Just 20.1 per cent of vans registered in the same period in 2022 were EVs.
Supercharged by the race to register electric LGVs before the deadline, the price of certificates of entitlement for commercial vehicles – already in very short supply during this period – rose rapidly in the first three months of 2023, peaking at $91,101 at the first tender in March. Such COEs cost $48,889 exactly a year ago.
Secured COEs for commercial vehicles can be held for three months before they have to be used to register a vehicle. This partially accounts for why there can be more registrations than the COE quota for the given period, as dealers may be using a COE secured earlier to register a vehicle in the current period.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: