Rebate cuts won’t hurt Singapore’s momentum as South-east Asia’s top EV market in 2026

[SINGAPORE] The Republic’s electric vehicle (EV) adoption rate should continue to grow in 2026 despite a cut in incentives for passenger EVs, say industry observers.

Passenger EV sales will be driven by cost-effective China models and increased competition among such brands, and supported by a growing charging network and higher surcharges on petrol-driven cars.

In the commercial sector, take-up should also be boosted by new incentives of up to S$40,000 for electric heavy vehicles (EHVs).