新加坡电动汽车市场前景及投资研究报告-培训课件外文版2024.6比亚迪特斯拉吉利小米su7极氪

INDUSTRIES

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MARKETSElectricvehiclemarketinSingaporeCHAPTER

01OverviewWorldwidenumberofbatteryelectricvehiclesinusefrom2016to2022(inmillions)Batteryelectricvehiclesinuseworldwide2016-2022201816141210818116.864.83.341.9201.220162017201820192020202120223Description:Some18millionbatteryelectricvehicles(BEVs)wereinusegloballyin2022.Thatyear,around7.3millionnewbatteryelectricvehicleswereaddedtotheworldwidefleet,steadilygrowingsince2016.

ReadmoreNote(s):Worldwide;2016to2022Source(s):IEABattery-electricvehiclesalesworldwidefrom2011to2022(inmillionunits)Globalsalesofbattery-electricvehicles2011-2022876543217.34.621.51.40.760.460.330.20.110.040.0602011201220132014201520162017201820192020202120224Description:Battery-electricvehiclesalesreachedanestimated7.3millionin2022,upfromaround4.6millionin2021.BEVsaleshavesoareddueanumberoffactors,includinganincreasedconsumerinterestinmoresustainabletransportandgovernmentalregulationstocurbdirecttransportemissions.In2021,thesesalesmorethandoubledcomparedto2020,and2022marksanewrecordinall-electricsalesvolume.

ReadmoreNote(s):Worldwide;2016to2022;dataonlyincludespassengercars.Source(s):IEAGlobalmarketshareofelectricvehicleswithinpassengercarsalesbetween2010and2022Electricvehiclesmarketshareworldwide2010-202216%14%12%10%8%14%8.7%6%4.2%20204%2.6%20192.3%20181.4%20172%0.89%20160.7%20150.43%20140.27%20130.16%20120.01%20100.07%20110%202120225Description:Electricvehiclesamountedtosome14percentofglobalpassengercarsalesin2022,whichwasariseofaround5.3percentagepointsyear-over-year.Electricvehiclesaleshaverapidlyincreasedsince2017,whentheyroseaboveonepercentofthemarket,andhaveparticularlyacceleratedsince2020.ManyconsumersstartedlookingformoresustainabletransportationmethodsamidtheCOVID-19pandemicduetoincreasedenvironmentalconsciousness.ThiscontributedtotheEVmarket[...]

ReadmoreNote(s):Worldwide;2010to2022Source(s):IEAMarketshareofelectricvehicle(EV)salesinSoutheastAsiaasof3rdquarterof2022,byleadingcountryEVsalesshareinSEAQ32022,bycountryShareofsales30%0%10%20%40%50%60%70%ThailandIndonesiaSingaporeMalaysiaVietnam59.2%25.2%11.8%3.1%0.7%Philippines

0.02%6Description:Asofthethirdquarterof2022,Thailandhadthelargestmarketshareofelectricvehicle(EV)salesinSoutheastAsia,amountingtoaround59percent.Indonesiafollowedthiswitha25percentmarketshare.Incontrast,thePhilippines'marketshareofEVsalesintheregionamountedtolessthanonepercent.ReadmoreNote(s):Asia;Q32022Source(s):CounterpointResearchShareofpeoplevaluingcarownershipin56countries&territoriesworldwide,asofFebruary2024Peoplevaluingcarownershipinselectedcountriesworldwide2024Shareofrespondents30%

40%0%10%20%50%60%70%SouthAfricaPortugal73%69%NigeriaNewZealandMalaysia68%67%67%Australia65%Canada63%62%61%61%60%UnitedStatesDominicanRepublicAustriaMexicoItalySpain60%60%7Description:Whenitcomestotheshareofpeoplevaluingcarownershipinselectedcountriesworldwide,SouthAfricaranksthehighestinthislist.73percentofconsumerinSouthAfricasharethisattitude.FollowinginthesecondplaceisPortugal,whileHongKongcanbefoundatthebottomoftheranking.ReadmoreNote(s):Worldwide;JanuarytoDecember2023;469to10,038respondentspercountry;18-64yearsSource(s):ConsumerInsightsCHAPTER

02KeyindicatorsMotorvehiclepopulationinSingaporein2023,bycategory(in1,000s)MotorvehiclenumberSingapore2023,bycategoryNumberofvehiclesinthousands0100200300400500600700Carsandstation-wagonsGoodsandothervehiclesMotorcyclesandscootersTaxexemptedvehicles*Buses651.3143.96143.4926.5317.83Taxis13.629/statistics/828665/singapore-motor-vehicle-population-by-categoryIn2023,about651thousandcarsandstation-wagonswererecordedinSingapore,representingthelargestvehiclepopulation.Itwasfollowedbyapproximately144thousandgoodsandothervehicles,and143thousandmotorcyclesandscooters.

