Saving & Spending
How Much Does an Electric Car Cost in Singapore?
By Dr Wealth  •  December 18, 2024
According to The Business Times, 1 in 3 new cars sold in Singapore between Jan to May 2024 was an electric vehicle (EV). You may be considering an EV in the coming year, but are wondering how much an electric car costs in Singapore. In a nutshell, the total cost to own an EV in Singapore is about $180,515, based on the latest OMV of a BYD Atto 3, with VEI and EEAI rebates taken into consideration (only accurate at the point of writing). Let’s take a look at how that breaks down: Cost of Owning an Electric Vehicle in Singapore With the entry of EVs from various makers, drivers in Singapore now have a wide range of electric vehicles to choose from. Your cost will vary depending on your desired EV and your personal profile! Here, I’ll use the BYD Atto 3 and Tesla Model 3 (AWD) as a case study....
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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