Personal Finance
A Guide To Electric Cars in Singapore: How Much Does It Cost To Own One?
By Seedly  •  February 18, 2021
I have a confession to make. I… Haven’t been in an electric vehicle before. But I remember watching an Instagram story of someone hitching a ride on a friend’s Tesla and I was like: Source: Tenor If you’re a Tesla fan, you would’ve rejoiced when Tesla Singapore’s sales portal went live recently. This has been a timely move given the recent focus on environmental sustainability. In fact, more measures are now in place to encourage more drivers to make the switch to Electric Vehicles (EV). In the recent Budget speech, new measures have been introduced to narrow the cost of owning an electric vehicle as compared to an Individual Combustion Engine (ICE) vehicle. According to the Land Transport Authority (LTA), fully-electric cars and plug-in hybrids only make up 0.2% of the total car population as of Jan 2021. With these new initiatives, there would now be a lower barrier of entry when it comes to owning an electric car in Singapore!...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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