If you’ve noticed more Electric Vehicles (EVs) on the road around Singapore lately, you’re not alone. In fact, over 40% of new cars are EVs in 2025, making a significant leap in the country’s green mobility journey.
| 2025 |
40.2% |
| 2024 |
33.6% |
| 2023 |
18.1% |
(Registered Cars in Singapore. Source: The Straits Times)
But what’s really behind this trend? Why are EVs becoming the top choice for PHV/PHC drivers? Let’s break it down.
Among the top 10 most registered EV car brands in Singapore are BYD and the fast-rising newcomer Dongfeng. These brands have earned a strong reputation for offering reliable, feature-rich EVs at highly competitive prices.
Interestingly, Velocity Leasing offers both the Dongfeng Box and the BYD Atto 3 — models that are fast becoming favorites among PHV drivers. Dongfeng's entrance into the market just last year has already made waves, showing rapid adoption that reflects strong interest and positive driver feedback.
One of the key reasons why EVs are winning favor among PHV drivers is the significant cost advantage—especially when it comes to renting brand new vehicles. This cost advantage is one of the key reasons why EVs are now the smarter choice for PHV/PHC drivers looking to maximise earnings while keeping expenses down.
One of the biggest reasons why EV rentals are more affordable today is government support.
Thanks to government incentives, EVs enjoy up to $40,000 in tax breaks, allowing car rental companies to price brand new EV rentals much more affordable than brand new petrol or hybrid cars.
In contrast, even the most efficient hybrid cars can only get up to $5,000 rebate under the Vehicular Emission Scheme. That makes it difficult for car rental companies to offer similar discounts on hybrid or petrol rentals.
| Dongfeng Box |
AC: $12.28 |
DC: $13.72 |
| BYD Atto 3 |
AC: $17.89 |
DC: $20.09 |
| Petrol Car |
$35.21 |
| Hybrid Car |
$21.16 |
*Prices shown are after 18% Charging discount, and 29% + 2% Fuel Discount on 95 Fuel Type.
| Savings If You Drive |
Dongfeng Box |
| Petrol Car |
AC: 65.12% |
DC: 61.03% |
| Hybrid Car |
AC: 41.97% |
DC: 35.17% |
| Savings If You Drive |
BYD Atto 3 |
| Petrol Car |
AC: 49.19% |
DC: 42.94% |
| Hybrid Car |
AC: 15.46% |
DC: 5.07% |
PHV/PHC Drivers who switch from hybrid/petrol to EVs experience ~65% cost savings — an undeniable financial advantage, especially for full-time PHV drivers who clock long hours on the road.
These aren’t just efficient—they’re loaded with features PHV drivers appreciate daily.
Watch the video below to find out which one gives you more value for money!
Rent from Velocity Leasing to enjoy these exclusive benefits & perks!
- Brand New EV from only $88/day
- Up to 26 Days Free Rental
- Up to 18% Charging Discount
- Up to FREE $3,000 coverage on Vehicle Damage Waiver for CDW opt-in (Exclusively at Velocity Leasing)
- Full Servicing & Maintenance by 7 Trusted Workshops islandwide at your convenience
- Free Malaysia Entry
Thinking of making the switch? Now’s a great time. With proven greater cost savings, PHV drivers are getting more value than ever before. And with Velocity Leasing offering top EV choices, getting started is easy. Tap the button below to rent yours today!
