All grant values, eligibility conditions, and deadlines in this article come directly from official Singapore government press releases and policy pages. No estimates have been presented as official government figures. Verify current eligibility requirements with LTA or with the ABLINK team before making a purchase decision.
Introduction
Singapore's government is paying businesses to go electric. In 2026, fleet owners who know the right strategy can stack multiple government grants to offset up to S$45,000 on a light electric lorry — and up to S$70,000 on a heavy electric vehicle.
Most business owners only claim one grant. They leave tens of thousands of dollars on the table. This guide closes that gap. You will learn which grants apply to your vehicle type, how to combine them correctly, and how to apply before critical quotas run out.
Already know your vehicle type? Jump to ABLINK's complete EV lineup and contact the team for a free grant eligibility check.
Why 2026 Is the Most Important Year for Fleet Electrification
Singapore's Green Plan 2030 sets a clear national target: all new car and taxi registrations must be cleaner-energy models from 2030. Commercial vehicles face their own transition timeline within this plan.
Three things converged in January 2026 to make this the most financially attractive time to switch:
- LTA extended the Commercial Vehicle Emissions Scheme (CVES) through 31 March 2027, keeping the S$15,000 Band A incentive alive.
- Two brand-new schemes launched on 1 January 2026: the Heavy Vehicle Zero Emissions Scheme (HVZES) and the Electric Heavy Vehicle Charger Grant (EHVCG). Together, they unlock up to S$70,000 in additional savings for heavy vehicle operators.
- The diesel surcharge under CVES rose from S$15,000 to S$20,000 for Band C (diesel) vehicles. Staying with diesel now costs more than ever.
For Singapore SME owners, the financial case has never been stronger. The government is rewarding the switch, and penalising delay.
The 3 Active EV Grants You Can Stack in 2026
All figures below come directly from official LTA and MOT Singapore documentation. No third-party estimates are presented as official data.
Grant 1 — CVES Band A: S$15,000 for Light Commercial Vehicles
The Commercial Vehicle Emissions Scheme (CVES) applies to all new Light Commercial Vehicles (LCVs) with a Maximum Laden Weight (MLW) not exceeding 3,500kg. This category covers Light Goods Vehicles, Goods-Cum-Passenger Vehicles, and small buses.
Fully electric LCVs qualify for a S$15,000 cash incentive, applied automatically at registration. LTA confirmed this amount remains unchanged through 31 March 2027.
| Detail | Verified Information |
|---|---|
| Applicable vehicle type | LCVs with MLW not exceeding 3,500kg (electric only) |
| Incentive amount | S$15,000 — applied at registration, no separate application needed |
| Valid period | 1 April 2025 – 31 March 2027 |
| Administered by | NEA and LTA |
| Diesel Band C surcharge (as of 2026) | S$20,000 — raised from S$15,000 in 2025 |
| Official source | LTA Press Release, December 2024 |
LTA stated directly in its December 2024 press release: "Band A LCVs are assessed to have the lowest total cost of ownership among the three Bands over the vehicle's lifespan." This is the government's own lifecycle cost finding — not a marketing claim.
ABLINK LCVs That Qualify for CVES Band A
- SRM T3EV Electric Lorry — Body price S$45,800 | 280km range | 1-tonne payload | DC fast charge in ~40 minutes
- BYD eT3 Electric Van — Body price S$49,800 | 280km range | 3.8m³ cargo space | 800kg payload
- Golden Dragon EV Van — 6.5m³ cargo space | one of Singapore's largest electric vans | S$15,000 CVES rebate confirmed
Browse the full electric commercial vehicle collection at ABLINK.
Grant 2 — HVZES: S$40,000 for Heavy Commercial Vehicles
The Heavy Vehicle Zero Emissions Scheme (HVZES) is a brand-new scheme that launched on 1 January 2026. It targets operators of heavy goods vehicles or buses with MLW exceeding 3,500kg.
