Electric Lorry Singapore 2026: Incentives & Guide | ABLINK

Important notice: All figures and scenarios in this guide are indicative for 2026 and for general information only. Vehicle prices, incentives, and financing terms can change. Always confirm the latest details with ABLINK and the relevant authorities before making purchase decisions.

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Singapore's commercial vehicle market is undergoing its biggest shift in decades. Diesel costs continue rising, environmental regulations are tightening, and customers increasingly value sustainability. At the same time, the Singapore government is offering unusually generous support for businesses transitioning to electric commercial vehicles.

For fleet owners, the question in 2026 is no longer "Will EVs work for my business?" but "How quickly can I transition without disrupting operations—and how much government support can I capture before it expires?"

This guide explains what's actually available, what it costs, and how to make the transition work for your specific operations.

Government Incentives for Electric Commercial Vehicles: The $40,000+ Opportunity

Three government programs combine to create unprecedented financial support for commercial vehicle electrification in 2026. Understanding how they stack together—and their deadlines—is critical for planning.

Heavy Vehicle Zero Emissions Scheme (HVZES)

The HVZES represents the largest single incentive available for electric commercial vehicles. Designed specifically for heavy goods vehicles and buses, the scheme provides $40,000 per vehicle producing zero tailpipe emissions.

Eligibility period: 1 January 2026 through 31 December 2028

How it works: The $40,000 rebate applies during vehicle registration, reducing your upfront payment rather than requiring you to claim a refund months later. This immediate capital relief makes electric commercial vehicles accessible to SMEs that previously couldn't absorb the higher sticker prices.

Vehicle requirements: The vehicle must be classified as a heavy goods vehicle or bus by LTA and produce zero tailpipe emissions. Battery electric vehicles automatically qualify. Hybrid vehicles do not qualify, regardless of their emissions levels.

The scheme was designed to address the reality that commercial vehicles—especially heavy-duty ones—are among the hardest to electrify due to range, payload, and operational requirements. The $40,000 incentive closes most of the price gap between electric and diesel vehicles, making the total cost of ownership competitive from day one.

EV Early Adoption Incentive (EEAI): Last Call for 2026

The EEAI provides an additional 45% rebate on Additional Registration Fee (ARF), capped at $7,500 per vehicle. This program has been extended multiple times but is currently scheduled to end on 31 December 2026.

Critical timeline: Only vehicles registered between 1 January 2026 and 31 December 2026 qualify for EEAI.

Why timing matters: A business planning to electrify a five-vehicle fleet saves $37,500 by registering all vehicles before the deadline. Delay until 2027, and that $37,500 disappears entirely.

Ordering considerations: Electric commercial vehicle delivery times currently range from 2-4 months. Businesses ordering in late 2026 risk missing the December deadline due to delivery delays, COE bidding, or registration processing times. Conservative planning suggests ordering by mid-2026 to ensure registration before the cutoff.

Commercial Vehicle Emissions Scheme (CVES)

The CVES operates on a simple principle: reward clean vehicles, penalize polluting ones. The scheme uses emissions bands, with the cleanest vehicles receiving incentives and the highest emitters paying surcharges.

Operational period: Extended through 31 March 2027

Automatic qualification: All battery electric vehicles land in the best emissions band by definition, qualifying for the highest tier of CVES benefits.

For business owners, the key takeaway is straightforward: electric vehicles always sit on the "rewarded" side of this scheme, not the penalized side.

Combined maximum benefit: HVZES ($40,000) + EEAI ($7,500) + CVES benefits = over $47,500 in total support per vehicle registered in 2026.

For detailed information on current schemes and eligibility, refer to the LTA's official EV transition page and the Ministry of Transport's electric vehicle overview.

Electric Van Options: What's Actually Available in Singapore

ABLINK specializes in commercial vehicles for Singapore businesses, with a growing focus on electric vans for logistics, F&B, e-commerce, and B2B services. The current lineup balances entry-level value options with premium European models for businesses requiring longer range or brand positioning.

For complete specifications and current pricing, visit the ABLINK electric van collection page.

