\n\t| Cost for 10 years of ownership<\/td> | $30,300<\/td> | $11,460<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\r\n\r\nSo if you're unhappy about the petrol hikes that were recently announced, then maybe driving an EV is the way to go! Assuming that the average mileage a driver hits per year is 17,500km, Tesla Model 3 owners can expect to save almost $20,000 over 10 years on the cost of petrol!\r\n\r\nCharging Cost Over 10 Years: $11,460<\/strong>\r\n\n\n\n\t| <\/td> | Kia Niro Electric
\n(150kW)<\/th> | Tesla Model 3
\n(239kW)<\/th>\n<\/tr>\n<\/thead>\n | \n\n\t| Current Road Tax<\/td> | $1,447<\/td> | $2,526<\/td>\n<\/tr>\n | \n\tNew Road Tax
\n(from 1 Jan 2022)<\/td> | $1,095<\/td> | $2,526<\/td>\n<\/tr>\n | \n\t| Savings<\/td> | $352<\/td> | $0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\r\n\r\nAdditionally, there's an annual Additional Flat Component (AFC) you'll need to pay every year.\r\n\r\n\n\n\n\n\t| Licensing Period<\/th> | Annual Additional Flat Component<\/th>\n<\/tr>\n<\/thead>\n | \n\n\t| 1 Jan 2021 - 31 Dec 2021<\/td> | $200<\/td>\n<\/tr>\n | \n\t| 1 Jan 2022 - 31 Dec 2022<\/td> | $400<\/td>\n<\/tr>\n | \n\t| 1 Jan 2023 onwards<\/td> | $700<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\r\n\r\nSo, after including the AFC into your annual road tax, the total road tax payable over 10 years for a Tesla Model 3 will be $31,460<\/strong>! Whereas Kia Niro Electric will incur a total road tax cost of $17,402<\/strong>. Here's the breakdown:\r\n <\/colgroup>\r\n\r\n\r\n\r\n<\/div><\/td>\r\n Kia Niro Electric<\/strong><\/td>\r\nTesla Model 3<\/strong><\/td>\r\n<\/tr>\r\n\r\n| Road Tax<\/td>\r\n | AFC<\/td>\r\n | Total Cost<\/td>\r\n | Road Tax<\/td>\r\n | AFC<\/td>\r\n | Total Cost<\/td>\r\n<\/tr>\r\n | \r\n1st Year<\/strong><\/td>\r\n| 1,447<\/td>\r\n | 200<\/td>\r\n | 1,647<\/td>\r\n | 2,526<\/td>\r\n | 200<\/td>\r\n | 2,726<\/td>\r\n<\/tr>\r\n | \r\n2nd Year<\/strong><\/td>\r\n| 1,095<\/td>\r\n | 400<\/td>\r\n | 1,495<\/td>\r\n | 2,526<\/td>\r\n | 400<\/td>\r\n | 2,926<\/td>\r\n<\/tr>\r\n | \r\n3rd - 7th Year<\/strong><\/td>\r\n| 1,095<\/td>\r\n | 700<\/td>\r\n | 14,260<\/td>\r\n | 2,526<\/td>\r\n | 700<\/td>\r\n | 25,808<\/td>\r\n<\/tr>\r\n | \r\nTotal Amount Payable over 10 years<\/strong><\/td>\r\n| <\/td>\r\n | <\/td>\r\n | $17,402<\/strong><\/td>\r\n| <\/td>\r\n | <\/td>\r\n | $31,460<\/strong><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\nRoad Tax of BMW 318i VS Tesla Model 3<\/h4>\r\nUnfortunately, this does not impact the road tax cost for a Tesla Model 3 as its power rating is above the 230kW baseline. So how does this compare to a BMW 318i?\r\n\r\n\n\n\n\n\t| <\/td> | BMW 318i
\n(1,998cc)<\/th> | Tesla Model 3
\n(239kW)<\/th>\n<\/tr>\n<\/thead>\n | \n\n\t| 1st Year Road Tax<\/td> | $1,210<\/td> | $2,726<\/td>\n<\/tr>\n | \n\t| 2nd Year Road Tax<\/td> | $1,210<\/td> | $2,926<\/td>\n<\/tr>\n | \n\t| 3rd - 7th Year Road Tax<\/td> | $9,680<\/td> | $25,808<\/td>\n<\/tr>\n | \n\t| Total Road Tax (10 years)<\/td> | $12,100<\/td> | $31,460<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\r\n\r\nOne of the biggest barriers to EV adoption in Singapore is the annual road tax costs, and it's still there. While owning electric cars like the Kia Niro Electric or Audi e-Tron Electric will be more cost-effective in the early years, it'll still cost more than an ICE car.\r\n\r\nComparing the BMW 318i and Tesla Model 3, you'll be paying more than 2.5 times for road tax! Even the road tax for Kia Niro Electric costs at least $5,000 more over the course of 10 years too.\r\n\r\nRoad Tax Cost for Tesla Model 3 Over 10 Years: $31,460<\/strong>\r\n | | | | | | | | | | | | |
