Number of electric cars Singapore 2024, by brand

In 2024, more than 8,500 electric cars in Singapore belonged to BYD. By comparison, there were 5,163 Tesla cars in the same year. Nonetheless, the number of hybrid cars in the country was still higher, with Toyota being the leading brand.

Electric car sales in Singapore

The electric vehicle (EV) market in Singapore is growing rapidly. In 2024, electric vehicle registrations reached 14,448, representing 33.6 percent of the total 43,022 car registrations. Battery electric vehicles (BEVs) are enjoying growing popularity due to their environmental benefits and affordability. Thanks to favorable policies and infrastructure, Singapore's electric vehicle market is set for significant transformation in the years ahead. 

Electrification of Singapore's car fleet

Despite significant progress, Singapore is still far from achieving its electrification targets, with 96 percent of the car population still running on petrol in 2023. The high price of electric cars and the insufficient number of charging stations are the main obstacles to EV adoption identified by consumers. In addition, according to a survey conducted in January 2024, just over 30 percent of respondents in Singapore would only buy an electric car if it were cheaper than a conventional car. Furthermore, 61 percent of those surveyed cited tax breaks and subsidies as crucial incentives to buy an electric car. To meet this demand, Singapore aims to install 60,000 charging stations by 2030, and is offering incentives under the EV Early Adoption scheme and rebates for vehicles covered by the Vehicular Emissions Scheme (VES) Band A1.