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33% New Car In Singapore are EV for Year...

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  • Jul 06, 2024
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33% New Car In Singapore are EV for Year 2024 Jan to May

In Singapore, the adoption of electric vehicles (EVs) has surged significantly. From January to May 2024, approximately one in three new cars registered in the country was an electric vehicle, nearly double the figure from 2023. Here are some key points:

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1. EV Adoption Surge:

   - Financial incentives, including rebates for buying cleaner energy vehicles, have contributed to the rise in EV adoption.

   - The EV Early Adoption Incentive and the enhanced Vehicular Emissions Scheme provide up to $40,000 in rebates for new EV buyers.

   - Chinese brand BYD accounted for 45.3% of all EVs registered during this period.


2. Charging Infrastructure:

   - Singapore has made significant progress in developing EV charging infrastructure.

   - Over 7,100 charging points are currently installed across the country.

   - These charging points are strategically placed, including in more than a third of Housing Board carparks.

   - The EV Charging Act ensures that chargers are licensed, maintained, and accessible to users.


3. Common Charger Grant:

   - The EV Common Charger Grant, introduced in 2021, has co-funded the installation of 1,100 EV chargers in private condominiums.

   - This initiative aims to further enhance the charging network.

   - The grant will be available until December 31, 2025, or until it has supported 2,000 chargers.


In summary, Singapore's efforts to promote EV adoption and expand charging infrastructure have led to significant progress in the transition to cleaner energy vehicles. The future looks promising for electric mobility in the Lion City!


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