Last updated: March 2024
Key Takeaways:
- Cost details for purchasing a Tesla Model 3 in Singapore.
- Breakdown of taxes, rebates, and additional expenses.
- Insights into the long-term financial implications of owning an electric vehicle.
Owning a Tesla Model 3 in Singapore is a statement of luxury and sustainability, but it comes with a significant price tag. This article breaks down the total cost, from the showroom to the streets, factoring in government taxes, rebates, and running expenses. It provides potential buyers with a comprehensive cost analysis, ensuring they make an informed decision.
What is the total cost of buying and owning a Tesla Model 3 in Singapore?
The total cost to buy and maintain a Tesla Model 3 in Singapore includes the purchase price, Certificate of Entitlement (COE), Additional Registration Fee (ARF), road taxes, and potential rebates. Understanding these costs is crucial for any prospective electric vehicle owner in the city-state.
Is Tesla in Singapore?
Is Tesla car available in Singapore? - Tesla Car Price Singapore
The Model Y, Tesla's midsize SUV, has been formally launched in Singapore.
Prices start at S$142,471 excluding Certificate of Entitlement (COE), with deliveries beginning in August 2022.
The standard rear-wheel drive (RWD) model costs roughly S$255k, while the Performance variant costs S$298,000.
Both vehicles achieved an A1 VES grade; thus, the automobiles were showcased at Ion Orchard's Level 1 Atrium during July 2022, encouraging many Singaporeans to purchase their first Tesla automobile.
Related: Latest Used Car Prices in Singapore
Is Tesla popular in Singapore?
Tesla registrations in the country fell from 314 units in September 2022 to just 26 units in October 2022, a reduction of 288 units, or 91.7%.
The following month, though, it got 252 registrations, a 103 percent rise. According to industry analysts, it might be due to the way Tesla manages COEs.
Still, Tesla is one of the most well-known brands in the world, but it is not without controversy.
Despite the chip scarcity, the company just achieved a record third quarter, with CEO Elon Musk calling it a "short-term challenge" - yet even Tesla has had to deal by sending cars without USB connections.
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What's the point of buying a Tesla in Singapore?
There are several reasons why someone might choose to buy a Tesla in Singapore:
- Environmental benefits: Tesla vehicles are electric, which means they produce zero emissions and can help to reduce air pollution and greenhouse gas emissions. This can be particularly important in a densely populated city like Singapore, where air quality can be a concern.
- Cost savings: Electric vehicles are generally cheaper to operate and maintain than traditional gasoline-powered vehicles. Tesla vehicles can be charged at home (with a mid-range EV home charger ranges between $1,000 to $2500) or at public charging stations, which can be cheaper than filling up a gas tank. In addition, Tesla vehicles require less maintenance than traditional vehicles, as they have fewer moving parts and do not require oil changes.
- Performance: Tesla vehicles are known for their high performance and acceleration. They are also equipped with advanced technology and safety features, such as Autopilot, which can make driving safer and more convenient.
- Government incentives: The Singapore government offers several incentives for electric vehicle owners, including tax breaks, rebates, and reduced road tax. These incentives can help to offset the cost of purchasing a Tesla and make electric vehicles more affordable for Singaporeans.
Overall, buying a Tesla in Singapore can offer several benefits, including environmental benefits, cost savings, high performance, and government incentives. However, it's important to consider factors such as charging infrastructure, range, and personal driving habits when deciding whether a Tesla is the right choice for you.
How much is Tesla S in Singapore?
The Tesla Model S, the company's quickest four-wheel drive and best-selling plug-in electric vehicle globally in 2015 and 2016, demonstrates its mastery in cutting-edge technology.
Improved aerodynamics and a wider chassis provide more responsive performance, enabling you to handle turns more quickly and with more assurance. The Model S is designed for speed, endurance, and range.
In keeping with this, the most recent Tesla S price list in Singapore is quickly categorized down here:
| Variant | Price |
|---|---|
| Long Range | $106,190 |
| Tri-motor Plaid | $137,190 |
The price of the Tesla Model S Long Range has increased to $106,190 from $101,190.
