Electric Vehicles Dominate Singapore Market February 2026

Executive Summary\n\nFebruary 2026 has proven to be a watershed month for Singapore's automotive landscape, with Electric Vehicles (EVs) officially becoming the majority choice for new car buyers. Totaling over 55% of all new registrations, the shift toward sustainable mobility is accelerating at an unprecedented pace, driven by robust manufacturer competition and evolving consumer preferences.\n\n### Fuel Type Breakdown\n\n| Fuel Type | Total Registrations | Percentage |\n| :--- | :--- | :--- |\n| Electric | 2,237 | 55.83% |\n| Petrol-Electric | 1,369 | 34.17% |\n| Petrol | 326 | 8.14% |\n| Petrol-Electric (Plug-In) | 75 | 1.87% |\n| Total | 4,007 | 100.00% |\n\n### Vehicle Type Breakdown\n\n| Vehicle Type | Total Registrations | Percentage |\n| :--- | :--- | :--- |\n| Sports Utility Vehicle | 2,274 | 56.75% |\n| Multi-purpose Vehicle | 796 | 19.87% |\n| Sedan | 739 | 18.44% |\n| Hatchback | 139 | 3.47% |\n| Coupe/Convertible | 41 | 1.02% |\n| Station-wagon | 18 | 0.45% |\n| Total | 4,007 | 100.00% |\n\n## Detailed Analysis\n\n### Fuel Type Trends: The EV Era Arrives\n\nFor the first time in a monthly update, Electric Vehicles have captured more than half of the total market share at 55.83%. This significant jump from previous years indicates that the Singapore Green Plan 2030 is seeing tangible results. When combined with Petrol-Electric hybrids (34.17%), a staggering 90% of all new cars registered in February 2026 featured some form of electrification. Pure petrol engines are rapidly becoming a niche category, accounting for just over 8% of new registrations.\n\n### Popular Makes and Models: BYD Stays on Top\n\nBYD continues to be the dominant force in the Singapore market with 888 registrations, capturing a 22.1% share of all new vehicles. Their success is followed by Toyota (624 units) and Tesla (485 units). Interestingly, Chinese manufacturers like Chery and GAC are climbing the ranks, securing spots in the top 10. Tesla's strong performance, particularly in the SUV segment with the Model Y, continues to challenge traditional luxury brands like BMW and Mercedes-Benz, which are also pivoting heavily toward their electric 'i' and 'EQ' series respectively.\n\n### Vehicle Type Preferences: SUV Dominance\n\nSingaporean drivers continue to show a strong preference for Sports Utility Vehicles (SUVs), which make up 56.75% of all registrations this month. The versatility and high driving position of SUVs seem to resonate across all fuel types, from the electric BYD Atto 3 to the hybrid Toyota Harrier. Multi-purpose Vehicles (MPVs) saw a respectable 19.87% share, largely bolstered by the adoption of electric MPVs for both private use and fleet operations.\n\n## Market Implications\n\n### For Prospective Car Buyers\n\nWith EVs becoming the standard, buyers can expect even better charging infrastructure and a wider variety of models. Those still considering pure petrol vehicles should be mindful of potential resale value trends as the market shifts decisively toward electrification.\n\n### For the Automotive Industry\n\nTraditional dealers are clearly feeling the pressure from EV-first manufacturers. Success in 2026 and beyond requires a robust electric portfolio and high-quality after-sales support for battery-related services. The rise of brands like AVATR and XPENG suggests that the barrier to entry for new, tech-forward makes has never been lower.\n\n### Environmental Goals\n\nSingapore is well on track to meet its goal of having all new car registrations be of cleaner-energy models by 2030. The rapid decline of internal combustion engine (ICE) registrations in February 2026 suggests this transition might even happen ahead of schedule.