ReadmoreNote(s):Singapore;2023;*Taxexemptedvehiclesincludevehiclesregisteredwithexemptionofroadtaxpayment,vehiclesforoff-the-roaduseandengineeringplants,etc,Valueshavebeenrounded.

ReadmoreSource(s):LTACarpopulationbytypeoffuelusedinSingaporefrom2014to2023CarpopulationbytypeoffuelinSingapore2014-2023PetrolDieselPetrol-ElectricPetrol-Electric(Plug-In)Petrol-CNGElectricDiesel-Electric700,000600,000500,000400,000300,000200,000100,00002013201420152016201720182019202020212022202310Description:In2023,petrolcarsstilllargelydominatedthecarpopulationinSingapore,withatotalof540,605vehicles.Thisproportiontendstoslightlydecreaseovertheperiodbutremainsthemostusedcartype.Singaporeaimstophaseoutinternalcombustionengine(ICE)vehiclesandhaveallvehiclesrunoncleanerenergyby2040.ReadmoreNote(s):Singapore;2014to2023Source(s):LTAElectricvehiclerevenueinSingaporefrom2017to2028,byvehicletype(inmillionU.S.dollars)ElectricvehiclerevenueSingapore2017-2028,byvehicletypeBatteryElectricVehiclesPlug-inHybridElectricVehicles35030025020015010050020172018201920202021202220232024*2025*2026*2027*2028*11Description:In2028,theelectricvehiclerevenueinSingaporeisprojectedtoreach312.5millionU.S.dollars,upby99millioncomparedto2023.Battery-electricvehiclesrepresentthelargestsegmentinthesector,andareexpectedtomakeupalmost90percentofthetotalrevenuein2028.ReadmoreNote(s):*Forecast.DataprovidedbyMarketInsightsareestimates.CO2emissionshaveaseriousimpactontheclimateandtheenvironment.Theycontributetothegreenhouseeffect,whichcausesclimatechange.Trafficisresponsible[...]

ReadmoreSource(s):ElectricvehiclesalesinSingaporefrom2017to2028,byvehicletype(in1,000units)EVsalesbytypeinSingapore2017-2028BatteryElectricVehiclesPlug-inHybridElectricVehicles6,0005,0004,0003,0002,0001,000020172018201920202021202220232024*2025*2026*2027*2028*12Description:Around3.39thousandbattery-electricvehiclesweresoldinSingaporein2023,makingthemthemostpopulartypeofplug-inelectricvehicle.Thisvolumeisprojectedtoreachnearly5.13annualsalesin2028,almosttentimestheexpectedsalesvolumeforplug-inhybridelectricvehicles.ReadmoreNote(s):*Forecast.DataprovidedbyMarketInsightsareestimates.CO2emissionshaveaseriousimpactontheclimateandtheenvironment.Theycontributetothegreenhouseeffect,whichcausesclimatechange.Trafficisresponsible[...]

ReadmoreSource(s):CHAPTER

03RegistrationsNumberofregisteredelectricvehicles(EVs)inSingaporefrom2022to2023NewlyregisteredelectricvehiclesSingapore2022-20236,0005,0004,0005,4683,6343,0002,0001,00002022202314Description:In2023,therewere5,468electricvehicles(EVs)registeredinSingapore.ThenumberofEVregistrationinthecountrysawasignificantgrowthcomparedtothepreviousyear.Accordingtothesource,atotalof30,225passengercarswereregisteredinSingaporeinthatyear.ReadmoreNote(s):Singapore;2022to2023Source(s):BusinessTimes(Singapore);LTAShareofelectricvehicles(EVs)intotalcarregistrationsinSingaporefrom2022to2023ShareofnewlyregisteredelectricvehiclesSingapore2022-202320%18%16%18.1%14%11.7%12%10%8%6%4%2%0%2022202315Description:In2023,18.1percentofcarregistrationsinSingaporewereelectricvehicles(EVs).Accordingtothesource,atotalof30,225passengercarswereregisteredinSingaporeinthatyear.

