New vehicle registrations in Singapore increased by 21% to 62,671 in 2025, up from 51,706 units in 2024, reflecting strong sales of battery electric vehicles (BEVs) – driven by the government’s Electric Vehicle Early Adoption Incentive (EVEAI) programme. The government aims to switch the country’s entire vehicle fleet to zero emissions by 2040.
Government data showed that new registrations of passenger vehicles in the city-state increased by over 22% to 52,678 units last year, compared with 43,022 units previously, while commercial vehicle sales rose by 15% to 9,761 units, and sales of off-peak vehicles amounted to a further 232 units.
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The government has extended the EVEAI programme until the end of 2027, with BEV buyers offered tax rebates of up to SGD 22,500 (US$ 17,600) this year, falling to SGD 20,000 (US$ 16,000) in 2027. Buyers of hybrid vehicles no longer receive rebates, while buyers of internal combustion engine (ICE) vehicles incur surcharges of up to SGD 35,000 (US$ 27,300) in 2026, rising to up to SGD 45,000 (US$ 35,200) next year.
Chinese automaker BYD has become Singapore’s leading vehicle brand thanks to its strong BEV line-up, with sales surging by 83% to 11,715 units last year, followed by Toyota with 8,732 units (-10%); Mercedes-Benz 5,079 (-5%), BMW 5,091 (+0.4%), and Honda with 5,042 (+23%) units.
GlobalData expects Singapore’s light vehicle market to shrink by 11% to just over 51,000 units in 2025 following last year’s strong growth, with a further decline to 47,000 units forecast for 2027.
