Spotting an electric car in Singapore is more far common now than before as many car manufacturers releasing models of EVs ranging from sedans, SUVs, and hatchbacks.
As Singapore continue to transition towards greener and more sustainable means of transportation, there are various factors to consider when considering making the switch including financial incentives, environmental benefits, and other unique advantages for Singapore drivers.
This guide provides insight into the best timing for making the switch from traditional petrol-based vehicles to electric cars in Singapore.
Table of Contents
What to know before switching to an electric car in Singapore?
Electric vehicles offer a range of advantages over traditional petrol-based cars. For instance, electric vehicles are up to 80 percent more efficient in producing energy, saving drivers money in fuel costs.
Electric vehicles also reduce pollution compared to gasoline-powered cars since they don’t emit the same pollutants.
On the flip side, while upfront costs can be steep, electric vehicles require less maintenance and have longer lifespans than petrol engines. It’s important that Singapore drivers consider all factors before making their switch.
| Pros of switching to an electric car | Cons of switching to an electric car |
|---|---|
| Clean motoring | Battery Lifespan Concerns |
| Lesser and easier maintenance | Charging Infrastructure Worries |
| Performance and power delivery | Long Charging Times |
| Less noisy | More Expensive |
| Smooth driving experience | Tires of electric vehicles wear 20% faster |
| Be among the first to support the electric vehicle industry | Require specialised car repair shops |
Assess your current car and budget
Before determining when to switch to an electric car in Singapore, it’s important to assess the condition of your current vehicle and understand your budget.
If you’re looking for a ride that can get you from A to B reliably without many bells and whistles, an electric option might be for you.
Before making the switch, consider whether your current car is performing well as most cars are designed to last 15 years or more unless your vehicle have got into a car accident before.
Factor in how much money you’re willing to spend on an electric car and research which models suit your budget and needs best.
Research electric car models available in Singapore
Once you have an idea of your budget, it’s time to research which electric car models are available in Singapore and decide which one makes the most sense for you.
With the transition to electric cars taking place in Singapore, there is a growing range of vehicles offered on the market. It’s important to assess whether you want buy a brand new or second-hand car, as well as make sure that the car takes into consideration your living environment and future needs.
As Singapore is taking steps towards a greener future by incentivising the use of electric vehicles (EVs). The Land Transport Authority (LTA) has announced that EVs with a power output of up to 110kW (approximately 148hp) will be eligible for Cat A Certificates of Entitlement (COEs) starting from May 2022.
Researching each option thoroughly will increase your chance of finding a car that suits your individual lifestyle and needs.
Once you have narrowed down your options, it’s time to compare prices and features. Make sure to look at the total cost of ownership, including registration fees, insurance premiums, and maintenance costs.
You should also consider any incentives or subsidies that may be available for electric cars in Singapore. Finally, it’s important to test drive the car before making a purchase decision.
Evaluate government incentives and subsidies
As you begin the process of searching for the right electric car model, it’s worth investigating what incentives or subsidies are available.
For example, in Singapore there are multiple grants and rebates available for electric cars which could help to make your purchase more affordable in the long run.
It’s a good idea to thoroughly research these grants and rebates, so that you can reap the long-term financial benefits from owning an electric car in Singapore.
EV Early Adopter Incentive (EEAI)
EV Early Adopter Incentive (EEAI) is a scheme that enables electric vehicle (EV) buyers to get a rebate of 45% on their Additional Registration Fee (ARF). The maximum rebate under the scheme is capped at $20,000 and it applies to purchases made between 1st January 2021 and 31st December 2023.
VES Rebates
VES Rebates for electric cars are typically higher than for traditional fuel vehicles, as EVs strive to be more environmentally friendly. The rebate amount is dependent on the eco-friendliness of each car and can range as high as $25,000 for a car rated grade A1 or higher.
$0 ARF
From January of 2022 to December 2023, the minimum Additional Registration Fee (ARF) for all electric cars will be set to $0; this is a significant change from the usual amount of $5,000. This waiver is expected to encourage the purchase of all-electric vehicles in Singapore during this period.
Road Tax
From 2022 onwards, road tax for fully electric cars in the 90-230kW range will be reduced, to more closely align them with similar gas-powered cars. This change comes as Category A Maximum Power Output threshold for electric vehicles gets a bump from 97kW to 110kW so more mass market EVs can get a cheaper rate.
Consider other alternatives before making a decision
Before taking the plunge and committing to an electric vehicle, it’s important to consider your other options such as hybrid or gasoline cars.
Investigate what vehicle will best suit your needs and lifestyle, even if that option is a more traditional one.
Be sure to look into the emission ratings of each model (if applicable) so you know how your potential car choices will affect Singapore’s overall air quality.
Where to charge electric cars in Singapore?
If you’re driving an electric car in Singapore, you’ll be pleased to know that there are over 3,600 public charging points across the island, including HDB carparks EV charging points.
