Singapore EV Grants 2026: Stack CVES & HVZES | ABLINK

Most Singapore fleet operators leave between $15,000 and $55,000 on the table every time they buy a commercial EV. They claim one grant and stop. However, the 2026 incentive landscape actually supports multiple, stackable schemes that target different parts of the transition. In this guide, you will learn exactly how to identify, combine, and apply every eligible grant when transitioning your commercial fleet to electric — using verified data from the LTA Official EV Roadmap.

Why 2026 Is the Most Financially Rewarding Year to Go Electric

Singapore has never offered a more complete incentive environment for commercial EV buyers. Three distinct government programmes run concurrently in 2026. Each one targets a different part of the transition, and together they create a powerful financial case for acting now rather than later.

First, the Commercial Vehicle Emissions Scheme (CVES) is active from 1 April 2025 to 31 March 2027. It directly rewards operators who choose clean vehicles. Second, the Heavy Vehicle Zero Emissions Scheme (HVZES) launched on 1 January 2026, offering significant incentives for zero-tailpipe heavy goods vehicles. Third, the Electric Heavy Vehicle Charger Grant (EHVCG) runs from 2026 to 2028, co-funding the infrastructure your fleet needs to operate.

However, understanding each scheme individually is only half the strategy. The real opportunity lies in stacking them. Therefore, this guide breaks down each scheme, identifies which vehicles qualify, and shows you how multiple incentives can apply to a single fleet decision.

Additionally, the window is closing. CVES ends in March 2027. EEAI for passenger-adjacent models phases out. Businesses that act decisively in 2026 lock in optimal financial conditions before the incentive environment changes.

Understanding CVES: Your Foundation Grant for Light Commercial EVs

The Commercial Vehicle Emissions Scheme classifies light commercial vehicles into three bands based on emissions performance. Band A vehicles — the cleanest — earn a cash incentive of up to $15,000. Band B vehicles earn a smaller incentive. Meanwhile, Band C vehicles (the most pollutive) face a $20,000 surcharge.

Electric light commercial vans are designed to land in Band A. Therefore, when you purchase a qualifying electric van through ABLINK, the CVES rebate essentially reduces your net acquisition cost before you calculate any other savings. This is not a loan. It is a direct rebate applied at registration.

For example, an electric van priced at $45,800 body price immediately becomes a $30,800 net cost after the $15,000 CVES rebate — before adding COE, but also before counting operational savings or infrastructure grants. Furthermore, the financial distance between a diesel van and an electric alternative narrows considerably when you factor this in at the start of your calculation.

To understand the full cost picture, the ABLINK team recommends reading the Diesel vs Electric Van 2026 Cost Analysis before making any final decision. That guide walks through fuel savings, maintenance reductions, and the true 5-year total cost of ownership comparison.

HVZES: The Grant That Changes the Maths for Lorry Operators

The Heavy Vehicle Zero Emissions Scheme is new for 2026. LTA introduced it as part of Singapore's Green Plan 2030 push into the heavy commercial vehicle segment. Operators who register a new zero-tailpipe emissions heavy goods vehicle or bus from 1 January 2026 are eligible for a $40,000 incentive per vehicle.

This fundamentally changes the economics for logistics operators, freight companies, and businesses running lorries. Previously, the cost premium of an electric lorry over a diesel equivalent felt substantial. However, with the $40,000 HVZES incentive now available, the effective purchase gap closes significantly.

Meanwhile, operators replacing older diesel lorries through the Early Turnover Scheme (ETS) — for those still holding qualifying diesel vehicles — can access additional PQP (Prevailing Quota Premium) discounts on top of HVZES. This creates another layer of potential savings for businesses upgrading older fleets.

The Complete Guide to Class 3 EV Vans on the ABLINK blog provides detailed guidance on vehicle classification, weight limits, and how these apply to current electric lorry models in Singapore.

EHVCG: The Charger Grant Nobody Talks About (But Should)

Even experienced fleet managers overlook the Electric Heavy Vehicle Charger Grant. It is perhaps the least-discussed incentive in Singapore's commercial EV ecosystem, yet it directly supports the infrastructure that makes electric fleet operations practical.

