BYD T3 Electric Van

What is an Electric Vehicle?

Electric Vehicles (EVs) are vehicles that are fully, or partially powered by an electric motor instead of an Internal Combustion Engine (ICE). There are many types of EVs – pure-electric vehicles, hybrid electric vehicles, plug-in electric vehicles etc.

Vanzey offers Commercial EVs and charging solutions that can both help you save costs for your business, and save the environment.

60,000 charging points island wide

Why should I get an EV now?

Singapore aims to phase out ICE vehicles and have all vehicles run on cleaner energy by 2040. Under the Singapore Green Plan 2030 (SGP30), the government has a comprehensive EV Roadmap to ramp up efforts for EV adoption. This includes making the cost of buying EVs more attractive and ensuring accessible charging infrastructure. We can expect up to 60,000 EV charging points island-wide by 2030!

Find out more benefits of owning an EV below.

COE Prices
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Cost Efficiency for your Business
ARF reduced to $0 minimum
Minimum ARF reduced to S$01
(usual S$5,000)
Own an electric van with S$0 down payment
$30,000 government rebates
EV Early Adoption Incentive (EEAI)2 and Vehicular Emissions Scheme (VES)3 gives EV owners combined cost savings of up to S$30,000, paid over 3 years
five times lower running costs
Up to 5x lower running costs4
compared to ICE vehicles.
EV Eco-friendly
  • EVs do not emit greenhouse gases such as carbon monoxide, so it has near zero contribution to overall pollution.
  • An EV emits half the amount of CO2 as compared to a similar vehicle powered by ICE.
  • EVs are more energy efficient as they convert over 77% of electrical energy to power the wheels. Conventional gasoline vehicles only convert about 12%–30% of the energy stored in gasoline to power at the wheels.
COE Bidding Results

Cat C: Goods Vehicles and Bus, Mar 2022, 1st Bidding (Next tender on 23 Mar 2022)

Quota Premium$48,889
ChangeUp $ 2,388
Prevailing Quota Premium$44,118 (Mar)
Quota76
Bids Received199
COE Price Trend Chart
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Book a test drive with us today!

1 Minimum Additional Registration Fee (ARF) reduction for Evs registered from Jan 2022 to Dec 2023.
2 EV Early Adoption Incentive (EEAI) for Evs registered from 1 January 2021 to 31 December 2023.
3 Vehicular Emissions Scheme (VES) for Evs registered between 1 January 2018 and 31 December 2020, and Enhanced Vehicular Emissions Scheme (EVES) for EVs registered between 1 January 2021 and 31 December 2022.
4 Based on average mileage of 200 km per day and total cost per year. Estimated based on charging price of S$0.23/kW (SP Group) and fuel price of S$2.06/L.

Product images are for illustrative purposes only.