The Model S Plaid, on the other hand, can reach 200 mph at its highest speed and accelerates from 0 to 60 mph in 2.1 seconds.
What is the price of Tesla Model 3 in Singapore?
New Tesla Model 3 Electric Price - Tesla Car Price Singapore
Along with the Tesla S, there is also the Tesla 3, which you might want to look into and add to your list.
On the other side, the Tesla Model 3 features a basic interior that feels airy and light, drives smoothly, has good battery technology that is more efficient than most rivals, and conversation is easy to strike up everywhere you go.
Here is a short summary of its most recent pricing list in Singapore that contains the submodel and other information you might as well need to know:
| Variant | Price |
|---|---|
| RWD 60 kWh (A) | $114,655 (w/o COE) |
| Performance AWD 78 kWh (A) | $164,398 (w/o COE) |
In Jan 2023, the Tesla Model 3 cost $79,990 ($80,340 after GST).
With a starting price of $99,990, the Long Range variant has a range of 547km according to the EPA.
All-wheel drive is a standard feature on the Long Range and Performance variants thanks to separate electric motors at each axle.
What is the cheapest Tesla?
The Tesla Model 3 costs $79,990, making it the least expensive Tesla currently available.
The Model 3 is an elegant electric car with a smooth ride; front passengers are comfortable because of its 47.2 inches of legroom, while rear passengers may feel a little crammed.
The Model 3 is the only Tesla that costs less than $80,000 and is available as the basic model in a lineup of four vehicles, so it may be a reasonable choice for some.
This Tesla could be the right choice for you if you want simplicity and a comfortable ride in an environmentally friendly packaging.
Why is Tesla expensive in Singapore?
Why Tesla is so expensive in Singapore? - Tesla Car Price Singapore
Tesla does not consider COE into its costs, in contrast to the majority of Singaporean automakers.
Instead, when the car is prepared for registration, it makes a bid for the COE on the buyer's behalf.
Singapore is then often the most costly place in the world to purchase a Tesla.
Additionally, the selling price of Tesla automobiles rises as a result of the Additional Registration Fee (ARF) that Singapore requires all vehicles to pay.
Is Tesla Cat A COE?
Electric vehicles (EVs) with a Maximum Power Output (MPO) of 110kW (about 148hp), as declared officially by the Land Transport Authority (LTA), will be granted Cat A COEs.
However, all Tesla vehicles that are registered for usage in Singapore must have a Category B COE if their MPO exceeds 110 kW.
Is there COE for electric cars in Singapore?
Engine size up to 1,600cc and/or power output below 97kW/130hpare the criteria for COE Category A, or also known as the mainstream category.
Vehicles that surpass those numbers are classified as Category B vehicles, which is thought of as the luxury or at the very least, non-mainstream COE category.
For more information regarding COE for electric vehicles in Singapore, see the table below:
| COE Category | Engine Capacity | MPO |
|---|---|---|
| Cat A | car with engine capacity up to 1,600cc | fully electric car with MPO up to 110kW (147bhp) |
| Cat B | car with engine capacity above 1,600cc | fully electric car with MPO above 110kW (147bhp) |
Is Tesla charging free in Singapore?
How much does it cost to charge a Tesla in Singapore? - Tesla Car Price Singapore
As of right now, it won't be free to charge your Tesla at one of Tesla's own Superchargers in Singapore.
Owners will now pay $0.48 per kilowatt-hour to use the Superchargers, in addition to any idle costs.
Here is a quick rundown of Singapore's charging stations and their price levels:
| Charging Station | Cost | Full charge (Tesla Model 3 60kWh) |
|---|---|---|
| Shell | $0.55/kWh | $33 |
| SP fast charging | $0.4746/kWh | $28.476 |
| SP normal charging | $0.4156/kWh | $24.936 |
| BlueSG | $1/hour & S$2/hour after initial 3 hours | $29.43 |
| Charge+ fast charging | $0.5283/kW | $31.698 |
| Charge+ | $0.4362/kW | $26.172 |
Why are electric cars so expensive in Singapore?
