More Chinese electric vehicle brands are launching in Singapore as the government pushes for EV adoption with extended incentives and charging points.
During the first half of this year, about one in three new cars sold in Singapore was an EV – nearly double the 2023 figure of around 18%, according to the Ministry of Transport.
"As Singapore continues to progress its EV transition, we believe that there is a desire for EVs that go beyond being simply a form of conveyance, to offering a premium driving experience with conveniences that elevate urban living," said Mars Chen, vice president of Zeekr, after the brand's Singapore launch last week.
"Along with the government's push towards EVs, it's ideal for EV players to expand into Singapore despite its small market size," Seet said. Under the program, newly registered fully electric cars and taxis will receive 45% rebate off the additional registration fee – a tax imposed upon registration of a vehicle – capped at SG$15,000.
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