In Singapore, ****** new electric cars were registered in 2024. Since 2022, when ***** electric cars were registered in Singapore, the number of new electric car registrations has nearly quadrupled.

The Singapore Electric Vehicle Market Report is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), Drive Train Technology (Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicles (PHEV), and More), Battery Capacity (Up To 50 KWh and More), and End User (Private Individual Owners, Commercial Fleet Operators, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

21 Global export shipment records of Electric Car with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Singapore aims to transform into a green and sustainable city by 2030. One of the key actions is to phase out Internal Combustion Engine (ICE) vehicles and significantly expand electric vehicle (EV) adoption. An EV is powered by electricity generated from natural gas and renewables, so the average carbon emission is only half of an ICE vehicle powered by petrol and diesel. By 2030, Singapore will cease the new registration for ICE cars, and eventually, all vehicles will run on clean energy by 2040. With the massive expansion of EVs in the foreseeable future, EV charger installation shall also match the trend and there will be at least 60,000 EV chargers deployed by 2030, roughly five EVs per charger. The action is ambitious indeed, and the EV and charger network system is expected to be enormous soon.The rapid expansion of the system comes with the requirements of advanced management and operation. However, EV chargers nowadays cannot well satisfy the requirements. The key issue is that EV chargers are not smart. Largely due to the cost consideration, an EV charger is more of an electricity transforming and delivery unit instead of a computation-driven intelligent module, and computational resource is often missing or minimal in existing chargers. Besides computing resources, EV chargers also lack sufficient capability for connectivity, where data transmission is mostly cable-based for wired transmission and only relatively advanced chargers support wireless connectivity like 4G and Wi-Fi. Lack of intelligence with data scarcity might be acceptable for early-stage small-scale deployment. But for a large-scale system, potential consequences can be poor management, inferior scheduling, economic loss, weekend reliability, and so on.In this project, we propose to empower the EV chargers with 5G capabilities for connectivity and computing and bring smartness and intelligence into them. 5G is fast, so the high-resolution EV charger data can be accessed in real-time with minimal delay. 5G supports high concurrency, so a large number of EV chargers can utilize the connectivity without being forced to be sequential to avoid conflict and long delay. 5G has great bandwidth, so abundant information from EV chargers and the associated facilities like battery energy storage systems (BESS) and solar panels can be transmitted. 5G is also ultra-reliable with low latency which makes 5G suitable for mission critical functionalities and time-sensitive control. Overall, 5G connectivity addresses the key challenge of data scarcity in current chargers and facilitates data-driven system monitoring and intelligent management. Besides providing connectivity, 5G is also featured with edge computing capability with edge servers integrated into 5G networks. So, the data can be processed and analyzed in edge servers, where the computing resource enables insights and knowledge extraction from the data to realize intelligent EV charging management. To achieve the overall goal of the 5G-powered intelligent EV charging system, we have the following key objectives for our research.• To design and develop 5G-based data processing and analytics systems and interfaces for data acquisition, transmission, storage, management, and analytics.• To design and develop data-driven algorithms for accurate and reliable charging supplydemand forecasting and cost-optimal scheduling with large-volume and high-resolution data.• To implement a prototype and demonstrate the system effectiveness utilizing the facilities from SIT’s Future Communications Translation Lab (FCTLab) and our EV sector industry partner. Upon successful demonstration, our industry partner plans to commercialize the solutions and deploy them in the company’s EV charging system for widespread adoption.Our research tackles the urgent challenges of lacking connectivity, hence data-driven intelligence in the current industry of EV charging management. We leverage the 5G capabilities of connectivity and computation to promote data availability and analytics. We believe our research is promising with strong support from both academia and industry. The research has a significant impact on upgrading the EV or mobility industry with great potential for economic and sustainability.1. Source of Weather Dataset: https://www.visualcrossing.com/2. Source of PV Dataset: https://purl.stanford.edu/fb002mq94073. Source of Price Dataset: https://www.nems.emcsg.com/nems-prices4. Source of EV Charging Demand Dataset:https://dataverse.harvard.edu/dataset.xhtml?persistentId=doi:10.7910/DVN/NFPQLW5. Source of EV Charging Demand Dataset: https://data.cityofpaloalto.org/dataviews/257812/electric-vehiclecharging-station-usage-july-2011-dec-2020/

Comprehensive dataset containing 24 verified Electric vehicle charging station contractor businesses in Singapore with complete contact information, ratings, reviews, and location data.

According to a survey conducted in Singapore during October 2021, ** percent of respondents indicated that they were quite supportive of Singapore's transition towards a greater electric vehicle adoption. Among the car population in Singapore in 2021, there were only ***** electric vehicles registered in Singapore, out of a total of ******* cars.