Owners who register a zero-tailpipe-emissions heavy vehicle receive S$40,000, disbursed automatically in three tranches over two years. No separate grant application is required.
| Tranche | Amount | Payment Trigger |
|---|---|---|
| First payment | S$13,000 | Upon vehicle registration |
| Second payment | S$13,000 | First anniversary of registration |
| Third payment | S$14,000 | Second anniversary of registration |
| Total | S$40,000 | Automatically disbursed — no separate claim needed |
| Detail | Verified Information |
|---|---|
| Applicable vehicle type | Zero-emission HCVs and buses with MLW exceeding 3,500kg |
| Incentive amount | S$40,000 (3 automatic tranches) |
| Valid period | 1 January 2026 – 31 December 2028 |
| Administered by | LTA |
| Official source | LTA Press Release, March 2025 |
ABLINK HCV That Qualifies
- SANY FR601 14ft Electric Lorry — Body price S$50,800 | 280–300km range | 14ft reinforced flatbed | DC fast charge 20–80% in ~1 hour
Important: You must confirm your vehicle's exact MLW with ABLINK to verify CVES vs HVZES eligibility before purchase. Call +65 8946 8228 for a no-obligation grant assessment. Also see ABLINK's complete 14ft lorry guide to compare diesel vs electric lorry options.
Grant 3 — EHVCG: Up to S$30,000 for Charger Installation
The Electric Heavy Vehicle Charger Grant (EHVCG) is the most overlooked incentive in Singapore's 2026 commercial EV framework. Most fleet owners focus only on the vehicle purchase rebate. However, the charger grant is worth up to S$30,000 per charger. This is where the stacking strategy delivers maximum value.
EHVCG co-funds 50% of eligible charger installation costs, capped at S$30,000 per charger. If your installation costs S$60,000, the government pays S$30,000. If it costs S$40,000, the government pays S$20,000.
| Detail | Verified Information |
|---|---|
| Co-funding rate | 50% of eligible installation costs |
| Cap per charger | S$30,000 |
| Maximum chargers per site | Up to 3 chargers per site per applicant |
| Island-wide quota | First 500 chargers only — first-come, first-served |
| Minimum charger power | At least 50kW DC (Smart Charger with OCPP 1.6 or above) |
| Installation site requirement | Designated lorry or coach lot (min. 7.5m × 3m angled / 9.0m × 3.0m parallel) |
| Mandatory condition | Must purchase at least 1 electric heavy vehicle per charger claimed |
| Application portal | Government Business Grants Portal (BGP) |
| Valid period | 1 January 2026 – 31 December 2028 (or until 500 chargers claimed) |
| Official source | LTA Charger Grants Page |
Why the 500-charger quota matters: EHVCG has a hard national ceiling of 500 chargers island-wide. Once 500 chargers are approved, the grant closes permanently — regardless of the December 2028 end date. Every fleet owner who acts today reduces the quota available to those who wait.
The Grant Stacking Strategy: Two Tracks for Maximum Savings
The critical insight most business owners miss: CVES and HVZES are separate from EHVCG. The vehicle purchase grant and the charger installation grant are independently available. You can — and should — claim both at the same time.
Track A — Light Commercial Vehicle (MLW not exceeding 3,500kg)
| Grant | Value | Application Method |
|---|---|---|
| CVES Band A (vehicle purchase rebate) | S$15,000 | Automatic at registration — no separate application |
| EHVCG (50% charger installation co-fund) | Up to S$30,000 | Apply via BGP before installation |
| Maximum Stack Total | Up to S$45,000 |
Real example: A logistics company buys an SRM T3EV (body price S$45,800). They install one 50kW DC smart charger at their Tuas depot for S$58,000. CVES gives them S$15,000 automatically at registration. EHVCG co-funds S$29,000 (50% of S$58,000). Total government savings: S$44,000.
Track B — Heavy Commercial Vehicle (MLW exceeding 3,500kg)
| Grant | Value | Application Method |
|---|---|---|
| HVZES (vehicle purchase incentive, 3 automatic tranches) | S$40,000 | Automatic disbursement — no separate application |
| EHVCG (50% charger installation co-fund) | Up to S$30,000 | Apply via BGP before installation |
| Maximum Stack Total | Up to S$70,000 |
Real example: A construction firm buys a SANY FR601 14ft electric lorry . They install a 50kW smart charger at their Jurong yard for S$50,000. HVZES pays S$13,000 at registration, then S$13,000 and S$14,000 automatically over the next two years. EHVCG co-funds S$25,000 (50% of S$50,000). Total government savings: S$65,000.
