How Much Does It Cost To Own A BYD In Singapore

BYD – short for Build Your Dreams – has gone from strength to strength in recent years, with the Chinese auto manufacturer emerging as the world’s largest electric vehicle (EV) producer after overtaking Tesla in 2024.

What may come as a surprise to most people is that BYD has already been in Singapore for a decade. Recent government subsidies and increasing charging infrastructure has also led to greater adoption of electric vehicles.

With a lineup of 7 models comprising of an MPV, SUVs, sedans and hatchbacks, BYD cars are becoming more commonplace on our roads. This could be due to the low-cost nature of the cars, as compared to other options in the market. As such, here is how much one can expect to pay for a BYD in Singapore.

Read Also: Electric Cars You Can Buy In Singapore (That Are Cheaper Than The Tesla Model 3)

BYD Cars Pricing Packages

The price of the cars depends on the packages chosen. The Base and Savers packages are cheaper, but they do not guarantee COE, which may mean a longer wait for your car. The $16,350 deposit is only refundable after 6 unsuccessful bids for the Base package, and 8 unsuccessful bids for Savers package. The Excite package guarantees COE within 4 bids.

Buyers will get a rebate if the COE is below the stipulated sum for each of the following packages:

BYD Atto 2 & 3

Source: BYD

The popular selling midsized SUV ATTO 3 gets a refresh with new interior colours, ventilated drive & front passenger seats, and redesigned rims. The latest model is available under the Category A classification.

Customers can also select the $4,000 CarbonEdge option for which the car has a blackened front grille-bar, window-surround trims, roof and rear spoiler. In the interior there will be black seats with red stitching on them along with a front boot or trunk.

Alternatively, customers may consider the newly launched entry-level compact SUV, the ATTO 2. Although smaller and less powerful than the BYD ATTO 3, the ATTO 2 features a boxier design and refreshed cabin that gives it a more premium feel, while still offering a comprehensive suite of driver assistance and safety systems.

The ATTO 2 is offered in a single variant and falls under the Category A COE classification.

BYD Seal

Source: BYD

The BYD Seal, a four-door electric coupe is available in two variants – one under Cat A and two under Cat B.

The latest model was recently upgraded with new features such as an expanded frunk capacity of 53L (from 50L), enhanced comfort features and new rim designs. Each of the 3 models has different ranges and engine performances, resulting in different price points for each option.

BYD M6 

Source: BYD

The 7-seater M6 is BYD’s only MPV model, offering both comfort and sophistication. It is available under the Cat A classification.

Featuring a range of 440km on a full charge, this MPV is able to get a full charge in 1 hour and 10 minutes. Similar to the Atto 3, buyers can opt for the CarbonEdge option for an additional $3,000.

BYD Dolphin

Source: BYD

The Dolphin is the only hatchback model in BYD’s line-up and it is also the most affordable compared to the other BYD vehicles. It given some fresh new upgrades, which include a sleek black interior, BYD digital key, new rim design and enhanced performance.

Read Also: How Much Will It Cost To Buy And Own The Tesla Model 3 In Singapore?

BYD Sealion 7 (Fully-Electric)

Another SUV model in BYD’s line-up is the Sealion 7, which embodies the perfect combination of performance, luxury, and innovation. One key feature of this model is its fast DC charging speeds of up to 230kW allowing it to charge from 10% to 80% in just 24 minutes.

There are two variations for this model – the Premium extended range and AWD Performance, both are under the Cat B classification and A1 VES banding.

BYD SEALION 6 DM-i

The BYD Sealion 6 DM-i is the first hybrid model in BYD’s lineup to feature its advanced smart DM-i hybrid technology. Unlike conventional hybrids that rely on both electric and petrol engines simultaneously, the Sealion 6 operates fully on electric power and switches to petrol only when required.

The BYD Sealion 6 DM-i is available as an SUV model under the Category B COE classification.

BYD SEAL 6 DM-i

The BYD Seal 6 DM-i is among the latest plug-in hybrid models recently unveiled by BYD. The lineup includes a sedan, available in two variants as well as a stationwagon variant.

Designed around BYD’s Ocean Aesthetics” philosophy, the models feature an “Ocean X” front design, distinctive double-L headlamps and sculpted dual waistlines that gives them a sleek and modern appearance.

Both models fall under the Category B COE classification.

Rebates When Buying A BYD Car In Singapore

Rebates differ for electric vehicles as compared to normal cars. For example, the EV Early Adoption Incentive (EEAI) awards a 45% rebate off the additional registration fee, capped at $7,500 until the end of 2026.

BYD Is Competitively Priced Compared To Other EV Manufacturers

BYD offers competitively priced models with features that are typically offered in higher priced models. For example, under the Category A COE classification, the ATTO 3, is more competitively priced while offering a respectable driving range and fuel efficiency compared to the Kia EV5 and Hyundai Kona.

Under the Category B COE classification, BYD offers the Seal Premium, which competes with the Tesla Model 3 Performance and Mercedes-Benz EQE. All three models qualify for the VES A1 rebate of $22,500 and an additional $7,500 under the EEAI scheme.

In this segment, the BYD Seal stands out for its more competitive pricing while still delivering comparable driving range and energy efficiency as the Tesla Model 3 Performance.

Additional Costs When You Own An EV Car In Singapore

With an electric car, the main bulk of costs will be for charging the vehicle. All BYD models are compatible with both AC/DC charging, allowing for both home and charging points to be used.

One way owners can cut costs is to install a home charger and connect to a solar panel grid, effectively reducing driving costs. Additional unused energy can be sold back to the grid, further reducing costs.

Maintenance is another big cost for electric cars due to natural battery degradation. Although fewer parts are involved as compared to an internal combustion car, the costs for replacing parts such as the electric motor and battery are higher.

Taxes such as road tax and COE also differ depending on the power output and capacity of the car battery.