To find out where these charging stations are located, simply download the MyTransport.SG app on your iOS or Android device. With just a few taps, you’ll have all the information you need to keep your electric car charged and ready to go.
| EV CHARGING STATIONS | TYPE OF CHARGERS |
|---|---|
| Shell Recharge | 50kW Direct Current (DC) and AC Type 2 (43kW) |
| Caltex | 50kW Direct Current (DC) |
| CDG Engie | AC 22kW, DC 100kW & 120kW |
| Charge+ | AC 22kW, DC 120kW |
| QuickCharge.sg | AC 22kw, DC 30kW |
| BlueSG | Type 3 AC (3.7kW) |
| SP Group | 50kW Direct Current (DC) and AC Type 2 (43kW) |
| ChargeNow by BMW | 50kW Direct Current (DC) and AC Type 2 (43kW) |
| Tesla Superchargers | 480-volt (DC) |
How much will I save if I switch to an electric car?
If you’re considering switching to an electric car, one of the biggest advantages is the potential savings on energy costs.
To give you an idea of how much you could save, let’s take a look at some assumptions and calculations on the potential annual savings you can get from driving an electric car.
Based on average fuel and electricity prices, driving an electric car could save you hundreds or even thousands of dollars per year in fuel costs alone compared to a petrol-powered vehicle.
Additionally, electric cars require less maintenance and have longer lifespans, which can save you even more money in the long run.
- Average annual distance driven per car = 17,500km (source)
- Average petrol price per litre = $2.62 (source)
- Energy tariff rate = 28.95 cents/kWh (source)
| Car Model | Mercedes EQA 250 | Mercedes GLA 250 |
|---|---|---|
| Energy consumption | 16.2kWh/100km | 6.6L/100km |
| Annual energy cost | $821.11 | $3,026.40 |
| Savings | $2,205.29 | – |
Of course, the exact amount will depend on factors such as your driving habits, the cost of electricity in your area, and the latest petrol price in Singapore.
So, should I get an electric car now?
If you are interested in purchasing a fully electric car, before the end of 31 December 2023 could be the best time to do so. With the Vehicle Emissions Scheme (VES) and Electric Vehicle Early Adoption Incentive (EEAI), buyers can get up to $45,000 off their new electric car purchase.
Singapore’s increasing move towards a greener future has made the switch to an electric car now an increasingly attractive option.
One of the big draws is the low running costs, tax benefits and the smooth and responsive driving experience that electric cars offer.
What’s more, with Singapore legislation mandating all new car registrations to be of cleaner-energy models from 2030 and diesel car registrations stopped from 2025, making the switch sooner rather than later could potentially save you time, energy and money.
With ongoing advancements in EV technology and Singapore growing EV charging infrastructure, it’s hard not to consider an electric car for your future motoring needs.
10 best electric cars in Singapore 2023 to consider
| Brand/Model | Price (SGD) From | Why Choose This EV |
|---|---|---|
| Tesla Model 3 | $118,183 (Without COE) | When it comes to electric cars, one brand that immediately comes to mind is Tesla. The Tesla Model 3, in particular, boasts an impressive range of up to 547km, making it one of the best options on the market. Not only does it have a fun infotainment system with pet-friendly settings, but it also features sleek vegan leather seats and a modern interior design. While there are still some issues to be worked out with the car’s build, Tesla owners rave about its impressive acceleration capabilities and tech-focused design. |
| Tesla Model Y | $149,860 (Without COE) | The Tesla Model Y is a sleek and stylish sports utility vehicle that is making electric cars more appealing than ever before. With its spacious interior and glass roof, this five-seater is perfect for families and adventurers alike. And if you opt for the dual-motor, all-wheel performance package, you’ll get a lightning-fast acceleration time of just 3.7 seconds and an impressive range of 514km. Plus, the Model Y comes equipped with all the latest safety features, including autopilot and active safety features, making it a top choice for anyone looking for a high-performance electric vehicle. |
| BYD Atto 3 Electric | $189,888 (With COE) | The BYD Atto 3 is an electric vehicle that boasts an impressive 480km range thanks to its innovative Blade Battery technology. But it’s not just the battery that sets this car apart – the design is also a standout feature. With “dragon eye” headlights and a Dragon Face 3.0 exterior, the Atto 3 is both stylish and safe. Inside, the design takes inspiration from fitness and music, with leather detailing and guitar string-like door bins. The seats are even inspired by gaming chairs, and cameras around the car act as dashcams. While it may not be the fastest EV on the market, the Atto 3 offers great value for its specs. |
| Mercedes-Benz EQB Electric | $286,000 (With COE) | The Mercedes-Benz EQB Electric is a spacious and eco-friendly SUV that is ideal for families. This seven-seater vehicle features a sleek and elegant design, with uninterrupted light bars at the front and back. The EQB also boasts a new dashboard and infotainment system, providing a comfortable and familiar driving experience. The back row seats can be easily folded down to create extra boot space when needed. As the second fully electric compact car from Mercedes’ EV line, the EQB has a range of 423km and is a great choice for those looking to reduce their carbon footprint without sacrificing style or comfort. |
