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asked about General

4 months ago

Should I get a petrol fueled car or an EV?

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How can we assist you?

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Royson Koh
It might not be wise to get a first hand petrol fueled car in 2025ish. As by the time your COE ends, the resell value of your petrol fueled vehicle might be significantly lower as EVs are already on the rise to comply with Singapore Green Plan. With that being said, coming from an investment point of view, I would highly suggest getting an EV as soon as the market for these vehicles are more affordable and accessible. For now, a petrol fueled car will suffice. You can check out the link I provided to personally justify if Singapore is ready for EVs to rule the roads of Sinagpore. https://www.motorist.sg/article/1214/singapore-ev-parking-and-charging-guide-2022-costs-and-accessibility
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4 months ago