The Singapore market is quite a small market. In large part, this is because the government has put in place several measures to control the vehicle population in such a small country. Last year, just under 31,000 new vehicles were registered in Singapore. In 2021, 45,442 vehicles were registered, and 44,465 vehicles were registered in 2020. Just before the Coronavirus lockdowns, 72,344 vehicles were registered in 2019, and 80,281 in 2018.
Singapore can easily follow in the footsteps of Norway and quickly become an all-BEV market for new vehicle sales in a short space of time. Even though the Singapore market its quite small compared to traditional giant auto markets like China, USA, and Europe, it’s still good to follow the progress in these kinds of markets and see how well the transition to electric mobility is going there.
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