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Tesla Will Cost A Lot Lessa Than A Toyota Camry In Singapore

You are currently viewing Tesla Will Cost A Lot Lessa Than A Toyota Camry In Singapore
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In 2016, Tesla tried to launch in Singapore, but the automaker ran into some issues.

The first Tesla Model S owner in Singapore had problems with emission tests, of all things, and it was slapped with a SGD $15,000 (US $11,000) fine instead of a rebate after the Land Transport Authority (LTA) determined that the Model S was more polluting than a gasoline car of similar size.

Tesla tried fighting against the ruling and issued a statement. Claiming that efficiency test results should have been almost three times lower than achieved through LTA’s tests.

The local government has since been a lot more responsive to electric vehicles, and now Tesla is giving it another go five years later.

Model 3 is coming to Singapore and it’s (sort of) cheap

Two versions of the Model 3 have started appearing on the Transport Authority’s fuel economy comparison site. Therefore, confirming that the electric sedan is going to be available soon.

With strong fees associated with importing vehicles, but also incentives for electric vehicles. The Model 3 is to be cheaper than a Toyota Camry.

The Straits Times reports:

American electric-car maker Tesla has secured approval to start selling its cars here. Which observers believe could be pricey. $145,000 – or less than a petrol-driven Toyota Camry.

Here’s how they come to that price:

Based on an estimated open market value of $44,000 for the Model 3 Standard Range. And $62,000 for the Model 3 Performance. The two cars could be priced from $145,000 and $215,000 respectively. This is after taking into account additional registration fee, excise duty, registration fee, goods and services tax. Along with certificate of entitlement, road tax for the first year and profit margin.

Tesla is going to open orders in the coming weeks and confirm the price in the process.

There are already over 40 Tesla vehicles in the country. But they were sent privately from other countries instead of being sold by the automaker.

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