From 1 January 2026 to 31 December 2028, the EHVCG co-funds up to 50% of charger installation costs, capped at $30,000 per charger. The grant is available for the first 500 chargers across Singapore. To qualify, businesses must purchase at least one electric heavy vehicle per charger installed. Additionally, chargers must be at designated lorry or coach lots with a minimum power output of 50kW.

Therefore, a business installing a $60,000 heavy vehicle charging station could recover $30,000 through EHVCG. Combined with the HVZES incentive on the vehicle itself, a single lorry purchase-plus-charger investment could attract up to $70,000 in combined government support.

However, the 500-charger limit is finite. This grant operates on a first-come basis. Businesses that wait risk finding the grant fully allocated before they apply.

The Stacking Strategy: How the Numbers Actually Work

Here is where the incentive picture becomes truly compelling. The three schemes above are not mutually exclusive. Instead, they are designed to work together because each one targets a different element of the EV transition.

Consider a logistics SME purchasing two electric light commercial vans and one electric lorry, and installing two commercial chargers at their depot:

For the two electric vans — assuming Band A CVES qualification — the business receives $15,000 × 2 = $30,000 in CVES rebates. For the electric lorry — assuming HVZES qualification — the business receives an additional $40,000. For two depot chargers through EHVCG — assuming full co-funding — the business recovers up to $30,000 × 2 = $60,000 in charger installation support.

The combined potential government support across this single fleet decision: up to $130,000. Even in a conservative scenario where not every incentive reaches its ceiling, the stacking approach consistently outperforms single-grant thinking.

At ABLINK, we help our clients select the right combination of vehicles to maximise their eligibility position. For van buyers, the Maxus e Deliver 5 is perfectly positioned to capture the full Band A CVES rebate. For heavier logistics requirements, the SRM T3EV Electric Lorry qualifies for the latest 2026 incentives including the potential $40,000 Heavy Vehicle Grant.

Maxus e Deliver 5: The Urban Van That Makes Incentive Stacking Easy

The Maxus e Deliver 5 is ABLINK's entry point into Singapore's commercial EV fleet market. It is priced at S$45,800 body price, making it one of the most accessible electric vans available from a certified dealer in Singapore today.

Per ABLINK's product specifications, the Maxus e Deliver 5 delivers a range of approximately 300km. For context, this covers the vast majority of Singapore delivery circuits without requiring a mid-day charge. The island measures just 50km from east to west. Therefore, 300km of operational range provides a significant buffer even for high-frequency urban delivery businesses.

The Maxus brand is a commercial EV specialist with a strong track record in European and Asian markets. It is not a passenger car company adapting a car platform. Instead, it builds purpose-designed cargo vans from the ground up. This translates directly into load space design, payload ratings, and practical usability for the SME operator.

From a grant perspective, the Maxus e Deliver 5 is structured to target Band A CVES classification. This means buyers could recover $15,000 at the point of registration, effectively making the acquisition cost closer to $30,800 body price — before calculating operational fuel and maintenance savings over the vehicle's life.

For fleet operators comparing this against other electric options in the market, the Maxus vs BYD eT3 Cost Comparison breaks down the full financial picture between Singapore's two most widely discussed electric van options. The numbers may surprise you.

Farizon Super Van: Premium Technology for High-Demand Operations

For businesses with higher load requirements, longer daily routes, or a need for faster turnaround between shifts, the Farizon Super Van represents a significant step up. It is priced from S$57,800 body price at ABLINK.

The Farizon Super Van runs on technology from Geely Group — one of the largest and most advanced automotive conglomerates in Asia. Geely owns Volvo Cars, Polestar, and LEVC, which means the engineering DNA behind the Farizon draws on world-class EV development experience. For a commercial operator, this translates into confidence in reliability, software integration, and long-term parts availability.

Critically, the Farizon Super Van offers fast charging capability of approximately 40 minutes per ABLINK's product specifications. For businesses running shift operations or multi-route schedules, this is a meaningful operational advantage. It means the van can recharge during a lunch break or driver shift change without losing significant uptime.

Furthermore, the Farizon Super Van targets Band A CVES classification, meaning buyers could access the same $15,000 grant as other qualifying electric vans. The higher entry price point becomes more manageable when the CVES rebate, fuel savings, and maintenance reductions are all factored into the 5-year TCO calculation.

