Singapore To Maintain Electric Car Rebates In 2025

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Singapore To Maintain Electric Car Rebates In 2025
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Singapore will continue offering substantial financial incentives for electric car buyers in 2025, aiming to encourage the adoption of EVs. Both the Land Transport Authority (LTA) and the National Environment Agency (NEA) announced that rebates on Additional Registration Fees (ARF) and Vehicle Emissions Scheme (VES) will remain largely unchanged.

The LTA and NEA said most electric car models will enjoy the same level of rebates in 2025 as in 2024.

The zero-dollar ARF floor for electric cars and taxis will also be extended until Dec 31, 2025, which will allow mass-market EV buyers to continue maximising the rebates from the incentive scheme. However, new cars that fall under Band A2 – including high-powered EVs, most hybrids and smaller, more efficient internal combustion engine cars – will get a smaller rebate in 2025 of $2,500. This is down from $5,000 currently and $15,000 in 2023.

On the flip side, those buying the battery-powered Mercedes-Benz EQE300 sport utility vehicle, which falls under VES Band A2 and has an open market value of $77,689, will have to pay $112,723 in ARF in 2025, $2,500 more than in 2024. From Jan 1, 2025, new diesel cars and taxis can no longer be registered in Singapore, and from 2030, all new cars and taxis registered here will be required to be cleaner-energy models.

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straits_times /  🏆 5. in SG

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