ReadmoreNote(s):Singapore;2022to2023Source(s):BusinessTimes(Singapore);LTANumberofregisteredplug-inhybridelectricvehicles(PHEVs)inSingaporefrom2022to2023NewlyregisteredPHEVsSingapore2022-20234504003503002502001501005041126602022202316Description:In2023,therewere266plug-inhybridelectricvehicles(PHEVs)registeredinSingapore.Accordingtothesource,atotalof30,225passengercarswereregisteredinSingaporeinthatyear.AspartoftheSingaporeGreenPlan2030,newregistrationsofcarsandtaxiswithdieselengineswillnotbeallowedfrom2025,andthosewithcombustionengineswillnotbeallowedfrom2030.ReadmoreNote(s):Singapore;2022to2023Source(s):BusinessTimes(Singapore);LTAShareofplug-inhybridelectricvehicles(PHEVs)intotalregistrationsinSingaporefrom2022to2023ShareofnewlyregisteredPHEVsSingapore2022-20231.4%1.3%1.2%1.0%0.8%0.6%0.4%0.2%0.0%0.9%2022202317Description:In2023,only0.9percentofcarregistrationsinSingaporewereplug-inhybridelectricvehicles(PHEVs).Accordingtothesource,atotalof30,225passengercarswereregisteredinSingaporeinthatyear.AspartoftheSingaporeGreenPlan2030,newregistrationsofcarsandtaxiswithdieselengineswillnotbeallowedfrom2025,andthosewithcombustionengineswillnotbeallowedfrom2030.ReadmoreNote(s):Singapore;2022to2023Source(s):BusinessTimes(Singapore);LTANumberofregisteredhybridcarsinSingaporefrom2022to2023NewlyregisteredhybridcarsSingapore2022-202316,00013,86414,00012,00010,0008,0006,0004,0002,000011,6402022202318Description:In2023,therewere5,468hybridcarsregisteredinSingapore.Accordingtothesource,atotalof30,225passengercarswereregisteredinSingaporeinthatyear.AspartoftheSingaporeGreenPlan2030,newregistrationsofcarsandtaxiswithdieselengineswillnotbeallowedfrom2025,andthosewithcombustionengineswillnotbeallowedfrom2030.ReadmoreNote(s):Singapore;2022to2023Source(s):BusinessTimes(Singapore);LTAShareofhybridcarsintotalregistrationsinSingaporefrom2022to2023ShareofnewlyregisteredhybridcarsSingapore2022-202350%45.9%45%40%35%30%25%20%15%10%5%37.6%0%2022202319Description:In2023,45.9percentofcarregistrationsinSingaporewerehybridcars.Accordingtothesource,atotalof30,225passengercarswereregisteredinSingaporeinthatyear.AspartoftheSingaporeGreenPlan2030,newregistrationsofcarsandtaxiswithdieselengineswillnotbeallowedfrom2025,andthosewithcombustionengineswillnotbeallowedfrom2030.ReadmoreNote(s):Singapore;2022to2023Source(s):BusinessTimes(Singapore);LTACHAPTER

04CompaniesNumberofelectriccarsinSingaporeasof2023,bybrandNumberofelectriccarsSingapore2023,bybrandNumberofvehicles05001,0001,5002,0002,5003,000TeslaBYD2,7802,399BMW1,425HyundaiMercedes-BenzBluecarM.G1,192882783568PorschePolestarAudiVolvoOpelPeugeot44826922422217815421Description:Asof2023,therewereatotalof2,780teslacarsinSingapore,makingitthelargestelectriccarpopulationinthecountry.Incomparison,therewere2,399BYDcarsintotalinthesameyear.

ReadmoreNote(s):Singapore;2023Source(s):LTANumberofhybridcarsinSingaporeasof2023,bybrandNumberofhybridcarsSingapore2023,bybrandNumberofvehicles05,00010,00015,00020,00025,00030,00035,00040,000Toyota35,062Honda16,350Mercedes-Benz6,271NissanMazda4,7194,318AudiKiaBMW2,9832,4592,0831,786HyundaiSuzukiLandRoverVolvo773749546519Mercedes-Benz(Plug-in)22Description:Asof2023,therewereatotalof35,062ToyotahybridcarsinSingapore,makingitthelargestpopulationofhybridcarsinthecountry.Bycomparison,therewereatotalof16,350Hondahybridcarsinthesameyear.

