on 13 September 2026. Historical results retain their exercise dates; worked budgets are assumptions, not quotations.