The Singapore electric vehicle market size reached approximately USD 193.70 Million in 2024. The market is assessed to grow at a CAGR of 20.30% between 2025 and 2034, reaching a value of around USD 1229.66 Million by 2034.

Significant fluctuations are estimated for all segments over the forecast period for the number of vehicle sales. Only for the segment Battery Electric Vehicles, a significant increase can be observed over the forecast period. Here, the number of vehicle sales exhibits a difference of **** thousand vehicles between 2018 and 2029. Find further statistics on other topics such as a comparison of the number of vehicle sales in the United Kingdom and a comparison of the electric vehicles revenue in Singapore.The Statista Market Insights cover a broad range of additional markets.

474 Global import shipment records of Electric Car with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

5 Active Global Electric Vehicle buyers list and Global Electric Vehicle importers directory compiled from actual Global import shipments of Electric Vehicle.

Snapshot img

Singapore Automotive Market Size 2023-2027

The singapore automotive market size is forecast to increase by 22972.00 units, at a CAGR of 6.08% between 2022 and 2027.

The market is witnessing significant growth, driven by the increasing demand for fuel-efficient and low-emission vehicles. This trend aligns with the Singaporean government's commitment to reducing carbon emissions and promoting sustainable transportation. Moreover, technological advances in Electric Vehicles (EVs) are gaining traction, offering consumers a more eco-friendly and cost-effective alternative to traditional combustion engine vehicles. However, the market faces a notable challenge: the insufficient charging infrastructure. Despite the growing popularity of EVs, the limited availability of charging stations poses a significant barrier to widespread adoption. Companies seeking to capitalize on this market opportunity must address this challenge by investing in the development of robust charging infrastructure. Additionally, collaborating with the government and industry partners to expand charging station networks and promote EV adoption can help businesses navigate this obstacle and establish a strong market presence. Overall, the market presents a strategic landscape ripe with opportunities for companies that can effectively address the challenges and meet the evolving needs of consumers.

What will be the size of the Singapore Automotive Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2017-2021 and forecasts 2023-2027 - in the full report.
Request Free Sample

In the dynamic Singapore automotive market, innovation drives growth as automakers integrate advanced technologies. Automotive paint hues transform with AI-driven color selection, while driver monitoring systems ensure road safety. Parking assist and climate control systems enhance user experience. Big data analytics optimizes engine performance through fuel injector and engine oil analysis. Emergency braking and lane keeping assist systems employ AI for proactive safety measures. Hydrogen fuel cells and alternative fuels, including fuel cell technology and electric motors, reduce carbon emissions. Adaptive cruise control and blind spot monitoring ensure seamless driving experiences. Vehicle-to-grid (V2G) technology and solid-state batteries power the future of sustainable transportation. 3D printing revolutionizes vehicle upholstery production, while lithium-ion batteries and battery cells fuel the rise of electric vehicles. Over-the-air (OTA) updates and power electronics enable real-time vehicle optimization. Traffic sign recognition and digital cockpits offer enhanced connectivity, while audio systems and navigation apps provide personalized in-car entertainment. Head-up displays (HUDs) and smartphone integration keep drivers informed and engaged. Manufacturing automation streamlines production processes, from catalytic converters to power inverters. The Singapore automotive market continues to evolve, embracing the future of transportation.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD units' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments. TypeHatchbackSedanSUVMPVGeographyAPACSingapore

By Type Insights

The hatchback segment is estimated to witness significant growth during the forecast period.

In Singapore's automotive market, hatchbacks are a preferred choice due to their compact size, fuel efficiency, and practicality, making them ideal for city driving. The hatchback segment is highly competitive, with a blend of established global brands and local players vying for market share. Leading automakers offer a diverse range of hatchback models, prioritizing fuel efficiency, performance, and affordability. Environmental consciousness is shaping the hatchback segment in Singapore, with government regulations and consumer preferences driving the shift towards eco-friendly vehicles. As a response, automakers are introducing hybrid and electric hatchback models, offering reduced emissions and lower operating costs compared to traditional Internal Combustion Engine (ICE) vehicles. Autonomous driving technology is also gaining traction in the market, with autonomous taxis and driverless cars becoming increasingly common. Transmission systems are evolving, with a focus on fuel efficiency and smooth operation for both ICE and electric vehicles (EVs). Navigation systems and infotainment systems are becoming more advanced, offering real-time traffic updates, voice commands, and connectivity features. The use of lightweight materials, such as aluminum alloys and carbon fiber, is on the rise in vehicle manufacturing, contributing to improved vehicle performance and reduced fuel consumption. The market is al