BYD eT3: Proven Technology for Daily Operations

The BYD eT3 represents serious electric van capability from a manufacturer with deep battery technology expertise. BYD's track record in electric vehicle battery development gives the eT3 credibility for businesses concerned about long-term battery performance.

Typical applications: Same-day delivery, F&B distribution, SME logistics, courier services

Operational strengths:

• Suitable for routes up to 150-200 km daily with typical loads

• Modern brand image supports "green delivery" positioning

• Established service network in Singapore

For businesses comparing electric versus traditional petrol vans, ABLINK's detailed BYD eT3 vs Nissan NV200 comparison guide examines the operational and financial differences, including real-world fuel savings and maintenance implications over a multi-year period.

Maxus e Deliver 3: Entry Point for Fleet Electrification

The Maxus e Deliver 3 typically serves as the most accessible entry point for businesses testing electric operations. Its competitive cargo volume and lower acquisition cost make it attractive for SMEs taking their first EV.

Typical applications: Courier services, e-commerce fulfillment, light logistics

Operational strengths:

• Large cargo volume for its class

• Lower capital requirement than premium EV vans

• Ideal as "pilot vehicle" for fleet electrification testing

Many businesses use the Maxus e Deliver 3 to validate EV operations on their specific routes before committing to larger fleet conversions. The lower financial risk makes it easier to gain organizational buy-in for the transition.

Citroen e-Berlingo: Premium Range and European Engineering

For businesses requiring maximum range, European build quality, or premium brand positioning, the Citroen e-Berlingo delivers the longest operational range in the compact electric van segment available through ABLINK.

Typical applications: High-value deliveries, premium B2B services, brand-sensitive client work

Operational strengths:

• Extended WLTP range supports longer routes without mid-day charging

• 100 kW DC fast charging enables rapid mid-day top-ups when needed

• Premium interior and features support professional brand image

ABLINK's comprehensive Citroen e-Berlingo Singapore 2026 review covers detailed specifications, real-world range testing, and use case recommendations.

Golden Dragon EV Van: Maximum Cargo Volume

The Golden Dragon EV Van serves a specific niche: businesses transporting high-volume but relatively lightweight cargo. Its cargo volume significantly exceeds other vans in similar price ranges.

Typical applications: Laundry services, furniture delivery, volumetric parcel distribution, wholesale goods

Operational strengths:

• Largest cargo volume in its price segment

• Reduces number of trips required for bulk deliveries

• Lower cost per cubic meter of cargo space

Businesses moving from multiple diesel van trips to fewer EV trips often find the Golden Dragon's volume capacity delivers operational efficiency beyond just fuel savings.

Real-World Range in Singapore Conditions

Manufacturer WLTP range figures don't reflect Singapore's operational reality: high temperatures, humidity, constant air conditioning, and stop-and-go traffic all reduce real-world range compared to laboratory testing.

For electric commercial vans operating in Singapore:

Daily routes under 150 km with normal loads: Most modern electric vans (BYD eT3, Maxus e Deliver 3, Citroen e-Berlingo) handle these routes comfortably with overnight charging, maintaining healthy battery reserve for unexpected detours.

Routes approaching 200 km with full loads: These require more careful route planning or mid-day opportunity charging (charging while loading/unloading or during lunch breaks). Premium models with longer range provide additional buffer.

Routes exceeding 200 km regularly: May still require traditional diesel vehicles or strategic placement of mid-route fast charging into operational workflows.

ABLINK's consultation process helps businesses model their specific routes, stop patterns, and charging access to determine realistic operational parameters before purchase. This route-based approach prevents range anxiety and ensures vehicles match actual operational needs.

Charging Infrastructure: From Strategy to Operations

Singapore's EV charging infrastructure has matured significantly. As of late 2025, over 15,000 charging points operate across the island, with government commitment to expand to 60,000 points by 2030. For commercial vehicle operators, the infrastructure question isn't "Can I charge?" but "What's the most cost-effective charging strategy for my operations?"

Depot Charging: Lowest Cost, Highest Control

Businesses with dedicated parking facilities typically find overnight depot charging delivers the lowest energy costs and greatest operational simplicity.

Typical setup: Install one or more AC chargers (7 kW to 22 kW) at your facility. Vehicles return each evening and charge overnight during off-peak electricity hours.