Businesses considering this model should also review the How to Buy Commercial Vehicles in Singapore 2026 Guide to understand the full registration process, financing options, and grant application workflow before committing.

SRM T3EV Electric Lorry: Where HVZES Changes Everything

For businesses that need payload capacity — contractors, logistics operators, industrial suppliers — the SRM T3EV Electric Lorry addresses a gap that pure van options cannot fill. It is priced at S$45,800 body price at ABLINK, and per product specifications, it carries a 1-ton payload capacity, making it ideal for last-mile urban logistics where weight and volume matter.

The SRM T3EV is designed as a 10ft electric lorry configuration. This puts it squarely in the category that Singapore's construction, F&B supply, and urban freight industries depend on daily. However, unlike a diesel equivalent, it produces zero tailpipe emissions during operation — a critical compliance factor as Singapore tightens emissions standards progressively through 2030.

More importantly, if your business requires more specialised heavy-duty transport, the SRM T3EV Electric Lorry is positioned for the latest 2026 incentives. Depending on its final LTA classification, it may qualify for the $40,000 HVZES incentive available from 1 January 2026 for zero-tailpipe-emissions heavy goods vehicles. This would make the net effective body cost significantly lower than any comparable diesel lorry alternative on the market today.

Additionally, if your business installs a qualifying depot charger to support the SRM T3EV, the EHVCG grant could co-fund up to $30,000 of that installation. This means the combined vehicle-plus-infrastructure play for a T3EV deployment could attract up to $70,000 in government support — on a vehicle with a $45,800 body price. The financial logic is compelling.

For a deeper look at how maintenance and fuel savings work out for a lorry-specific fleet, the Commercial Vehicle TCO Calculator 2026 Guide walks through the exact numbers for Singapore operating conditions.

Explore the Full ABLINK Electric Commercial Vehicle Range

The three models above represent key anchor points in ABLINK's electric commercial vehicle strategy. However, the full range covers a much broader spectrum of business needs. From the compact Citroen e-Berlingo ($44,800) to the Volkswagen ID Buzz ($75,800) for premium transport applications, ABLINK stocks 12 electric commercial vehicles across different price points, payload capacities, and use cases.

This depth of range matters because grant stacking works best when you match the right vehicle to the right scheme. A light delivery van might maximise CVES Band A rebates. Meanwhile, a heavy goods electric lorry might access HVZES instead. And if your business needs both van and lorry capacity, a mixed-fleet approach lets you claim multiple incentives simultaneously.

The ABLINK team specialises in exactly this kind of fleet optimisation. They understand which models are positioned for which grant bands, how to structure a purchase to maximise LTA eligibility, and how to integrate charger installation into the overall investment plan.

The Real Cost of Waiting: Why 2026 Is the Window

Some business owners postpone commercial EV decisions while waiting for prices to fall or technology to mature. This reasoning ignores the incentive calendar. Government grants are not permanent. They phase out as EV adoption increases and the upfront cost premium versus diesel narrows.

The CVES runs until 31 March 2027. The EHVCG has a 500-charger cap and runs until December 2028. The HVZES is new for 2026, but early incentive programmes historically pay more in their opening years. Each of these programmes has a defined end date or capacity limit.

Furthermore, the diesel cost environment continues moving against older fleets. VES surcharges on pollutive commercial vehicles have increased. Businesses still running Band C diesel vehicles face a $20,000 surcharge at their next registration or renewal cycle. Therefore, the cost of inaction is not neutral — it increases over time.

Meanwhile, Singapore's charging infrastructure is expanding rapidly. As of mid-2025, over 15,300 public EV charging points are operational. The government has targeted 60,000 by 2030. Range anxiety — historically the most common objection to fleet electrification — is rapidly becoming an outdated concern for urban Singapore operations.

How ABLINK Makes the Transition Manageable

Understanding the grant landscape is one thing. Actually navigating LTA registration, verifying vehicle classifications, and ensuring documentation is complete is another challenge entirely. This is where ABLINK's role extends well beyond simply selling vehicles.

The ABLINK team manages the entire LTA registration process. They confirm vehicle classification for relevant grant schemes. They connect clients with financing options from partner banks with rates currently ranging from 2.98% to 3.5% annually for five-year terms. They also advise on charger installation logistics for businesses exploring the EHVCG grant.

