Fuel VS EV

by | Mar 23, 2022 | Happenings | 0 comments

How Much Does It Cost To Charge an EV?

An EV (Electric Vehicle) typically cost much more compared to a combustion engine similar model.
Even with the CVES rebate of $30,000, payout over the first 2 years, nearly all EV Vans costs more than $100,000 in Singapore with COE.

Aside from the cost of EV with COE, most business owners are not entirely clear about the real costs of charging an EV.

Most changing stations usually charge by the kWh or by the hour.
This is further complicated if you are using AC or DC Charging. AC charging (also known as slow charging) typically takes 6-8 hours to fully charge an EV.
While DC Charging (also known as fast charging) can range between 40mins to an hour to achieve 80-100% full charge.

Aside from AC/DC Charging, there are nearly 11 different EV Charging Suppliers in Singapore, each with its own rates. To simplify, let’s assume the following.

  • Using SP Group Rates (EV) and Shell Stations (Fuel)
  • The Commercial Van clocks in 200km/day or 74,000km per annum
  • Exclude All Fuel Station / Credit Card Discounts

Here’s another helpful chart on the number of charging stations in Singapore

Without a doubt, EV Charging costs are only a fraction compared to either Diesel or Petrol. But Caveat Emptor (Let the buyer beware).

A limited number of available EV charging points in Singapore.
DC Fast Charging will take 40-60mins, while AC Charging will take 4-6hrs
Regardless if you drive petrol or diesel, you can top up a full tank in under 5mins.

So, What Does This Mean?

EV is the future for all automobiles, as major automobile manufacturers pivot away from combustion-powered vehicles to pure electric vehicles (EV), but as of now, if you are prepared to wait for your vehicle to be charged, source of available charging points, Skylink carries some of the most popular and reliable EV Vans from BYD, Opel and Citroen

If you prefer the ever more reliable combustion-powered vehicles, check our Toyota, Nissan, Volkswagen, and Maxus models.