The South Asia battery market, encompassing countries like Singapore, Thailand, Indonesia, and the Rest of South Asia, is experiencing robust growth, driven primarily by the burgeoning electric vehicle (EV) sector, expanding data center infrastructure, and increasing demand for renewable energy storage solutions. The market's Compound Annual Growth Rate (CAGR) exceeding 10.20% indicates significant potential for expansion over the forecast period (2025-2033). Lead-acid batteries currently hold a substantial market share, particularly in the automotive sector (for traditional vehicles), but the rapid adoption of electric vehicles and energy storage systems is fueling a strong shift towards lithium-ion batteries. This transition is further accelerated by government initiatives promoting renewable energy and sustainable transportation across the region. While the market faces challenges like high initial investment costs for lithium-ion batteries and potential supply chain disruptions, the overall outlook remains optimistic. The diverse end-user segments—automotive, data centers, telecommunications, and energy storage—provide a diversified revenue stream, minimizing risk and fostering steady growth. Significant growth opportunities exist in the Rest of South Asia, driven by increasing industrialization and urbanization. The competitive landscape features both global giants like BYD, LG Chem, and Panasonic, as well as regional players, indicating a healthy mix of established brands and local expertise. Future growth will likely be shaped by technological advancements, evolving government regulations, and consumer preferences towards more sustainable energy solutions. The market size in 2025 is estimated at $XX million (replace XX with a reasonable estimate based on market size and CAGR). Considering the CAGR of >10.20%, a conservative projection for the next few years would show a steadily increasing market size. While precise regional breakdowns for Singapore, Thailand, and Indonesia are absent, industry trends suggest that Singapore and Thailand, with their more developed economies and infrastructure, would likely command a larger share of the market compared to Indonesia and the Rest of South Asia. However, the latter is expected to witness the highest growth rate due to its rapidly expanding infrastructure and industrial base, thus making it a key area for future investment and market expansion. This projected growth is further supported by the increasing adoption of renewable energy sources, particularly solar and wind, which drive the demand for battery storage solutions. Recent developments include: Jul 2022: Ola Electric, Reliance New Energy, and Rajesh Export all signed agreements for USD 2,187.7 million as part of the Center's Production Linked Incentive (PLI) program. The three businesses, which have been chosen as part of the PLI program of the Center, are anticipated to produce 95 GWh of batteries. Within two years, they will need to put up a manufacturing facility., Nov 2022: A research partnership between Livent Corporation and Nanyang Technological University in Singapore was launched with the goal of advancing lithium battery technologies that are eco-friendly.. Notable trends are: Data Centers Segment to Dominate the Market.

Statistics illustrates consumption, production, prices, and trade of Vehicles; with both compression-ignition internal combustion piston engine (diesel/semi-diesel) and electric motors for propulsion, of a g.v.w. exceeding 20,000kg in Singapore from Jan 2019 to Oct 2025.

Discover the booming Singapore car rental market! Projected to reach $316.1 million by 2033 with a 9.84% CAGR, this report analyzes market size, trends (online bookings, premium vehicles), and key players. Learn about growth drivers and challenges in this competitive landscape. Recent developments include: In March 2022, Tribecar, a Singapore-based car-sharing platform announced that it has acquired a local auto firm, Car Club. The joint venture will provide both Tribecar and Car Club members with access to a fleet of over 1,400 vehicles, In January 2022, Cycle & Carriage (C&C) Singapore opened its new online car rental site, which is run by the leasing division of the car distributor. MyCarriage is the name of the new platform, according to the company, which enables clients to browse the variety of vehicles that are available in real-time and choose the specific model they want to hire, even down to the precise make, model, and color., In October 2021, Singapore-based electric car rental company BlueSG announced that its cars are rented out about 100,000 times a month with 4,000 subscriptions added in the same time period,. Key drivers for this market are: Rise in Tourism Across Activities the Country. Potential restraints include: Hike In Fuel Prices To Restrict The Market Growth. Notable trends are: Rising Car Prices is Boosting the Market Growth.

The Car Rentals Market in Singapore Report is Segmented by Vehicle Type (Economy, Premium, and More), Booking Channel (Online and Offline), Rental Duration (Short-Term and Long-Term), Application (Tourism and General Commuting), Powertrain Type (ICE, Hybrid, and Electric Vehicle ), and End-User (Individual and Corporate). Market Forecasts are Provided in Terms of Value (USD).

Based on a 2024 consumer survey on mobility, ** percent of prospective car buyers in Singapore stated that enhanced performance over internal combustion engine (ICE) vehicles was the main driver behind their interest in electric vehicles. In comparison, ** percent identified environmental concerns as their primary motivation for buying an electric vehicle.

According to the survey conducted by Rakuten Insight in January 2024, ***** was the most known electric car brand in Hong Kong, Malaysia, the Philippines, Singapore, Thailand, and Taiwan. In comparison, ****************** were the most popular electric car brands in Japan and South Korea, respectively.

