Singapore EVs Surpass Combustion Cars in Q1 2026: Record 57.6% Market Share Milestone

Electric vehicles (EVs) have overtaken internal combustion engine cars in Singapore for the first time during the first quarter of 2026.

Out of 13,322 new cars registered, EVs accounted for 7,679 units, securing a dominant 57.6% market share.

Historical Surge in EV Adoption

This achievement follows a sharp rise from 45% EV market share in 2025.

Earlier figures show 18.1% in 2023, 11.7% in 2022, and just 3.8% in 2021, highlighting rapid growth.

Government incentives provide up to S$30,000 in rebates on upfront taxes for EV buyers.

High-emission vehicles face penalties up to S$35,000, making EVs more affordable under the COE system.

BYD led with 3,239 registrations, capturing 24.3% of the market.

Tesla registered 1,515 units for 11.4%, while Toyota had 1,932 vehicles.

Chinese brands like Chery, GAC, and MG Motor entered the top 10, displacing traditional rivals.

This EV boom reduces emissions and positions Singapore as a green mobility leader in Asia.

With expanding charging infrastructure, EVs are projected to exceed 70% market share by 2027.

Written by

Journalist at BEAMSTART. I write about breaking business news in the region.

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