Singapore EV Rebates 2025: Save Up to $45,000 on Electric Vehicles

Singapore EV Rebates 2025: Singapore’s push towards electric mobility is stronger than ever in 2025. With global trends accelerating towards sustainability, Singapore has refined and extended several generous electric vehicle (EV) incentives to encourage more citizens to make the switch.

If you’re considering buying an EV this year, you could save up to $45,000 through government rebate schemes — but the window of opportunity is closing fast. Here’s an updated and complete guide to Singapore’s EV rebates as of May 2025, including eligibility requirements, savings breakdown, and key tips to maximize your benefits.

Singapore EV Rebates 2025: Why the Rebates Matter

Singapore’s Green Plan 2030 outlines an ambitious goal: phasing out internal combustion engine vehicles by 2040. To achieve this, the government is investing heavily in EV charging infrastructure, tax incentives, and rebate programs.

The EV Early Adoption Incentive (EEAI) and the Vehicular Emissions Scheme (VES) remain the backbone of these efforts in 2025. Updated policies ensure that first-time EV buyers and upgraders alike can access significant savings.

Overview of Singapore EV Rebates 2025

There are three primary rebate streams available for EV buyers in Singapore this year:

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Early Adoption Incentive (EEAI): Up to $15,000 in savings

Introduced in 2021, the Early Adoption Incentive has been extended until December 31, 2025. For qualified EVs, it provides a rebate of up to $15,000 on the Additional Registration Fee (ARF).

important Points:

• Eligibility: Only fully electric vehicles qualify — hybrids and plug-in hybrids (PHEVs) are excluded.
• Automatic Application: Buyers do not need to apply separately. At the time of vehicle registration, the rebate is factored into the ARF.
• Deadline: Your EV must be registered by 31 December 2025 to enjoy this benefit.

Pro Tip: Before making a purchase, make sure the EV model is eligible under the EEAI by checking with your dealership.

$25,000 in savings with the Vehicular Emissions Scheme (VES).

The Vehicular Emissions Scheme rewards vehicles based on their emissions of five pollutants, including carbon dioxide (CO₂) and particulate matter (PM2.5).

Electric vehicles typically fall into the A1 or A2 bands, qualifying for the highest rebate tiers:

Important Updates for Singapore EV Rebates 2025

• The VES was updated in January 2025 to introduce stricter emissions criteria.
• New EV models are being regularly assessed by the Land Transport Authority (LTA) and the National Environment Agency (NEA).
• Some high-performance EVs with powerful motors might not fully qualify if their emissions (particularly particulate matter from tires and brakes) exceed A2 limits.

Pro Tip: Check the LTA’s updated VES band listings before selecting a model to ensure you maximize your rebate.

Combining EEAI and VES Rebates – Total Savings of Up to $45,000

Yes, you can stack the EEAI and VES rebates! If you purchase a qualifying EV that is both:

• Fully electric (EEAI eligible)
• VES Band A1 or A2 certified

This combined discount is applied directly to the ARF, making EVs considerably more affordable than their sticker prices suggest.

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Other Financial Benefits for Singapore EV Rebates 2025

In addition to rebates, owning an electric vehicle in Singapore has other benefits and savings.

a) Lower Road Tax

In order to encourage electric vehicles, Singapore changed its road tax system. EVs with smaller motors (typically under 90kW) now enjoy significantly lower annual taxes compared to combustion engine cars.

b) ARF Floor Waiver

• The $5,000 minimum ARF floor can be waived for qualified EVs, resulting in even larger upfront savings.

c) Reduced Operating Costs

• Fuel savings: Compared to fueling a car with gasoline or diesel, charging an EV is still far less expensive.
• Savings on maintenance: Because EVs have fewer moving parts, they require less maintenance over time.

d) Preferential Parking and Charging Initiatives

• HDB estates now feature dedicated EV parking lots with charging stations.
• Public car parks across Singapore increasingly offer discounted EV parking rates.

Step to Qualify for Singapore EV Rebates 2025

Step 1: Select a fully electric vehicle that qualifies for the EEAI.

Step 2: Verify that your chosen model falls into VES Band A1 or A2.

Step 3: Purchase and register the EV before 31 December 2025.

Step 4: Confirm with your dealer that the rebate has been factored into your ARF at registration.

Step 5: Stay updated with LTA and NEA announcements, as minor scheme adjustments can occur throughout the year.

Latest EV Models Eligible for Singapore EV Rebates 2025

Several new EV models certified for VES Band A1 and eligible for EEAI rebates have launched in Singapore this year, including:

• Tesla Model 3 Highland (2025 Edition)
• BYD Seal Premium
• Hyundai Ioniq 6
• Kia EV9
• Polestar 4
• Mercedes-Benz EQA 300

Manufacturers are actively adapting new models to meet Singapore’s stringent emission criteria, giving buyers more options than ever before.

Challenges and Limitations to Be Aware Of

While the EV rebate schemes are highly attractive, there are still some challenges:

Limited Selection

• Singapore’s compact market size means fewer EV models are available compared to Europe or the U.S.

High Performance EVs

• Luxury or performance EVs with higher emissions from power output or brake particulates might not fully qualify for VES Band A1.

Upfront Costs

• EVs are still more expensive than conventional cars, even with rebates. Buyers must factor this into budgeting.

Deadline Pressure

• The EEAI expires on 31 December 2025. Unless extended, buyers after this deadline may lose out on the $15,000 rebate.

FAQS: Singapore EV Rebates 2025