| Polestar 2 Electric | $240,000 (With COE) | Polestar 2 Electric is a high-performance, all-electric car with a range of 518km. As a division of Volvo, Polestar combines cutting-edge technology with sleek Swedish design. The car boasts a minimalist aesthetic with luxurious touches, in line with Volvo’s signature style. With a responsive throttle, the Polestar 2 can go from 0 to 60 in just 3.5 seconds, making it a strong competitor to Tesla. |
MG ZS EV | $82,888 (Without COE) | The MG ZS EV is a budget-friendly electric vehicle that doesn’t compromise on quality. Despite its affordable price tag, it was named the best EV of 2020 and offers impressive features. With a range of 335km and 35MNM torque, this Chinese car is no slouch. It also comes equipped with basic but useful features like a touchscreen, cruise control, and compatibility with Apple Carplay and Android Auto. Plus, if you’re a fan of sunshine, you’ll appreciate the panoramic sunroof. |
| Hyundai Ioniq 5 Electric | $129,000 (With COE) | Hyundai’s Ioniq 5 Electric has been named the winner of the 2022 World Car Awards. This innovative vehicle is the first to be built on Hyundai’s new Electric-Global Modular Platform (E-GMP), and local cars will soon be assembled in Singapore. With the ability to support 800-volt charging, the Ioniq 5 Electric can be charged from zero to 80 percent in just 18 minutes, and boasts an impressive range of up to 481 km. |
| Porsche Taycan Electric | $354,158 (Without COE) | The Porsche Taycan Electric is the perfect car for those who love to drive, care about the environment, and have a taste for luxury. With its entry-level model, you’ll get a powerful 240kW (322 bhp) engine and 345 Nm of torque, allowing you to go from 0 to 100km in just 5.4 seconds. And with a range of up to 512km, you won’t have to worry about running out of juice on your next road trip. So if you’re looking for a high-performance electric car that’s also eco-friendly, the Porsche Taycan Electric is definitely worth considering. |
| BMW iX3 Electric | $337,888 (With COE) | The BMW iX3 Electric has received a new design that includes the M Sport package as a standard feature, giving it a sportier appearance. The vehicle’s electric nature is highlighted by its aerodynamic elements and blue accents. With a range of up to 461 km and an electricity consumption rate of 18.5 kWh/100 km, the BMW iX3 Electric is perfect for both short and long journeys. |
| Kia EV6 Electric | $259,999 (With COE) | The Kia EV6 Electric is a standout electric vehicle that boasts impressive handling and a range of up to 506km, depending on the model and wheel size. With options for rear or four-wheel drive, the EV6 offers decent performance with a 0-60mph time of 7.1 seconds for the rear-drive version and just 5.2 seconds for the all-wheel-drive version with 325hp. For those seeking even more power, the GT version delivers a whopping 585hp. While it shares a platform with the Hyundai Ioniq 5, the EV6 offers its own unique style and performance. |
Is it cheaper to drive electric car in Singapore?
When it comes to the cost of fueling a car in Singapore, electric vehicles (EVs) have a clear advantage over petrol cars. The price of electricity per watt is significantly cheaper than the price of petrol per litre. Currently, petrol prices start at $2.62/L, while charging rates for EVs start at $0.43/kWh. This means that filling up a 1.4-litre petrol car with a full tank of 50L will cost around $144.10, while charging an EV will cost significantly less. So, if you’re looking to save money on fuel costs, an EV may be the way to go.
Is it really worth it to buy an electric car?
When it comes to buying a car, many people wonder if an electric car is really worth the investment. The answer is yes, especially when it comes to maintenance costs. Electric cars have fewer moving parts and don’t require oil changes like gas-powered cars do, which means lower maintenance costs in the long run. So, if you’re looking for a car that’s not only eco-friendly but also cost-effective, an electric car is definitely worth considering.
How much does it cost to charge an electric car?
The cost of charging an electric car varies depending on the charging station and the rate at which it charges. Most charging stations charge by the kilowatt-hour (kWh) or by the hour. On average, a full charge for an electric car with a 60 kWh battery would cost around $33. However, prices may vary depending on the location and time of day. Some charging stations may also offer free charging or discounted rates for certain times or membership programs.
Is it OK to charge electric car everyday?
While it may be tempting to charge your electric car every night, it’s actually not necessary and can even be detrimental to the lifespan of the battery pack. It’s recommended to only charge your electric car when the battery level is low, rather than charging it every night. This will help to prolong the life of the battery and ensure that it functions optimally for years to come.
Will electric cars get cheaper?
As technology advances and production costs decrease, it is likely that electric cars will become more affordable in the future. In fact, some car manufacturers have already started to lower prices on their entry-level electric models, making them more accessible to the average consumer. Tesla, for example, recently cut prices by $10,000 across its entire model line, indicating a trend towards more affordable electric vehicles.
What is the top selling electric car in Singapore?
As of 2022, the top selling electric car in Singapore is Tesla, with 875 units sold. Following closely behind is BYD with 786 units, BMW in third place with 492 units, Mercedes-Benz in fourth with 327 units, and MG in fifth with 228 units. These numbers reflect the growing popularity of electric vehicles in Singapore and the increasing demand for sustainable transportation options.
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