Singapore's electric vehicle market is experiencing unprecedented growth as registrations surged dramatically in the first half of 2025, with EVs now representing a dominant share of new vehicle sales.
New car registrations increased by 35.2% in the first quarter of 2025 compared to the same period in 2024, totaling 10,883 vehicles, largely driven by increased availability of certificates of entitlement (COEs) from the Land Transport Authority.
The government's financial incentives have been a key driver, offering EV buyers up to SGD 40,000 in tax rebates and up to 45% discount on Additional Registration Fees, with these incentives extended through December 2025.
Singapore's ambitious transition plan includes prohibiting new diesel car and taxi registrations from January 1, 2025, as part of the nation's goal to transition all vehicles to cleaner energy sources by 2040.
The rapid adoption reflects Singapore's commitment to sustainable transportation, with Chinese EV brands leading market penetration and consumers increasingly embracing electric mobility solutions despite initial concerns about charging infrastructure and operating costs.