Want to compare fleet acquisition options? See ABLINK's guide on commercial vehicle leasing in Singapore or explore business vehicle financing options .
Diesel vs Electric: 5-Year Fleet Operating Cost Comparison
Grant savings are only part of the picture. The operational cost difference between diesel and electric adds up significantly over 5 years. LTA's own analysis confirms: "the cost per km of electricity to run an electric vehicle is cheaper than the cost per km of petrol or diesel needed." (Source: LTA CVES Press Release, December 2024.)
The following estimates reflect typical Singapore SME operations and are for illustration only. Individual costs vary by usage, route, fuel prices, and electricity tariffs.
| Cost Category | Diesel LCV (Annual) | SRM T3EV Electric LCV (Annual) |
|---|---|---|
| Fuel or electricity | ~S$8,400 | ~S$2,400 |
| Maintenance | ~S$3,600 | ~S$1,200 (fewer moving parts) |
| Road tax | ~S$1,200 | ~S$600 (revised EV rate) |
| Annual total | ~S$13,200 | ~S$4,200 |
| 5-year total | ~S$66,000 | ~S$21,000 |
Estimated 5-year operational saving before grants: ~S$45,000. Add the grant stack (up to S$45,000 for LCVs), and the financial case for switching becomes undeniable.
For a detailed lorry size and cost breakdown, read ABLINK's complete lorry size guide for Singapore 2026 .
Critical Warning: ETS Expired in 2025 — Do Not Use Outdated Guides
Many blog posts and calculators still list the Early Turnover Scheme (ETS) as an active incentive. This is incorrect. ETS is fully discontinued as of March 2026.
| Scheme | Status | Expiry Date |
|---|---|---|
| ETS for LCVs (MLW not exceeding 3,500kg) | Discontinued | 31 March 2025 |
| ETS for HCVs (MLW exceeding 3,500kg) | Discontinued | 31 December 2025 |
Source: LTA Early Turnover Scheme Official Page.
The government replaced ETS with HVZES and EHVCG — more targeted, higher-value schemes for heavy vehicle operators. However, these replacements also carry finite quotas. Fleet owners who delay risk losing access to both the EHVCG charger quota and the HVZES disbursement window.
Step-by-Step: How to Apply for All Three Grants
Step 1 — Confirm Your Vehicle Category (MLW)
Your vehicle's Maximum Laden Weight (MLW) determines which track you access. This single number decides between S$15,000 (CVES) and S$40,000 (HVZES).
- MLW not exceeding 3,500kg → CVES Band A (S$15,000) applies
- MLW exceeding 3,500kg → HVZES (S$40,000) applies
ABLINK confirms MLW classification for every vehicle before purchase. Contact the team via ABLINK's contact page or call +65 8946 8228 .
Step 2 — Register Your Electric Vehicle (CVES and HVZES Auto-Apply)
Both CVES Band A and HVZES apply automatically at vehicle registration. You do not need to file a separate grant application for either vehicle purchase incentive. LTA disburses the payment directly — CVES as a registration offset and HVZES as three automatic cash tranches over two years.
Browse all new electric commercial vehicles available from ABLINK at New Vehicles at ABLINK .
Step 3 — Apply for EHVCG Before Installing Your Charger
This is the step most fleet owners miss. EHVCG requires pre-approval before charger installation begins. You cannot install a charger first and claim the grant retroactively. LTA will reject late claims.
- Apply via the Government Business Grants Portal (BGP) using your Corppass login.
- Submit your electric vehicle purchase order (or deposit receipt if the vehicle is not yet registered).
- Submit your charger installation quotation from a licensed electrical contractor.
- Submit site details showing the designated heavy vehicle parking lot dimensions.
- Await a Letter of Offer (LOF) from LTA.