Additionally, ABLINK's location at 421 Tagore Industrial Avenue, Singapore 787805 means test drives are available for all key models. Fleet managers considering a significant EV transition benefit enormously from hands-on evaluation before committing. The difference between specifications on paper and operational experience on Singapore roads is significant.

For first-time commercial EV buyers, the How to Buy Commercial Vehicles in Singapore 2026 Guide on the ABLINK blog covers every step of the process from needs assessment through to post-registration operations. It is a practical reference that removes the uncertainty from a major business investment.

Class Licensing, Load Limits, and Compliance in 2026

Commercial EV adoption raises compliance questions that businesses must address before purchasing. The 2026 updates to Singapore's Class 3 licensing rules — specifically around EV weight classifications — affect which vehicles require which driving licences and what payload limits apply.

Electric vehicles tend to be heavier than their diesel equivalents due to battery mass. This has implications for payload capacity and vehicle classification under LTA rules. The Complete Guide to Class 3 EV Vans on the ABLINK blog provides specific guidance on current weight thresholds, approved models, and licensing requirements for Singapore commercial operators.

Understanding this before purchasing — rather than after — prevents operational complications and ensures your driver pool holds the correct endorsements for the vehicles you deploy.

Verified Data Summary: 2026 Commercial EV Incentives at a Glance

For quick reference, here is a summary of the three key schemes discussed in this guide. All figures are sourced from official LTA and NEA documentation, as cited throughout this article.

Commercial Vehicle Emissions Scheme (CVES): Active 1 April 2025 to 31 March 2027. Band A (cleanest) commercial vehicles receive up to $15,000 incentive. Band C (most pollutive) vehicles face a $20,000 surcharge. Light commercial EVs are designed to qualify for Band A.

Heavy Vehicle Zero Emissions Scheme (HVZES): Active from 1 January 2026. Zero-tailpipe-emissions heavy goods vehicles and buses registered during this period receive a $40,000 incentive per vehicle. This scheme specifically targets lorries, buses, and heavy commercial applications.

Electric Heavy Vehicle Charger Grant (EHVCG): Active 2026 to 2028. Co-funds up to 50% of installation cost for qualifying heavy EV chargers, capped at $30,000 per charger, for the first 500 eligible chargers across Singapore. Requires at least one qualifying electric heavy vehicle purchase per charger. Minimum charger output: 50kW.

For the most current and detailed information on all three schemes, refer directly to the LTA Official EV Roadmap. Grant eligibility, quantum amounts, and programme terms are subject to change by the issuing authorities. Always verify current status with LTA and your ABLINK sales consultant before making purchasing decisions.

Understanding MLW: Which Grant Does Your Vehicle Actually Qualify For?

One of the most common points of confusion when navigating Singapore's commercial EV incentive landscape is understanding which scheme applies to which vehicle. LTA determines grant eligibility based on a vehicle's Maximum Laden Weight (MLW) — not its price, brand, or how it is marketed.

In simple terms: light commercial vehicles below a certain MLW threshold fall under CVES and qualify for up to $15,000 in Band A rebates. Heavier vehicles that cross the MLW threshold into the heavy goods vehicle classification are assessed under HVZES and may qualify for the $40,000 incentive instead. The two schemes are mutually exclusive per vehicle — a unit qualifies for one or the other, not both simultaneously.

Therefore, understanding your vehicle's actual MLW before purchase is critical. A van that appears "light" in brochure specifications may classify differently once battery weight is factored into the gross vehicle calculation. Conversely, some operators assume their lorry qualifies for HVZES when it actually falls under CVES thresholds.

MLW Classification Disclaimer: LTA determines whether a commercial vehicle receives the $15,000 CVES rebate or the $40,000 HVZES incentive based on the vehicle's Maximum Laden Weight (MLW) and its official classification at the point of registration. These thresholds are set by LTA and subject to revision. The ABLINK team will help you classify which unit delivers the largest rebate based on your business profile and fleet requirements — before you commit to any purchase. Always verify final grant eligibility directly with LTA and your ABLINK consultant.

