As a likely result of unprecedentedly exorbitant COE premiums, less than 150 new cars were registered under the OPC scheme in the first seven months of 2022.
BMW commits to having over seven million vehicles with all-electric or plug-in hybrid drive systems by the year 2030.
Parallel-imported cars continued to lose their shine last year, with registrations plummeting due to new emission regulations.
Slowdown in deregistrations of old cars as taxi app firms, such as Uber and GrabTaxi, snap up near-COE-expiry cars for their fleets.