ReadmoreNote(s):Singapore;2023Source(s):LTAMarketshareofelectricvehiclemanufacturersinSingaporein2022,basedonunitsalesElectricvehiclemanufacturersmarketshareSingapore2022,byunitsalesMarketshare1005152025TeslaBYD22.717HyundaiBMW15.27.7MG6.56.5Mercedes-BenzNissan4.5PolestarVolvo4.13.2PorscheOther39.823Description:In2022,about22.7percentofelectricvehiclesalesinSingaporeweremadebyTesla.ThesecondlargestmanufacturerwasBYDwithamarketshareofabout17percentduringthesameyear.

ReadmoreNote(s):Source(s):LeadingelectriccarbrandsbasedonpopularityinSingaporeasofJanuary2024Mostwell-knownelectriccarbrandsSingapore2024Shareofrespondents30%

40%0%10%20%50%60%70%80%TeslaBYD76%45%BMW31%Mercedes-BenzMG27%12%Porsche18%PolestarHyundaiBluecar10%34%16%Audi19%Toyota26%MitsubishiOthers13%2%Noneoftheabove9%24Description:AccordingtoasurveyconductedbyRakutenInsightinJanuary2024,Teslawasthemostwell-knownelectriccarbrandinSingapore,followedbyBYD,andHyundai.Thesamesurveyrevealedthatonlyfivepercentofthesurveyedpopulationownanelectriccar.ReadmoreNote(s):Singapore;January19to31,2024;4,645respondentsSource(s):RakutenInsightCHAPTER

05ConsumerperspectiveIntentiontopurchaseanelectriccarinSingaporeasofJanuary2024IntentiontopurchaseanelectriccarSingapore2024Yes37%No63%26/statistics/1030105/singapore-intention-towards-purchasing-an-electric-carAccordingtoasurveyconductedbyRakutenInsightinJanuary2024,37percentofrespondentsinSingaporestatedthattheyintendtopurchaseanelectriccar.Thesamesurveyrevealedthatonlyfivepercentofthesurveyedpopulationownanelectriccar.ReadmoreNote(s):Singapore;January19to31,2024;4,645respondents;amongfemaleandmalerespondentsSource(s):RakutenInsightReasonsforchoosinganelectriccaroveraconventionalcarinSingaporeasofJanuary2024ReasonsforchoosinganelectriccarSingapore2024Shareofrespondents0%

10%20%30%40%37%50%60%70%80%76%Itisenvironmentally-friendlyItismoreaffordabletopowerinthelongrun(charginganelectriccarcostslessthanpetrol)55%MygovernmenthassubsidiesandincentivesforelectriccarsElectriccarsareeasierandmorecomfortabletodriveIwanttokeepupwithautomobiletrendsOtherreasons24%16%3%27Description:AccordingtoasurveyconductedbyRakutenInsightinJanuary2024,76percentofrespondentsinSingaporecitedtheenvironmentastheleadingreasonforthemtochooseanelectriccaroveraconventionalcar.ꢀThesamesurveyrevealedthatonlyfivepercentofthesurveyedpopulationownanelectriccar.ReadmoreNote(s):Singapore;January19to31,2024;1,710respondentsSource(s):RakutenInsightReasonsagainstpurchasinganelectriccarinSingaporeasofJanuary2024ReasonsfornotpurchasinganelectriccarSingapore2024Shareofrespondents0%5%10%15%20%25%30%35%40%45%50%48%55%ElectriccarsarestilltooexpensivetopurchaseThereisalackofchargingstationsinmycountry35%IamwaitinguntilthetechnologyregardingelectriccarsismoredevelopedThebatterylifeofelectriccarsisstilltooshortformetocommittobuyingoneElectriccarsarehardertorepairandmaintain21%15%11%11%IdonotbelieveelectriccarsarebetterfortheenvironmentElectriccarsarenotasenjoyabletodriveasconventionalcarsOtherreasons7%29%28Description:AccordingtoasurveyconductedbyRakutenInsightinJanuary2024,thecostofanelectriccarwastheleadingdeterrenttopurchasingsuchacar,asstatedby48percentoftherespondentsinSingapore.Meanwhile,35percentcitedthelackofchargingstationsasafactorstoppingthemfrombuyingelectriccars.Thesamesurveyrevealedthatonlyfivepercentofthesurveyedpopulationownanelectriccar.

ReadmoreNote(s):Singapore;January19to31,2024;2,935respondentsSource(s):RakutenInsightPricerangepeoplearewillingtopayforwhenpurchasinganelectriccarinSingaporeasofJanuary2024AcceptablepricerangeforelectriccarsSingapore2024Shareofrespondents5%0%10%9%15%14%20%25%30%35%31to50percenthigherthanaconventionalcar11to30percenthigherthanaconventionalcarUpto10percenthigherthanaconventiona