Why Owning An Electric Vehicle In Singapore Will Save You Money
In this article we will be covering three key points on how owning an electric car in Singapore will save you money. Whether you’re a current owner of an electric car or are considering on making the switch to one, you will want to know how you can save those precious dollars.
Drive a Tesla Model Y in style while stacking up those savings.
Take Advantage Of Government Incentives
The Singapore Government has attractive incentives for electric car owners. This includes the EV Early Adoption Incentive, which offers a 45% reduction on your registration fees, capped at $20,000 till December 2023 as stated by the Ministry of Transport. We can also find increased rebates of $5000 for electric car owners with the Enhanced Vehicular Scheme (VES). If that wasn’t exciting enough, we are also seeing a 34% tax reduction for electric cars with a 90-230 kW power rating.
Charge up your electric car at a wide range of charging station in Singapore.
Save on Fuel Costs
With gas prices rising, going electric is a very viable option for you savvy Singaporeans out there. You can enjoy the various benefits offered by power companies such as Charge+. They are offering special benefits for those who own a Tesla electric car in Singapore.
Owners of Tesla cars enjoy benefits with Charge+ such as:
6 months of charging credits at Charge+ charging stations islandwide.
An additional 12 months of charging credits for those who stay at a condo that selects Charge+ as its EV charger provider.
Free home charger for those who stay at a landed property.
Check out the benefits at chargeplus.com
Say goodbye to costly refills at the gas station.
Enjoy Cheaper Maintenance Costs
As an EV has fewer moving parts compared to an internal combustion engine vehicle (ICEV), they are less likely to experience mechanical issues. This means less visits to the mechanic and less servicing fees. The number of public EV charging stations in Singapore is also increasing, so you should be able to locate one close to you for a convenient recharge.
Say goodbye to regular trips to the mechanic and say hello to a greener and brighter Singapore!
Being an EV owner in Singapore is definitely a money-saving move due to the attractive government incentives, affordable charging options islandwide as well as the lower maintenance costs that come with owning an electric car.