Policies
Electric Vehicles (EVs) will make up the bulk of our vehicle population in the coming years. To support the adoption of EVs, we have adopted a three-pronged approach via tax incentives, regulations, and standards, and EV charger deployment.
The following measures are aimed at lowering the cost of owning an electric car, particularly mass-market models.
- EV Early Adoption Incentive (EEAI) from 1 January 2021 to 31 December 2023: Owners who register fully electric cars will receive a rebate of 45 per cent off the Additional Registration Fee (ARF), capped at $20,000. This
will narrow the upfront cost gap between electric and internal combustion engine cars.
- Enhanced Vehicular Emissions Scheme (VES) from 1 January 2021 to 31 December
2025: Rebates for certain categories of vehicles will be increased by $5,000 for cars, and $7,500 for taxis.
- Additional Registration Fee (ARF) floor reduction from 1 January 2022 to 31 December 2023: The ARF floor will be lowered from $5,000 to $0 for fully electric cars and taxis, so that buyers of mass-market electric cars can
enjoy the combined EEAI and VES rebates of up to $45,000.
- Revision of road tax framework for electric cars from 1 January 2022: Road taxes for fully electric and petrol electric cars will be reduced by up to 34 per cent for those whose cars are in the 90-230kW power rating bracket. This is to ensure that mass-market electric cars pay similar road tax quantum compared to their internal combustion engine equivalents.
Learn more about the revised road tax framework.
It is important to have good and clear regulations to develop a robust EV ecosystem in Singapore. As a first step, we have vested new statutory functions in LTA to promote and regulate the safe use of EVs and EV charging. Our national EV charging standards, Technical Reference 25 (TR25) is periodically reviewed by representatives from industry, academia and government agencies to ensure that it remains aligned to industry best practices.
We aim to deploy 60,000 electric vehicle EV charging points across Singapore by 2030, comprising 40,000 in public car parks and 20,000 in private premises.
- In September 2021, URA and LTA awarded the pilot tender for more than 600 EV charging points in over 200 public car parks across Singapore. More tenders for charging point deployment at public carparks will be awarded in due course.
- For non-landed private residences such as condominiums and private apartments, we launched the EV Common Charger Grant in July 2021 to catalyse the deployment of EV chargers by co-funding installation costs.
Learn more about Singapore’s EV vision and roadmap.
