The Hyundai IONIQ 5 and how it is dying a slow death in the Singapore market.

While I was still roaring like a lion, I was involved in some discussion on how to an EV can avoid high OMV by offering Battery as a Service.

It might be possible but the context has to be complete re-evaluated from the key area - who owns the battery ?

To escape taxes, let's imagine that the IONIQ 5 that is manufactured in Singapore is equipped with an ultra small battery, to reduce the overall OMV of the vehicles and hence reduced ARF.  It may seem pointless as the gahmen is currently giving $25,000 rebate for top tier VES and another $20,000 for EV Early Adopter's incentives.

It may also seem pointless during high COE premiums days such as now.