Electric vehicles (EVs) have become all the rage these days, and it’s not difficult to see why.
For one, it’s way more economical and quiet when you drive. Coupled with the fact that Singapore currently offers up to $45,000 in subsidies for EV buyers as an attempt to incentivise more people to go green, it is no wonder that people are buying more EVs.
According to the Land Transport Authority’s (LTA) data released on Friday, new registrations of Tesla cars increased by 89% to 314 last month versus August. And in just the first nine months of the year, 517 Tesla cars have been registered in Singapore, with 487 of the sales coming from the third quarter of the year.
This is more than a tenfold increase since the first half of the year, where only 30 Tesla cars were purchased.
As Tesla fans continue to support the company by purchasing its cars, Tesla has now become Singapore’s 6th bestselling car brand in September.
It did so well that it outsold car brands like Nissan, Audi, and Kia.
Tesla’s Model 3 is also Singapore’s top-selling sedan for the first time in September.
Additionally, Tesla has become the best-selling EV brand in Singapore just two months after it entered the market.
Tesla Model 3
Singapore currently only offers one Tesla model – the Tesla Model 3. This is also Tesla’s most affordable model.
There are two versions that consumers can choose from, the Model 3 (Standard Range Plus) and Model 3 (Performance).
If you’re looking to buy the basic Tesla Model 3 model, it will set you back between $160,000 to $200,000. Do note that this price is not inclusive of any add-ons.
Sales for the Tesla Model 3 started in Singapore in February of this year when the US company opened a web portal in Singapore for the public to register their interest.
Consumers who are interested to purchase a Tesla will see on its website that it will take about four to 12 weeks before they can get their cars.
Singapore’s Bid To Go Green
According to the Singapore Budget 2020, Singapore is looking to phase out fossil fuel-powered vehicles by 2040 as an attempt to reduce emissions and strive towards a greener Singapore. And from 2025 onwards, diesel cars or taxis will no longer be allowed to be registered.
As part of its efforts to encourage more people to drive EVs, Singapore aims to install 60,000 charging points at public carparks and private premises by 2030.
As of the end of September, there are 2,243 EVs on the roads of Singapore. This is 84% more than the number at the end of last year.
With Tesla entering more and more partnerships with companies like Hertz and Uber, we can only imagine the amount of market share they will progressively come to occupy in Singapore in the near future.
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Featured Image: JL IMAGES / Shutterstock.com
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