New vehicle registrations in Singapore increased by almost 14% to 15,551 units in the first quarter of 2026, from 13,673 units in the same period last year, driven higher by continued strong demand for battery electric vehicles (BEVs), according to government data.
New registrations of light passenger vehicles, comprising sedans, SUVs and MPVS, rose by over 22% to 13,322 units, driven higher by a 57% surge in BEV sales to 7,680 units, after the government extended its Electric Vehicle (EV) Early Adoption Incentive scheme until the end of 2026 – albeit with incentives capped at SG$7,500 instead of SG$15,000 previously.
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BEV buyers also benefit from savings under the country’s Enhanced Vehicular Emissions Scheme (VES), which has been extended until the end of 2027, as part of the government’s clean energy transition aiming to switch the country’s entire vehicle fleet to zero emissions by 2040. BEVs accounted for almost 58% of total passenger vehicle sales in the city-state.
Sales of commercial vehicles, including trucks and buses, declined by 19% to 2,229 units from 2,759 units a year earlier.
BYD has become Singapore’s leading vehicle brand, thanks to its strong BEV line-up, with sales amounting to 3,408 units in the first quarter – equivalent to 22% of total sales in the country. Toyota followed with 2,209 units, Tesla with 1,515 units, Mercedes-Benz 908 units, BMW 832, and Honda with 682 units.