Are electric vehicles more expensive in Singapore? - Tesla Car Price Singapore
The world's environmental problems are said to be solved by electric automobiles.
There are several restrictions on range, charging time, and charger accessibility.
However, their costs must be one of the main obstacles.
Despite being far more economical than when they were initially introduced, electric automobiles continue to be significantly more expensive than their counterparts that use fossil fuels.
Having said that, here are some of the factors that affect the price of electric cars in Singapore:
Raw Material
This is primarily because they are constructed from basic elements that have undergone extensive processing, including cobalt, nickel, lithium, and manganese.
The cathode, which stores and releases a charge, is the most expensive of the several expensive parts that make up a battery cell.
Economies of scale
When compared to Internal Combustion Engine (ICE) automobiles, electric cars are still rather new.
There aren't as many electric vehicles being built, which contributes to its higher price point along with the fact that many automobile purchasers still view them as a curiosity.
The aforementioned elements are all connected to economies of scale.
Battery
Typically, an electric vehicle's battery costs little around $10,000 on average.
The Open Market Value (OMV) will provide a better impression of the price that a manufacturer had set for their vehicle because Singaporean automobile prices include taxes and other fees.
Development
Over the course of their more than 100-year existence, ICE and gearboxes have undergone a tremendous amount of evolution.
On the other hand, electric automobiles are significantly more recent and have suffered research expenditures very recently.
These expenses will need to be covered by the sale of electric vehicles, which will raise their price.
How long does a Tesla battery last?
The lifespan of a Tesla battery varies depending on several factors, including the model of the vehicle, the age of the battery, and the driving habits of the owner. However, Tesla batteries are designed to last for many years and are generally expected to have a lifespan of at least 10-15 years.
Tesla offers a warranty on its batteries, which varies depending on the model of the vehicle. The Model S and Model X have an 8-year, unlimited-mileage battery and drive unit warranty, while the Model 3 and Model Y have a 8-year or 120,000-mile battery and drive unit warranty.
In addition to the warranty, Tesla also offers battery degradation protection, which ensures that the battery retains a certain level of capacity over time. This protection varies depending on the model of the vehicle, but generally guarantees that the battery will retain at least 70-80% of its original capacity after a certain number of years or miles.
To maximize the lifespan of a Tesla battery, it's important to follow recommended maintenance and charging practices. This includes avoiding frequent deep discharges, charging the battery to no more than 90% capacity, and avoiding exposure to extreme temperatures.
Overall, Tesla batteries are designed to last for many years and come with a warranty and degradation protection to ensure that they continue to perform well over time.
Do Teslas need oil changes?
No, Teslas do not require oil changes, as they are electric vehicles that do not have internal combustion engines. Instead, Tesla vehicles are powered by electric motors and use a lithium-ion battery pack to store and deliver energy to the motor.
While Tesla vehicles do not require oil changes, they still require regular maintenance to ensure that they continue to operate efficiently and safely. This includes tasks such as tire rotations, brake inspections, and battery maintenance.
Tesla recommends that owners bring their vehicles in for maintenance every 12,500 miles or once a year, whichever comes first. During this maintenance visit, Tesla technicians will perform a variety of tasks, including inspecting the brakes, suspension, and tires, checking the battery and charging system, and performing software updates as needed.
Overall, while Tesla vehicles do not require oil changes, they still require regular maintenance to ensure that they continue to operate efficiently and safely. Tesla owners should follow recommended maintenance schedules and bring their vehicles in for service as needed to keep them in top condition.
Tesla Car Price Singapore
Things are progressively changing; as their broad use increases, electric vehicles will become more accessible and economical for the regular auto buyer.
We also hope that by the time you've read this article's conclusion, you'll have satisfied your interest in Tesla automobiles in general and Singapore in particular.
Keep in mind that supporting and promoting the purchase of an electric vehicle would be beneficial for both our economy and the environment as a whole.
Together, let's make Singapore a better place to live!
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