Tesla’s return to Singapore has begun with the activation of its sales portal for the republic, The Straits Times reports. The site currently lists the upcoming availability of the Model S Plaid, Model X facelift (also, the Plaid) and the Model 3, although only the estimated price of the Model 3 is offered at the moment.
The estimated price of the Model 3 Standard Range Plus (SR+) rear-wheel drive is S$112,845 (RM344,290) before the cost of the Certificate of Entitlement (COE) is factored in. Ticking the full self-driving capability option adds S$11,500 (RM35,090) to the cost, and brings the price to S$139,822 (RM426,600), excluding COE.
Pricing of the COE, which represents a right to vehicle ownership and use of the limited road space for 10 years, is not static – the rates are revised twice monthly, and that presently listed for February 2021 has the COE rate for Category B (car above 1,600 cc or 97 kW) at S$46,790 (RM142,755).
As such, the price of the Model 3 SR+ would be S$159,815 (RM487,600) based on the current projection and estimates, and S$186,792 (RM569,900) with the full self-driving system added on. The price of the base SR+ is slightly more than a Toyota Camry 2.0 (S$153,888 at time of writing, or RM469,260) but cheaper than a Camry 2.5 (S$164,888, or RM502,800), and for further comparison, a BMW 330e Luxury presently retails for S$255,888 (RM780,300).
Buyers going the Model 3 Performance route will have to fork out S$154,815 (RM472,340) excluding COE for the dual-motor all-wheel drive variant, and adding on the full self-driving capability will up that to S$181,792 (RM554,650). With the current COE factored in, the estimated price of the Performance inclusive of the COE is S$201,605 (RM615,093), and S$228,582 (RM697,400) with the self-driving system added on.
Performance specs listed for the Model 3 SR+ include a 448 km operating range (WLTP), 0-100 km/h time of 5.6 seconds and a 225 km/h top speed. As for the Model 3 Performance, the relevant numbers are a 567 km operating range, a 0-100 km/h sprint time of 3.3 seconds and a 261 km/h top speed.
Tesla’s return marks a year since the Singapore government announced in its 2020 Budget that it would introduce better incentives to encourage the adoption of greener vehicles, as well as come up with a plan to expand the EV charging network exponentially across the island.
Tesla models will be eligible for the EV Early Adoption Incentive (EEAI), which began on January 1, 2021, and is in effect until December 31, 2023. Under the incentive scheme, Tesla buyers will receive a 45% rebate from the Additional Registration Fees (ARF), which is currently set at a maximum of S$20,000 (RM61,020).
The cars will also benefit from the vehicular emissions scheme (VES) rebates. From January 2021 until December 31, 2022, enhanced VES rebates for clean vehicles in bands A1 and A2 have been increased to S$25,000 (RM76,280) and S$15,000 (RM45,770).
As Tesla vehicles are pure electric, they qualify under bands A1 or A2 (model dependent) – in the case of the Model 3, this is S$25,000, applicable when order and delivery of a vehicle occurs within the effective period. The estimated prices of the Model 3 mentioned above are inclusive of the S$45,000 (RM137,300) combined rebate available for the car.
GALLERY: 2021 Tesla Model 3 facelift
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First in ASEAN. First in the world where a Model 3 same price as a Toyota Camry.
Meanwhile in Mesia Model 3 is a mere RM 390k via AP. So someone was clearly lying when he said Model 3 is cheaper in Singkay.
A model 3 sold by PI dealers here is 250K SGD (for the cheapest model). That is way too expensive!
No warranty there, if car goes up in flames your not covered. Better pay more for peace of mind.
Don’t mention the price in RM. Dollar to dollar, it’s like earning RM5000 in Malaysia and the Tesla same price as a Altis.
Yeah you haven’t factored in skyhigh COE prices.
Yeah dude. Agreed. Sometimes I don’t understand why people always convert the currency. Typical ignorant thinking maybe? Or maybe eat dirt and dedak too much. We in Malaysia studied British standard but the salary here not as standard as our education. Our tax so redundant, tax here, tax over there, cheapo salary. Remember our parents time (good old days when we are ahead of Korea), on when their SPM education can live happily on landed house? Can drive nice imported car? (Before the national car) And etc. Now even with Degree British standard kononnya, but live on burung house? Can they (typical) think on how our purchasing power reduce dramatically?
Couldn’t agree more. If an Singapore spends sgd3000 for a trip to japan, equivalent to 1mth of their salary, we have to spend myr9000 for the same trip! We average can’t even afford a car above myr100000, not to mention we won’t even get the tesla at myr150k here. It’s gonna be at least myr300k. No incentive for hybrids, no regulation of exhaust emissions, we are living in 2021 but mindset reversed.
All the talk about EV but Malaysia doesn’t have the infrastructure of facilities to charge the Electric Vehicles… People are sceptical about EV just like the Hybrid cars whereby the replacement cost of the lithium batteries are atrocious. That’s the main reason no 2nd value…
poor malaysian can only drool
Wow cheap, around same price as civic
So possible Malaysia price is starting from MYR350k then, if excise isn’t too high (haha j/k). So anyway Anthony, any idea if this is made in Shanghai or all the way from Fremont?
Tesla there is even cheaper than here
EV Tesla got a factory in China while we get excited with China’s combustion engine in Geely/Proton X70 and X50
Notice the road tax – it’s $2,500 a year
That’s almost 2/3 of an average family sedan’s annual petrol bill. The 1.6L sedan would have a road tax of $700 a year
Weak myr.. Why mention it in MYR. The price in Sgd is pretty much affordable for an average Singaporean, it is also at the price range of other ICE c-segments which is everywhere on the road in SG. Please stop giving impressions that their cars are so expensive. Ours is expensive considering the average salary a malaysians earns.
Tesla in malaysia should be cheaper in malaysia as singapore are trying to put less vehicle on their road but not malaysia, local dealer also have to buy model 3 straight from china so the price will be lower compared to UK, local car brands need to develop a working EV if they really care about the environment
FYI tesla official don’t sell cars using dealers, they don’t believe in local dealers and AP, so until Malaysia abolishes AP we will NEVER get an officially distributed/sold Tesla.
does this come with a parking lot with Tesla overnight charging setup?
if not, better don’t buy la