A Closer Look at Singapore’s EV Market: BEVs Take the Lead
In the first three months of 2023, Singapore saw a significant increase in sales of battery-electric vehicles (BEVs), with over 12% of cars sold being fully electric. This surge in electric car sales reflects a growing interest in sustainable transportation and highlights the potential for electric cars to become the norm in Singapore in the near future.
BEVs dominate Singapore car market in Q1 2023
Out of the 6,493 cars sold in Singapore in Q1 2023, 810 were fully electric and 51 were plug-in hybrids. This means that 12.5% of cars sold in Singapore during this period were BEVs, which is an impressive increase from previous years. The growth of electric cars in Singapore is driven by factors such as government incentives, advances in technology, and growing awareness of the environmental benefits of electric cars.
Top 5 BEVs sold in Singapore in Q1 2023
The top 5 BEVs sold in Singapore during Q1 2023 were Tesla, BMW, BYD, Mercedes-Benz, and Opel. Tesla came in first place with 165 units sold, followed closely by BMW with 163 units sold. Tesla’s Model Y was the most popular model among Singaporean buyers, while BMW’s i3 and iX3 were also popular choices. BYD’s Atto 3 was the main model sold in Singapore, and Mercedes-Benz and Opel also had respectable showings.
PHEV sales lag behind BEVs in Singapore
In Q1 2023, only 13.26% of cars sold in Singapore had a plug, with PHEVs accounting for a relatively small proportion of this. BMW registered the most PHEVs in Singapore with 21 units, followed by Ferrari and Volvo with 9 units each. The low number of PHEVs sold in Singapore could be attributed to limited availability, as well as the growing preference for fully electric cars.
Potential for Singapore to become an all-BEV market
The Singaporean government has implemented measures to control the number of vehicles in the small country, including higher import duties and taxes. However, these measures could be extended to incentivize the adoption of electric cars and help Singapore become an all-BEV market for new vehicle sales. Following in the footsteps of Norway, Singapore has the potential to lead the way in sustainable transportation and help reduce the country’s carbon footprint.
Conclusion:
The surge in electric car sales in Singapore during Q1 2023 is an encouraging sign that the country is moving towards a more sustainable transportation system. With the potential for Singapore to become an all-BEV market in the near future, we could see even greater growth in electric car sales and a reduction in the country’s carbon emissions.