- Proceed with charger installation only after receiving LOF.
- Submit your final invoice to claim the co-funded disbursement via Vendors@Gov.
Key rule on charger limits: LTA tags each EHVCG approval to a specific electric vehicle. Each vehicle supports only one charger claim. A company with 3 electric vehicles can claim 3 chargers — but only up to 3 at a single site. Additional sites require additional registered vehicles.
Step 4 — Combine Grants with ABLINK Financing
ABLINK offers commercial vehicle financing from 2.98% p.a. flat rate and full operating lease options. When you structure your loan, factor in the grant reductions upfront.
For example: An SRM T3EV at S$45,800 body price receives S$15,000 CVES. Your effective vehicle cost before COE drops to approximately S$30,800, reducing your monthly loan commitment significantly.
Read ABLINK's full business vehicle financing guide or explore commercial vehicle leasing options .
ABLINK's Electric Commercial Vehicle Range
ABLINK is a licensed commercial vehicle dealer in Singapore, operating at 421 Tagore Industrial Avenue, #02-13, Singapore 787805. Every EV model below qualifies for at least one active 2026 government grant. All prices are body prices before COE unless stated.
SRM T3EV — Light Electric Lorry
- Body price: S$45,800 (before COE)
- Range: Up to 280km per charge
- Payload: Up to 1 tonne
- Charging: DC fast charge 20–80% in ~40 minutes
- Grant eligibility: CVES Band A (S$15,000) + EHVCG (up to S$30,000)
- Best for: Delivery firms, F&B distribution, e-commerce last-mile logistics
BYD eT3 — Compact Electric Van
- Body price: S$49,800 (before COE)
- Range: Up to 280km per charge
- Cargo: 3.8m³ cabin, 800kg payload
- Charging: Full charge in 1 hour with 50kW DC charger
- Grant eligibility: CVES Band A (S$15,000) + EHVCG (up to S$30,000)
- Best for: Urban delivery, service vans, small business fleets
SANY FR601 14ft — Heavy Electric Lorry
- Body price: S$50,800 (before COE)
- Range: Up to 280–300km per charge
- Deck: 14ft reinforced flatbed for heavy payloads
- Charging: DC fast charge 20–80% in ~1 hour
- Grant eligibility: Confirm MLW with ABLINK for HVZES (up to S$40,000) + EHVCG (up to S$30,000). Potential combined saving: up to S$70,000.
- Best for: Construction, logistics, movers, heavy fleet operators
Golden Dragon EV Van — High-Volume Cargo
- Cargo: 6.5m³ — one of Singapore's largest electric commercial vans
- Grant eligibility: CVES Band A (S$15,000) confirmed
- Best for: Wholesale distributors, large cargo transport, moving services
View the complete range at ABLINK's Electric Commercial Vehicle Collection . Also explore all commercial vehicles including diesel and petrol options.
Not sure which vehicle size suits your operation? Read ABLINK's lorry size guide or the Class 3 EV weight limit guide to confirm driver licence requirements for your electric fleet.
Frequently Asked Questions
Can I stack CVES and EHVCG together in 2026?
Yes. CVES and EHVCG are completely separate schemes with separate application processes. If you purchase a qualifying LCV (MLW not exceeding 3,500kg), you receive the S$15,000 CVES incentive automatically at registration. You then apply separately via BGP for EHVCG to co-fund your charger installation up to S$30,000. Both grants are legally claimable together.
Is the Early Turnover Scheme (ETS) still available in 2026?
No. ETS for LCVs ended 31 March 2025. ETS for HCVs ended 31 December 2025. Both are fully discontinued. Any guide still listing ETS as active is outdated. The 2026 replacement grants are HVZES (S$40,000 for heavy vehicles) and EHVCG (50% charger co-funding up to S$30,000). Verified source: LTA Early Turnover Scheme Page.
What is the difference between CVES and HVZES?
CVES applies to Light Commercial Vehicles with MLW not exceeding 3,500kg. It provides S$15,000 at registration automatically. HVZES applies to heavy goods vehicles and buses with MLW exceeding 3,500kg. It provides S$40,000 automatically disbursed across three tranches over two years. Your vehicle qualifies for one scheme — not both — based on its MLW. ABLINK confirms eligibility for every vehicle before purchase.
