![Nearly 12% of new cars sold in Singapore in 2022 is an EV, Tesla and BYD lead 01]()
According to the latest data from Singapore’s Land Transport Authority (LTA), 3,634 new electric vehicles (EVs) were registered in the country in 2022. This accounted for 11.7% of all cars registered in the city island nation that year (30,939 units).
![Nearly 12% of new cars sold in Singapore in 2022 is an EV, Tesla and BYD lead 02]()
It’s a huge leap in numbers compared to 2021 when 1,740 units were registered or a mere 3.8% of total registrations. Leading the Singapore EV sales in 2022 is Tesla which continues to hold on to its crown as the best-selling EV brand in the country with 875 units sold.
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![Nearly 12% of new cars sold in Singapore in 2022 is an EV, Tesla and BYD lead 01]()
However, its sales figures in 2022 were lower than in 2021 when it sold 924 units and so is its hold in the EV market share from 53.1% in 2021 to 24.08% in 2022.
Also read: Thailand and Indonesia EV sales boomed in 2022, and Chinese and Korean brands are winning
![Nearly 12% of new cars sold in Singapore in 2022 is an EV, Tesla and BYD lead 02]()
The second best-selling EV brand in Singapore is also one of the biggest gainers. Chinese EV giant, BYD sold 786 units in 2022 which is a whopping jump from just 89 units a year earlier.
Also read: 1 month since launch, 500 units of BYD Atto 3 are on their way to Malaysia
![Nearly 12% of new cars sold in Singapore in 2022 is an EV, Tesla and BYD lead 03]()
BYD has the revised certificate of entitlement (COE) regulations to thank for its sales boost. To encourage more Singaporeans to adopt mass-market EVs, from May 2022, EVs with up to 110 kW of power are categorised under Category A which is entitled to vehicles with smaller engine output and offers a lower premium.
![Nearly 12% of new cars sold in Singapore in 2022 is an EV, Tesla and BYD lead 04]()
Previously, the threshold was capped at 97 kW (~132 PS) but owning a car in Singapore is still an expensive purchase. A piece of COE paper can cost up to SGD 86,000 (~RM 278k) for Category A cars (less than 1,600 cc/110 kW) or SGD 105,000 (~RM 340k) for Category B cars (above 1,600 cc/110 kW).
![Nearly 12% of new cars sold in Singapore in 2022 is an EV, Tesla and BYD lead 05]()
EVs like the BYD e6 benefitted the most from this newly revised COE when previously it was categorised as a Category B car. The electric MPV is priced from SGD 157,888 (~RM 510k) including COE.
Also read: BYD e6 to be Malaysia's first EV MPV; CBU, up to 522 km range, priced from RM 160k
![Nearly 12% of new cars sold in Singapore in 2022 is an EV, Tesla and BYD lead 06]()
Following both Tesla and BYD, the third best-selling EV brand in Singapore is BMW which saw 492 units sold in 2022. Its arch-rival, Mercedes-Benz is at number four with 327 units but the three-pointed star is Singapore’s best-selling car brand overall in 2022 which is a historic first for the brand.
Also read: Only in Singapore, Mercedes-Benz outsold Toyota for the first time in history
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