Rebate cuts won’t hurt Singapore’s momentum as South-east Asia’s top EV market in 2026
The Republic’s EV take-up is expected to rise due to a continued price advantage and new benefits for electric heavy vehicles
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[SINGAPORE] The Republic’s electric vehicle (EV) adoption rate should continue to grow in 2026 despite a cut in incentives for passenger EVs, say industry observers.
Passenger EV sales will be driven by cost-effective China models and increased competition among such brands, and supported by a growing charging network and higher surcharges on petrol-driven cars.
In the commercial sector, take-up should also be boosted by new incentives of up to S$40,000 for electric heavy vehicles (EHVs).
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