![\"Electric](\"https:\/\/carro.sg\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_1472898020-1.jpg\" "\\"\\"")
\r\n\r\nThe answer to this is simple. The initial costs of buying an EV are astronomically expensive due to the production costs of the battery and other raw materials needed for a fully electric car. A quick search on the web will tell you that to produce a battery strong enough to support the needs of a car, it'll cost at least US$7,500<\/a>!\r\n\r\nDue to the high production costs, the Open Market Value (OMV) will inadvertently be higher. And, when you include the Additional Registration Fee (ARF), excise duty, and goods and services tax into the mix, it paints a clearer picture as to why EVs are vastly more expensive than your bread and butter ICE cars.\r\n\r\nBut with Budget 2021 initiatives, the tides might be shifting! Let's find out how.<\/span>\r\n![\"Electric](\"https:\/\/carro.sg\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_1122594407-1.jpg\" "\\"\\"")
\r\n\r\nIf you own an electric car, the maintenance costs will be significantly lower compared to ICE cars.\u00a0With ICE cars, workshops have to go through a huge list of parts to check, replace and fix, from the spark plugs, fuel filters, timing belts and radiators, engine oil, or oil filters. Whereas the parts list for electric cars is significantly shorter because there's no engine. So parts like your spark plugs and replacement of fluids and consumables are not needed.\r\n\r\nThe important part about maintenance for EVs is ensuring that the electric and power systems are functioning well. On top of this, workshops will usually check parts like the wiper blades, brake pads, and tyres.\r\n\r\n\n![\"electric](\"https:\/\/carro.sg\/blog\/wp-content\/uploads\/2021\/03\/shutterstock_648746158-1-1024x681.jpg\" "\\"\\"")
\r\n\r\nWhile maintenance is cheaper, some of you might be skeptical about the battery's longevity and the rate at which it degrades as many of us have seen this degradation happen in our smartphones. But with technological advancements and the use of battery packs, the longevity and output of an electric car's battery cannot be compared to your phone's battery.\r\n\r\nIn fact, these batteries ![\"Cost](\"https:\/\/carro.sg\/blog\/wp-content\/uploads\/2021\/03\/960x0-1.jpg\" "\\"\\"")
![\"Revised](\"https:\/\/carro.sg\/blog\/wp-content\/uploads\/2021\/03\/Revised-Road-Tax-Structure-2021.png\" "\\"\\"")
\r\n\r\nThe bracket for 90kW to 230kW cars will be merged with the 30kW to 90kW band. This amounts to up to 34% in reduction of road tax payable for electric cars in the 90kW t0 230kW band.\u00a0For an easier comprehension of how these new bands will impact road tax prices, let's see how much you'll save on your road tax if you own a Kia Niro and Tesla Model 3.\r\n\r\n\n![\"EV](\"https:\/\/carro.sg\/blog\/wp-content\/uploads\/2021\/03\/Screenshot-2021-03-11-at-2.25.35-PM.png\" "\\"\\"")
![\"EV](\"https:\/\/carro.sg\/blog\/wp-content\/uploads\/2021\/03\/EV-Ready-Towns-2025-1024x581.jpg\" "\\"\\"")
![\"Sell](\"https:\/\/carro.sg\/blog\/wp-content\/uploads\/2021\/03\/080321_BlogBanners_R1_C2B_970x250-2.png\" "\\"\\"")
<\/a>\r\n\r\nGet the best price for your car through our expert and fair valuation where we can guarantee that you won\u2019t receive a lowball offer. Enjoy a fuss-free and transparent car selling experience that\u2019s sure to delight you with no hidden fees, mark-ups, and even transaction fees.\r\n\r\nWhat are you waiting for? Enjoy the