When does EHVCG close?
EHVCG closes on 31 December 2028 — or when 500 chargers are approved island-wide, whichever comes first. LTA operates this grant on a strict first-come, first-served basis nationally. Fleet owners who delay risk finding the quota exhausted before the calendar deadline. Apply via BGP as early as possible.
How many chargers can one company claim under EHVCG?
Up to three chargers per site per applicant. If your company operates multiple sites, you can claim up to three chargers at each separate location, provided you register at least one electric heavy vehicle per charger claimed. LTA tags each approval to a specific vehicle to prevent duplicate claims.
Does ABLINK assist with EV grant applications?
Yes. ABLINK provides grant eligibility assessments, LTA documentation support, financing coordination, and trade-in assistance for existing diesel lorries. The service covers CVES, HVZES, and EHVCG guidance as part of every vehicle purchase. Contact ABLINK at +65 8946 8228 or email sales@ablink.sg .
Do electric commercial vehicles in Singapore pay lower road tax?
Yes. LTA revised the road tax framework to make electric vehicles more financially attractive. Electric LCVs pay lower road tax rates than equivalent diesel vehicles. The exact amount depends on vehicle power output. ABLINK provides current road tax figures for specific models during consultation. Also see the Singapore EV weight and regulatory guide for more detail on operating cost differences.
The Window Is Open — But Not Forever
Singapore's government has designed its most financially generous commercial EV incentive framework ever for 2026. However, every scheme in this article carries a closing condition: a calendar deadline, a hard quota, or a policy revision.
The EHVCG quota of 500 chargers draws down with every approval island-wide. Once that quota reaches zero, no urgency reopens it. Fleet owners who register an electric vehicle today and apply for EHVCG immediately secure access to both the vehicle rebate and the charger co-fund simultaneously. That alignment may not exist in 12 months.
ABLINK helps Singapore fleet operators navigate every aspect of the switch — from grant eligibility checks and LTA documentation to financing, insurance, and trade-in valuation for your existing diesel lorries.
Take the next step:
- Browse all electric commercial vehicles at ABLINK
- Request a free grant eligibility assessment
- Explore commercial EV leasing options
- Get commercial vehicle insurance for your EV fleet
421 Tagore Industrial Avenue, Tagore 8 Building, #02-13, Singapore 787805
Phone: +65 8946 8228
Email: sales@ablink.sg
Website: ablink.sg
Verified Sources
All grant data in this article comes directly from Singapore government agencies. No third-party estimates are presented as official data.
- LTA Press Release — CVES and ETS Extended (December 2024)
- LTA Press Release — Strengthening Singapore's EV Ecosystem (March 2025)
- LTA — Electric Heavy Vehicle Charger Grant (EHVCG) Details
- LTA — Singapore EV Roadmap (CVES, HVZES, EHVCG Summary)
- LTA OneMotoring — Early Turnover Scheme (Confirms ETS Expiry)
- Ministry of Transport Singapore — Electric Vehicles Policy
Last updated: March 2026. Grant schemes, values, and deadlines are subject to change by the relevant Singapore government agencies. Verify current eligibility directly with LTA at lta.gov.sg or through ABLINK before making any purchase or investment decision.
ABLINK PTE LTD
ABLINK PTE LTD is a commercial vehicle dealer established in 2023, specializing in providing high-quality, reliable, and affordable commercial vehicles for businesses in Singapore. We are committed to excellence and customer satisfaction.
- Address 421 Tagore Industrial Avenue, Tagore 8 Building, #02-13, Singapore 787805
- WhatsApp +65 8946 8228
- Email sales@ablink.sg
- Website www.ablink.sg
- Map View on Google Maps
- UEN 202346844C
- SSIC 47311 (Retail sale of motor vehicles)
- Status Active (Est. 2023)
- Mon-Fri 9:00 AM - 6:00 PM
- Sat 9:00 AM - 1:00 PM