Energy costs: Off-peak electricity rates (approximately $0.20 per kWh) result in significantly lower operating costs compared to petrol or diesel. A vehicle traveling 30,000 km annually might cost around $150-200 monthly in electricity versus $600-800 monthly in petrol.

Installation considerations: Electrical infrastructure capacity may require upgrades depending on facility age and existing load. Installation costs for chargers and necessary electrical work typically range from $3,000-$12,000 per charging point depending on charger type and infrastructure requirements.

Charging time: Most electric vans fully charge overnight on 7 kW chargers (6-8 hours). Higher power 22 kW chargers reduce this to 3-4 hours.

Public Fast Charging: Backup and Flexibility

Singapore's expanding network of public fast chargers serves as backup infrastructure or enables mid-day charging for businesses without depot access.

Locations: Industrial estates, HDB car parks, shopping centers, and major logistics hubs increasingly feature DC fast chargers (50-120 kW).

Charging speed: 50 kW DC fast chargers can restore 20-80% battery capacity in 45-60 minutes. 100 kW chargers (available for vehicles supporting high charging rates like the Citroen e-Berlingo) reduce this to approximately 30 minutes.

Energy costs: Public fast charging typically costs $0.40-0.50 per kWh—higher than depot charging but still substantially cheaper than diesel or petrol per kilometer.

Best applications: Backup for unexpected range requirements, support for businesses without depot facilities, or mid-day top-ups for routes exceeding typical range.

Opportunity Charging: Zero Downtime Impact

Forward-thinking businesses integrate charging into existing operational downtime rather than creating new "charging time."

Loading/unloading charging: Install a fast charger at your warehouse or depot. While vans are loaded with goods (typical 30-60 minutes), the vehicle simultaneously charges, adding 40-80 km of range without creating new downtime.

Lunch break charging: Schedule driver lunch breaks at locations with fast charging. Drivers eat while vehicles charge, extending daily range by 60-100 km without impacting productivity.

Client site charging: Some businesses negotiate charging access at client facilities during service delivery, particularly for contractors working multi-hour projects at customer locations.

This operational integration of charging into natural workflow pauses eliminates the perception of EVs requiring "extra time" for charging.

Financing Electric Commercial Vehicles: Making the Numbers Work for SMEs

Even with $40,000+ in incentives, electric commercial vehicles require capital. Singapore's financial sector offers multiple structures designed specifically for SME commercial vehicle acquisition.

Hire Purchase: Traditional Path to Ownership

Hire purchase remains the most common financing method for commercial vehicles in Singapore, particularly for businesses wanting asset ownership.

Typical structure:

• Down payment: 20-30% of vehicle cost

• Interest rate: 2.5-3.5% per annum (green vehicle preferential rates often available)

• Tenure: 5-7 years

• Ownership: Transfers to business after final payment

Best suited for:

• Established businesses with steady cash flow

• Companies wanting assets on their balance sheet

• Businesses planning to keep vehicles for full COE period (10 years)

• Operations maximizing government incentive benefits

ABLINK works with multiple financial institutions to help businesses secure competitive hire purchase terms and navigate the documentation requirements.

Operating Lease: Flexibility Over Ownership

Operating leases appeal to businesses prioritizing cash preservation or concerned about technology risk with early-generation EVs.

Typical structure:

• No down payment required

• Fixed monthly fee (often includes maintenance and insurance)

• Tenure: 3-5 years

• End of term: Return vehicle or upgrade to newer model

Best suited for:

• Growing businesses preserving capital for core operations

• Companies uncertain about long-term EV technology trajectory

• Seasonal operations with variable revenue

• Businesses preferring operating expense versus capital expense for accounting purposes

Trade-offs: Operating leases provide flexibility but result in higher total cost over the full vehicle lifespan compared to ownership. The decision hinges on whether flexibility and risk transfer justify the premium.

Green Vehicle Financing: Preferential Terms

Major Singapore banks offer specialized financing for electric vehicles as part of sustainability initiatives. These programs typically feature:

• Higher loan-to-value ratios (80-90% versus 70-80% for conventional vehicles)

• Reduced interest rates for green assets

• Fast-track approval for LTA-certified EVs

• Fleet volume discounts for multiple vehicles

For detailed exploration of financing options, structures, and bank programs, ABLINK's Business Vehicle Financing Singapore Guide provides comprehensive comparison without overwhelming financial complexity.

