Guide To The Cheapest Electric Cars in Singapore 2024

Electric vehicles (EVs) are transforming transportation worldwide, and Singapore is no exception. 

The demand for these eco-friendly rides is booming, driven not only by their environmental and cost benefits but also by the nation's ambitious infrastructure goals. Singapore aims to install 60,000 charging points by 2030, with 40,000 set to be located in public car parks and 20,000 in private premises. This robust expansion of charging infrastructure is making it more convenient for residents to switch to EVs. 

This guide unveils the cheapest electric cars in Singapore for 2024. We’ll explore the top picks for EVs to help you make a smart move towards greener driving.

Table of contents

• Cheapest Electric Cars in Singapore
• Electric Cars to Consider in Singapore Today
• Comparison Table for Electric Vehicles
• Reasons to Switch to an Electric Vehicle
• How Much Could I Save If I Switch to an Electric Vehicle?
• Is This the Right Time to Buy an Electric Vehicle?
• Electric Car Rebate
• Places to Charge Your Electric Car in Singapore
• Certificate of Entitlement (COE) for Electric Cars
• Conclusion
• FAQs About Electric Cars Singapore

Cheapest Electric Cars in Singapore

We've compiled a list of the most budget-friendly options available in Singapore. Some models offer competitive prices while still delivering quality performance and essential features.

For starters, the BYD e6 has captured attention with its affordable price tag and spacious design. It’s perfect for families or those needing extra room without compromising on cost. Another contender is the MG ZS EV, which combines style, efficiency and affordability seamlessly. Lastly, the Nissan Leaf remains a favourite, balancing economical pricing with excellent performance and range.

With these options, you can enjoy all the benefits of electric driving. Affordable electric cars are more accessible than ever, making it easier to contribute to a cleaner environment.

Electric Cars to Consider in Singapore Today

If you're considering joining the green revolution, there are several electric cars in Singapore worthy of your consideration. The Hyundai Ioniq Electric stands out with its sleek design and impressive range. Its affordability makes it an attractive choice for eco-conscious drivers.

The Kia Niro EV is another model that's gaining popularity. It offers a great balance of price, performance and sustainability. With its roomy interior and advanced tech features, it's perfect for both families and tech enthusiasts.

Lastly, consider the Peugeot e-2008, a compact SUV that's big on style and efficiency. It’s an excellent choice for those wanting to make a statement while reducing their carbon footprint. These models showcase the diversity and innovation within the electric vehicle market in Singapore today.

Comparison Table for Electric Vehicles

To help simplify your decision-making process, we've put together a comparison table highlighting key aspects of each electric car. This table includes specifications such as range, price and special features.

This table offers a side-by-side comparison, making it easier to identify which vehicle meets your needs. Prices as of November 8, 2024.

Reasons to Switch to an Electric Vehicle

Electric vehicles are more than just a trend; they're a smart choice for several reasons. First and foremost, they’re environmentally friendly. EVs emit zero tailpipe emissions, which significantly reduces air pollution and your carbon footprint.

From a financial perspective, they’re more cost-effective in the long run. Lower fuel and maintenance costs mean you'll save money over time. Plus, there are various government incentives that can further reduce the total cost of ownership.

Finally, EVs often feature the latest tech and safety features. Quiet, smooth and efficient, electric vehicles represent the future of transportation. By making the switch, you're investing in a cleaner, more sustainable lifestyle.

Also read: Buying An Electric Car In Singapore: A Complete Guide

How Much Could I Save If I Switch to an Electric Vehicle?

Switching to an electric vehicle can lead to significant savings. While the initial purchase price might be higher compared to traditional cars, the savings on fuel can be substantial. Without the need to buy petrol, you could save hundreds of dollars annually.

Maintenance costs are another area where EVs shine. With fewer moving parts, electric cars require less upkeep, resulting in lower maintenance expenses. Add in potential tax rebates and incentives, and the financial benefits become clear.

Overall, the total cost of ownership for an EV can be much lower than that of a petrol car. It's a financially savvy choice that pays off in the long run, providing both economic and environmental advantages.

Is This the Right Time to Buy an Electric Vehicle?

You might wonder if now is the right time to invest in an electric vehicle. With technological advancements and increased infrastructure, the answer is a resounding yes. EVs are becoming more affordable and practical, with charging stations popping up all over Singapore.

Government support for electric vehicles is stronger than ever, offering incentives that make transitioning easier. The market is also expanding, giving you more options to choose from.

By investing in an EV now, you’re positioning yourself ahead of the curve. It's a forward-thinking decision that supports sustainability and innovation.

Electric Car Rebate

Singapore offers attractive rebates aimed at promoting electric vehicle adoption. The Electric Vehicle Early Adoption Incentive (EEAI) provides a rebate of up to 45% on the Additional Registration Fee (ARF), capped at S$15,000.

The National Environment Agency (NEA) maintains maximum Vehicular Emissions Scheme (VES) rebates of S$25,000 for cars under Band A1 (zero emissions), which covers most EVs.

Taking advantage of these rebates can significantly reduce the upfront cost of an electric vehicle.

Places to Charge Your Electric Car in Singapore

Charging infrastructure is a crucial consideration when switching to an electric vehicle. Fortunately, Singapore has a growing network of charging stations. From public spaces to shopping malls, there are numerous locations where you can charge your EV.

Popular charging station providers like SP Group and Greenlots offer easily accessible options across the island. Additionally, many residential developments are also installing charging points to cater to the growing number of EV owners.

With the increasing availability of charging stations, owning an electric vehicle in Singapore is more convenient than ever.

Certificate of Entitlement (COE) for Electric Cars

In Singapore, obtaining a Certificate of Entitlement (COE) is essential for car ownership. While COEs for electric cars generally cost more than those for traditional vehicles, changes in government policy aim to make them more affordable.

Recent adjustments to the COE system offer separate categories for electric vehicles. This move is part of a broader effort to encourage EV adoption and create a more sustainable transport landscape.

Understanding the COE process is vital when purchasing an electric car. Staying informed about policy changes can help you make the most cost-effective decision.

Conclusion

Choosing an electric vehicle is a step towards a cleaner, more sustainable future. With the affordability of electric cars in Singapore improving, now is an opportune time to make the switch. We've explored the cheapest options, the incentives available and crucial considerations like charging infrastructure and COE.

The benefits of owning an electric vehicle extend beyond environmental impact. They offer long-term savings, innovative features and a commitment to sustainability.

As you consider making the transition, take advantage of the resources available to you. Compare and buy the best car insurance on SingSaver's comparison platform to protect your investment.

FAQs About Electric Cars Singapore

What is the cheapest electric car available in Singapore?

The BYD e6 is currently one of the most budget-friendly electric vehicles in Singapore, offering an excellent balance of price, range and features.

How much can I save by switching to an electric vehicle?

While savings vary, you can expect to save significantly on fuel and maintenance costs. Government rebates and incentives can further decrease the total cost of ownership.

Where can I charge my electric car in Singapore?

Charging stations are widely available across Singapore, including public spaces, shopping malls and private residences. Providers like SP Group and Greenlots offer convenient locations for EV owners.