Other-Current-Liabilities Time Series for SINGAPORE TECH ENGINEERING LTD. Singapore Technologies Engineering Ltd operates as a technology, defence, and engineering company worldwide. The company provides cabin interiors and engineering solutions; turnkey solutions for composite panels; passenger-to-freighter conversion services; nacelles and aerostructures solutions; precision manufacturing services; unmanned aircraft system solutions; maintenance, repair, and overhaul (MRO) services for airframes, engines, and components; and aviation asset management services, including aircraft and engine leasing. It also offers integrated transport operations center; smart mobility solutions, including smart metro systems, smart rail MRO solutions, commercial and electric vehicles, fleet management systems, smart traffic systems, tolling and congestion pricing solutions, and mobility services, as well as AGIL Bus Rapid Transit, a future-ready mobility system that offers both rail and bus systems; smart security, lighting, water, and sensors; digital platforms; network and fiber infrastructure; AGIL Smart Energy Building solutions; and urban environment and satellite solutions. In addition, the company provides defense and security solutions for air, land, and sea; smart facilities; training and simulation systems; logistics and facilities management, advanced manufacturing, and critical infrastructure solutions; homeland security; maritime systems; cybersecurity, data science, analytics, and AI solutions; cloud and data orchestration services; digital healthcare services; advanced connectivity solutions; and business process outsourcing services. Further, it designs and delivers robust command, control, communications, computers, cybersecurity, intelligence, surveillance, and reconnaissance solutions; and Wing-in-Ground craft solutions. The company was founded in 1967 and is headquartered in Singapore.

Income-Before-Tax Time Series for SINGAPORE TECH ENGINEERING LTD. Singapore Technologies Engineering Ltd operates as a technology, defence, and engineering company worldwide. The company provides cabin interiors and engineering solutions; turnkey solutions for composite panels; passenger-to-freighter conversion services; nacelles and aerostructures solutions; precision manufacturing services; unmanned aircraft system solutions; maintenance, repair, and overhaul (MRO) services for airframes, engines, and components; and aviation asset management services, including aircraft and engine leasing. It also offers integrated transport operations center; smart mobility solutions, including smart metro systems, smart rail MRO solutions, commercial and electric vehicles, fleet management systems, smart traffic systems, tolling and congestion pricing solutions, and mobility services, as well as AGIL Bus Rapid Transit, a future-ready mobility system that offers both rail and bus systems; smart security, lighting, water, and sensors; digital platforms; network and fiber infrastructure; AGIL Smart Energy Building solutions; and urban environment and satellite solutions. In addition, the company provides defense and security solutions for air, land, and sea; smart facilities; training and simulation systems; logistics and facilities management, advanced manufacturing, and critical infrastructure solutions; homeland security; maritime systems; cybersecurity, data science, analytics, and AI solutions; cloud and data orchestration services; digital healthcare services; advanced connectivity solutions; and business process outsourcing services. Further, it designs and delivers robust command, control, communications, computers, cybersecurity, intelligence, surveillance, and reconnaissance solutions; and Wing-in-Ground craft solutions. The company was founded in 1967 and is headquartered in Singapore.

Total-Long-Term-Assets Time Series for Delta Electronics (Thailand) Public Company Limited. Delta Electronics (Thailand) Public Company Limited, together with its subsidiaries, researches and develops, manufactures, and distributes electronic products. It operates through four segments: Power Electronics, Mobility, Infrastructure, and Automation. It offers inductors, RF inductors, transformers, networking products, EMI filters, solenoids, current sensing resistors, and power modules; power and system products, such as USB socket outlets, medical power, industrial power supplies, industrial battery charging, high voltage power, embedded power, and adapters; DC brushless fans and blowers, motors, thermal management products, cabinet thermal solutions, and indoor air quality and automotive fans; EV powertrain systems; and display and visualization, mobile power, industrial power, and medical power products, as well as healthcare devices. The company also provides building automation products comprising building management and control system, LED lighting, smart surveillance, indoor air quality, healthy lighting, and building energy management system products; industrial automation products; data center, telecom power systems, networking systems, and UPS and datacenter infrastructure solutions; EV charging and energy storage systems, renewable energy, industrial battery charging, healthcare devices, industrial equipment, energy IoT, and display and visualization products; and visual display and smart education solutions. In addition, it offers industrial and building automation, data center, telecom energy, smart energy, displays and monitoring, and EV charging solutions. Further, the company rents properties; and manufactures and trades electric vehicle. It operates in Thailand, the United States, Germany, Singapore, China, India, Taiwan, the Netherlands, Mexico, Slovakia, and internationally. The company was incorporated in 1988 and is based in Samut Prakan, Thailand.