Application-Specific Recommendations: Which Van for Which Business?

Different business models have different operational requirements. Matching vehicle characteristics to actual operational patterns delivers better outcomes than choosing based solely on price or brand.

E-commerce and Same-Day Delivery (50-150 parcels daily)

Typical requirements: High stop frequency, moderate daily mileage (100-150 km), cargo volume more critical than payload capacity

Recommended vehicles: Maxus e Deliver 3, Golden Dragon EV Van

Why they fit: Large cargo volume accommodates high parcel counts. Range easily covers typical delivery routes. Lower acquisition cost enables multi-vehicle fleet deployment. Frequent stops actually benefit from regenerative braking.

Operational advantage: Silent operation eliminates noise complaints during early-morning or late-evening residential deliveries.

F&B Distribution and Catering

Typical requirements: Temperature control capability, professional appearance, moderate daily mileage, urban routes

Recommended vehicles: BYD eT3, Citroen e-Berlingo

Why they fit: Refrigeration systems powered directly from vehicle battery eliminate engine idling. Professional brand image aligns with premium F&B positioning. Quiet operation supports early-morning wholesale deliveries without disturbing residential areas.

Operational advantage: Battery-powered refrigeration maintains temperature without fuel consumption during multiple-stop deliveries. No idling fines at loading zones.

For businesses in the food delivery sector, ABLINK's specialized F&B and Catering Vehicle Guide examines vehicle selection, temperature control options, and operational considerations specific to Singapore's food distribution industry.

High-Value Goods and Electronics Delivery

Typical requirements: Security features, professional appearance, reliable range, brand positioning

Recommended vehicles: Citroen e-Berlingo

Why it fits: Premium European brand signals quality and professionalism. Extended range reduces delivery delay risk. Advanced security features protect high-value cargo. Fast charging capability provides operational flexibility.

Customer perception: Customers paying premium prices for electronics or luxury goods appreciate delivery in a modern, professional vehicle rather than an aging diesel van.

Document and Corporate Courier

Typical requirements: Minimal payload, maximum stop frequency, professional appearance for CBD access

Recommended vehicles: Maxus e Deliver 3, BYD eT3

Why they fit: Lightweight cargo maximizes range. Frequent stops benefit from regenerative braking. Silent operation ideal for law firm and corporate office environments. Low operating costs support competitive courier pricing.

Market differentiation: Corporate courier services can market "zero-emission document delivery" to sustainability-focused law firms and corporations, supporting premium pricing while actually reducing operating costs.

Traditional Lorries for Heavy-Duty Applications

While electric van technology has matured rapidly, heavy-duty lorry electrification remains in earlier stages. For applications requiring serious payload capacity (2,000+ kg) or unpredictable long-distance routes, traditional diesel lorries remain practical.

ABLINK's traditional lorry lineup includes proven platforms:

Toyota Dyna and Hino Dutro: Workhorse Y-plate lorries for construction, wholesale distribution, and heavy goods transport. ABLINK's Toyota Dyna vs Hino Dutro comparison guide examines which platform better serves different operational requirements.

Isuzu N-Series and Mitsubishi Canter: Medium-duty lorries for applications requiring maximum payload or towing capability. For businesses choosing between these platforms, the Isuzu N-Series vs Mitsubishi Canter guide provides detailed operational comparison.

Hybrid fleet strategy: Many construction and logistics companies deploy mixed fleets—electric vans for predictable urban routes, diesel lorries for heavy loads and long-distance work. This captures available EV incentives while maintaining operational flexibility for unpredictable requirements.

COE Renewal vs New Vehicle Purchase: The 2026 Decision Point

For businesses with vehicles approaching 10-year COE expiration in 2026, the renewal-versus-replacement decision has shifted dramatically due to EV incentives.

Traditional COE Renewal Economics

Scenario: Your 2016 diesel van reaches COE expiration in 2026.

