According to the latest statistics from Singapore’s Land Transport Authority, the monthly new registration of electric vehicles (EV) has reached 28 per cent, 4 per cent higher than petrol vehicles in Singapore for the first time.
This follows the surge in EV registrations in Singapore last year, with a 50.3 per cent year-on-year increase in 2023 compared to 2022.
According to statistics by the Singapore Land Transport Authority, Chinese carmaker BYD remains at the forefront of EV manufacturers, with 262 vehicles registered and making up approximately 11.7 per cent of new vehicle registrations in Singapore.
BYD showroom in Singapore/ Image Credit: CarBuyer Singapore
In recent years, the city-state has seen a surge in EV manufacturing following the Singapore government’s aim to achieve net zero emissions by 2050. The announcement called for established industries, such as in this case – transport, to become more active in converting to greener sources, which they aim for every HDB town to be EV-ready by 2025.
As a result, over 2,400 EV chargers have been installed at more than 700 HDB carparks, and the first batch of public fast chargers was launched at the HDB Hub in Toa Payoh earlier last month (January 18).
Many transport companies and manufacturers have also entered partnerships and built new factories to accelerate the conversion and adoption of EVs nationwide.
Most recently, South Korean automotive giant Hyundai Motor Group has opened their innovation centre in Singapore, where they integrate robotic technology into the manufacturing process and can produce up to 30,000 EVs annually.
ComfortDelGro (CDG) ENGIE – a joint venture with Singaporean mainstay transport company ComfortDelGro and ENGIE Southeast Asia, also entered a partnership with Malaysia’s Yinson GreenTech to offer a combined EV charging network of 8,000 points in both countries by 2030.
With more organisations coming forward with their innovative green solutions and are actively looking for sustainable energy sources, it has accelerated the overall adoption for EVs in Singapore, signifying the collective effort of the nation of working towards the net zero goal.
Featured Image Credit: CarBuyer Singapore
