Singapore’s EV adoption rate nearly doubles in 2024, with one out of 3 cars sold from Jan-May being electric

Singapore’s EV adoption rate nearly doubles in 2024, with one out of 3 cars sold from Jan-May being electric

Over in Singapore, electric vehicle (EV) take-up is on the rise, accounting for nearly one of every three new cars registered the republic in the first five months of this year. That’s nearly double the 2023 figure of 18.1%, as the Straits Times reports.

The latest available information from the land transport authority (LTA) revealed that out of the 14,802 new cars registered from January to May, a total of 4,819 units, or 32.6%, were EVs.

The number of electric cars in Singapore as of May stands at 16,738 units, or 2.6% of the total vehicle population, well up from the 6,531 units (or 1%) at the end of 2022, when EVs only accounted for 11.7% of total new car registrations.

According to the country’s transport minister Chee Hong Tat, financial incentives for buying cleaner energy vehicles as well as a grant to support the installation of chargers in non-landed private residences and a law to ensure that chargers are safe and accessible are the primary reasons why EV adoption rates have increased significantly.

In terms of incentives, buyers of new EVs get up to SGD40,000 (RM139,500) in rebates, these being SGD15,000 (RM52,300) through the EV early adoption incentive and up to SGD25,000 (RM87,200) from the enhanced vehicular emissions scheme (VES).

Singapore’s EV adoption rate nearly doubles in 2024, with one out of 3 cars sold from Jan-May being electric

He said the EV common charger grant, introduced in 2021 and available until the end of 2025, has co-funded the cost of putting 1,100 EV chargers in private condominiums so far. This is up from 789 chargers in November 2023, which was before the amendment to the law that lowers the threshold needed to pass resolutions to install EV chargers at strata-titled developments kicked in.

As such, Chee said that the installation of EV chargers is on track to support the growth in the EV population, with more than 7,100 charging points now available across the island state, including charging points in more than a third of housing and development board (HDB) car parks.

The ST report adds that adoption rates have climbed as a result of more models coming into the market, many of them qualifying for the cheaper Category A certificate of entitlement (COE). However, as an academic points out, the numbers might not continue to double.

“Singapore’s transition to EVs really started only in the past two years. The adoption rate will likely plateau, as it cannot be nearly doubling every year,” said Victor Kwan, a senior lecturer with the Singapore University of Social Sciences.

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Anthony Lim

Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap. Having spent more than a decade and a half with an English tabloid daily never being able to grasp the meaning of brevity or being succinct, he wags his tail furiously at the idea of waffling - in greater detail - about cars and all their intrinsic peculiarities here.

 

Comments

  • newme on Jul 05, 2024 at 2:00 pm

    Singapore oklah. Can charge once every 2 weeks. No range anxiety.

    Like or Dislike: Thumb up 12 Thumb down 0
    • Plus their tax on petrol and diesel is 100%.

      Like or Dislike: Thumb up 5 Thumb down 0
    • Sick & Tired on Jul 05, 2024 at 4:37 pm

      Later when Sinkies come here charge their EVs, is PMX gonna remove electric subsidies so Malaysians can suffer even more?
      Marahkan nyamuk, kelambu dibakar
      Marahkan marhaen x undi PH, negara perlu sengsara

      Like or Dislike: Thumb up 16 Thumb down 3
      • Make Malaysia Great Again on Jul 08, 2024 at 7:35 pm

        KKB voters made wrong choice, diesel subsidy removed.
        Sg Bakap voters made right choice, lets see if PiziAlJubor still dare to remove RON95 subsidy.

        Like or Dislike: Thumb up 4 Thumb down 1
      • hazri on Jul 08, 2024 at 9:25 pm

        since when electric got subsidized? dont spread fake news

        Like or Dislike: Thumb up 0 Thumb down 2
        • Sick & Tired on Jul 09, 2024 at 3:58 pm

          You bodoh or dunno how to read? Go take your TNB billing and see carefully it is stated there how much the price with and without subsidy! PH troopers otak memang memalukan dipanggil spesis manusia.

          Like or Dislike: Thumb up 0 Thumb down 0
  • EV only good if you live in landed properties and use in urban areas.

    Like or Dislike: Thumb up 8 Thumb down 5
    • Pro-Palestine on Jul 06, 2024 at 8:56 am

      If you work harder and stop wasting time typing on the internet, maybe you can afford a landed property one day too.

      Like or Dislike: Thumb up 0 Thumb down 1
    • anwar menang,rakyat dijubbokan on Jul 06, 2024 at 10:05 am

      EVs are a world wide scam.
      Rishi sunak was kicked out from being pm due to this. The western rakyat already realize that EVs are a scam… only makes the global elites richer and more control over our freedom

      Like or Dislike: Thumb up 1 Thumb down 2
  • Good infrastructure on Jul 05, 2024 at 2:32 pm

    Takes two hands to clap. If there are a lot of chargers people will be willing to buy EVs, and vice versa.

    Like or Dislike: Thumb up 5 Thumb down 2
  • Singapore small and can provide lots of charging places/infra…..EV the problem for me is charging and the time it took to charge ….at least 20-30mins using fast charger and can be longer if there are que (5 cars can take 2 hours vs petrol station,… you just basically drive in pump and drive out.

    Like or Dislike: Thumb up 5 Thumb down 2
    • Pro-Palestine on Jul 06, 2024 at 8:57 am

      20-30 mins is nothing. I spend longer time in rest stops. Kencing, makan, minum already 30 minits

      Like or Dislike: Thumb up 0 Thumb down 0
    • Pandai on Jul 06, 2024 at 8:34 pm

      Malaysia has abundant landed houses. Most owner prefer charge at home for the convenience. Unless you live in high rise like most Singaporean then it’s a hassle .

      Like or Dislike: Thumb up 4 Thumb down 0
  • Muhammad Raziq on Jul 05, 2024 at 8:37 pm

    Rumah burung now got charger

    Like or Dislike: Thumb up 0 Thumb down 0
 

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