Option 1 - Renew COE:

• COE renewal cost: approximately $75,000-80,000 (based on current Category C levels)

• Expected additional operational life: 5-7 years

• Fuel costs over next 5 years: significant and rising

• Maintenance costs: increasing with vehicle age

• Residual value after second COE: minimal

Option 2 - Replace with Electric Van:

• New EV cost after incentives: substantially reduced by $40,000+ government support

• Scrap old vehicle: PARF/COE rebate if eligible

• Fuel costs over next 5 years: dramatically lower (electricity vs petrol/diesel)

• Maintenance costs: substantially lower (no engine oil, transmission service, exhaust system)

• Warranty coverage: 3-5 years typically

• Residual value after 5 years: better for low-mileage EVs

2026 advantage: Businesses replacing vehicles in 2026 capture full EEAI benefits ($7,500). Delay until 2027, and that advantage disappears.

For businesses with multiple vehicles at different COE ages, strategic replacement prioritization can maximize incentive capture:

1. Replace vehicles expiring in 2026 first (capture full incentives)

2. Prioritize highest-mileage vehicles (lowest remaining operational life)

3. Replace highest fuel consumption vehicles (maximize operational savings)

Comprehensive Vehicle Selection Guide

For businesses navigating the full spectrum of commercial vehicle decisions—not just electric versus diesel, but vehicle size, payload, configuration, and financing—ABLINK's comprehensive 2026 Commercial Vehicle Guide provides structured decision frameworks.

Additional specialized guides include:

How to Buy Commercial Vehicles Singapore 2026: Step-by-step purchase process, documentation requirements, COE bidding, and registration procedures.

Toyota Hiace Singapore Buyers Guide: For businesses requiring passenger+cargo versatility or crew transport.

Diesel vs Electric Van Cost Analysis: Detailed total cost of ownership modeling over typical business ownership periods.

Browse Current Inventory and Pricing

ABLINK maintains transparent pricing and detailed specifications for all vehicles. Current inventory spans electric vans, traditional vans, and heavy-duty lorries.

Electric vehicles: View complete specifications, pricing, and availability on the commercial electric vehicle page.

Full inventory: Browse the complete vehicle collection to compare options across all segments.

Latest updates: The ABLINK commercial vehicle blog provides ongoing guides, market updates, and industry-specific applications.

Getting Started: Consultation and Next Steps

Transitioning commercial vehicle operations doesn't require making decisions alone. ABLINK provides consultation on vehicle selection, financing structures, charging infrastructure, and government incentive applications at no charge.

Contact ABLINK:

• Website: ablink.sg

• Phone: +65 8946 8228

• Location: 421 Tagore Industrial Avenue, Singapore

What to expect from consultation:

1. Operational requirements analysis based on your actual routes and usage

2. Vehicle recommendations matched to specific use cases

3. Financing options and bank partnership guidance

4. Charging infrastructure planning

5. Government incentive application process explanation

6. Timeline planning to meet EEAI deadline if relevant

Why 2026 Matters

The convergence of mature EV technology, extensive charging infrastructure, documented operational savings, and maximum government incentives makes 2026 a critical decision point for Singapore commercial fleets.

The financial reality: Government incentives of $40,000+ per vehicle available through 2026 (with EEAI component expiring December 31) represent capital support unlikely to be sustained indefinitely. Operating cost advantages continue long after incentives end, but the upfront capital relief maximizes return on investment.

The competitive reality: Early adopters capture cost advantages that compound over time. Brand positioning as "green" or "sustainable" increasingly influences B2B purchasing decisions and consumer preferences.

The timeline reality: Vehicles must be registered by December 31, 2026 to capture EEAI benefits. Given 2-4 month delivery times plus COE procurement and registration processing, conservative planning suggests finalizing orders by mid-2026.

The transition to electric commercial vehicles is no longer a future consideration—it's a 2026 opportunity with quantifiable benefits and approaching deadlines. Businesses beginning assessment now can make optimal decisions within the critical window. Those who delay risk losing both financial incentives and competitive positioning.

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All information in this guide is indicative and subject to change. Consult ABLINK and relevant government authorities for the latest pricing, specifications, and incentive program details before making purchase decisions.