Tesla offers S$5,000 incentive to drive EV adoption in Singapore, launches two new Supercharging stations

The new sites, with four Superchargers each, are at Resorts World Sentosa and Changi City Point

Tesla has announced new commercial initiatives in Singapore to encourage the adoption of electric vehicles (EVs), including a S$5,000 incentive for customers who order and collect a new vehicle by Dec 31 this year.

Tesla said it is also offering financing options through its preferred financiers, with interest rates starting at 1.54 per cent per annum as at Friday (Oct 24).

The carmaker is offering three pricing schemes – Flexi, Saver, and Guaranteed Certificate of Entitlement (CoE) bidding structures – that will allow customers to choose their “bidding profile”.

This model, Tesla said, will assure customers that they “will pay only the successful bid amount”. No further details were provided on what each pricing scheme entails.

On the infrastructure front, Tesla announced the opening of two new Supercharging stations, with one at Resorts World Sentosa and the other at Changi City Point.

Four Superchargers will be installed at each new location, bringing Tesla’s total network in Singapore to 14 stations and 49 Superchargers.

The new chargers have a 250 kilowatt (kW) maximum charge rate. Tesla said this provides enough charge for up to 311 km of range in 15 minutes. The cost of using the Supercharger network starts at S$0.44 per kWh.

Tesla further announced a new over-the-air software update, which includes a “Tron Mode” for a Tron-inspired driving visualisation, as well as the addition of street names to the dashcam viewer.