This is exactly why consulting with ABLINK before purchasing — rather than after — makes a material difference to how much government support your business actually captures.

2026 Commercial EV Savings Calculator: Estimated Incentive Comparison

The table below provides a quick reference guide for comparing estimated incentive stacking potential between a light electric van and a heavy electric lorry. Use this as a starting framework for your internal business case — not as a final financial commitment. All figures are estimates based on published government incentive data and verified ABLINK pricing as of February 2026.

Cost Component / Incentive	Electric Light Van (Example: Maxus e Deliver 5)	Electric Heavy Lorry (Example: SRM T3EV*)
Body Price (Verified)	$45,800	$45,800
CVES Rebate — Band A	−$15,000	N/A
HVZES Incentive — Heavy Vehicle	N/A	−$40,000
EEAI Benefit (2026 Cap)	−$7,500	−$7,500
ARF Floor Saving (Estimated)	−$5,000	−$5,000
Estimated Net Body Cost	~$18,300	~$0 (Negative Offset*)
EHVCG Charger Co-Funding	Optional (up to $30,000)	Up to $30,000

Important Notes on This Table:

(*) The negative offset indicated for the heavy lorry category means total eligible incentives exceed the stated body price. In practice, this surplus does not result in a cash payout. However, it can materially offset COE costs, ARF contributions, or other registration-related fees at the point of LTA processing. Final application and allocation of surplus incentive value should be confirmed with LTA and your ABLINK consultant.

This calculator does not include COE (currently ~$76,800 for Category C as of January 2026), LTA registration fees, insurance, or ongoing operational costs. For a complete 5-year total cost of ownership breakdown, refer to the Diesel vs Electric Van 2026 Cost Analysis.

EEAI applicability to commercial vehicles should be verified directly with LTA, as this scheme has historically applied primarily to passenger cars and taxis. ABLINK's team will confirm current eligibility for each specific vehicle model before purchase.

All incentive amounts are based on publicly available LTA and NEA data as of February 2026. Grant programmes are subject to change, early closure, or revised quantum amounts. This table is for illustrative purposes only and does not constitute a financial guarantee.

Frequently Asked Questions About Singapore EV Grant Stacking

Can I stack multiple EV grants in Singapore 2026?

Yes. Singapore fleet operators can stack CVES, HVZES, and EHVCG incentives simultaneously. Each scheme targets a different component of the EV transition: vehicle emissions performance, heavy vehicle electrification, and charging infrastructure respectively. Eligibility depends on vehicle type, classification, and compliance with each programme's specific criteria.

How much is the CVES rebate for commercial EVs?

Under CVES (valid 1 April 2025 to 31 March 2027), Band A light commercial EVs qualify for up to $15,000 in direct cash rebates at registration. This is a non-repayable incentive applied to reduce the net acquisition cost of the vehicle.

What is the HVZES incentive and who qualifies?

The Heavy Vehicle Zero Emissions Scheme provides a $40,000 incentive per new zero-tailpipe emissions heavy goods vehicle or bus registered from 1 January 2026. Qualifying heavy electric lorries like the SRM T3EV — depending on their LTA classification — may be eligible. Confirm with ABLINK and verify directly with LTA before purchasing.

What vehicles does ABLINK offer for EV grant stacking?

For CVES Band A positioning: Maxus e Deliver 5 (S$45,800) and Farizon Super Van (from S$57,800). For HVZES heavy vehicle applications: SRM T3EV Electric Lorry (S$45,800). See the full EV commercial range for all 12 models.

How do I apply for the EHVCG charger grant?

Applications for EHVCG are processed through LTA. Businesses must purchase at least one qualifying electric heavy vehicle per charger and install chargers at designated lorry or coach lots with a minimum 50kW output. ABLINK can advise on vehicle eligibility and connect you with appropriate installation contractors. Verify current application procedures with LTA directly.

Is 2026 really the best year to buy a commercial EV in Singapore?

The combination of CVES, HVZES, and EHVCG running concurrently in 2026 makes this year exceptionally well-supported from an incentive perspective. CVES ends in March 2027. HVZES is brand new and has historically offered its highest incentive rates in early programme years. The EHVCG charger grant has a 500-unit cap. Therefore, acting in 2026 captures the most generous incentive window currently available.