As Singapore advances toward a greener future, electric vehicles (EVs) are becoming increasingly popular. With government incentives, enhanced infrastructure, and growing environmental awareness, 2025 is the perfect time for Singaporeans to switch to EVs. Here’s why switching to an EV in Singapore makes sense, supported by local data and expert insights. 

1. Lower Operating Costs

Switching to an EV can save Singaporean drivers significant amounts on fuel and maintenance. With petrol prices in Singapore averaging over SGD 3 per litre, EV owners can save thousands of dollars annually by charging at home or using public charging stations. 

Local Insight: 

• Electricity Cost: Charging an EV at home costs around SGD 0.25 per kWh (source: SP Group). 

• Maintenance Savings: EVs require less frequent servicing, with savings of up to 50% on routine maintenance costs. 

2. Environmental Benefits

Singapore’s government has committed to cutting carbon emissions by 36% by 2030. EVs produce zero tailpipe emissions, significantly reducing air pollution and improving urban air quality. 

Key Local Stats: 

• Carbon Reduction Target: By 2030, Singapore aims to phase out internal combustion engine (ICE) vehicles (source: National Environment Agency). 

• EV Impact: Every EV can reduce carbon emissions by up to 1.5 tonnes annually (source: Land Transport Authority). 

3. Government Incentives and Rebates

The Singapore government offers several financial incentives for EV buyers, making the switch more affordable. 

Example Programs: 

• EV Early Adoption Incentive (EEAI): Up to SGD 20,000 rebate on the Additional Registration Fee (ARF). 

• Vehicular Emissions Scheme (VES): Additional rebates of up to SGD 25,000 for low-emission EVs. 

4. Expanding Charging Infrastructure

Singapore’s EV charging network is rapidly expanding, with plans for 60,000 EV chargers by 2030. 

Charging Network Highlights: 

• SP Group: Over 1,000 charging points nationwide. 

• Shell Recharge: Fast chargers at various petrol stations. 

• BlueSG: Over 2,000 shared charging points available island-wide. 

5. Technological Advancements

EV technology continues to evolve, with Singapore seeing a surge in next-gen models offering long ranges and fast charging. 

Innovations to Watch: 

• Next-Gen Batteries: Expected to increase driving range by up to 50%. 

• Autonomous Driving: Features like adaptive cruise control and lane-keeping assist are becoming standard. 

6. Resale Value and Investment Potential

Due to growing demand and government policies, EVs in Singapore are expected to hold their value better than ICE vehicles. 

Local Market Insight: 

• EV resale value is improving due to future-proofing policies and increased EV adoption (source: SGCarMart). 

7. Enhanced Driving Experience

EVs provide a smoother and quieter driving experience, ideal for Singapore’s urban environment. 

Performance Metrics: 

• Acceleration: Some EVs go from 0-100 km/h in under 5 seconds. 

• Noise Reduction: EVs offer up to 40% quieter rides. 

Final Thoughts 

Switching to an EV in Singapore in 2025 is a smart financial, environmental, and technological move. With extensive support from the government, expanding charging infrastructure, and reduced running costs, the case for EV adoption has never been stronger.