BYD set to widen lead in Singapore as EV incentives extended
Singapore extended EV rebates through 2027, offering buyers savings of up to S$30,000, while hybrids lose benefits. The move backs the city's 2040 clean-car goal. BYD, already Singapore's top-selling brand, stands to gain most,outpacing Toyota and Tesla. EVs made up 50% of new car sales in 2025 so far. BYD stock is up 21.8% this year, Toyota +5%, Tesla -14.1%.