As Singapore moves steadily toward a more sustainable transport system, many drivers are weighing the practical differences between electric and petrol cars—not just for daily commutes, but also for longer-term arrangements like car leasing for 1 year. With government incentives favouring greener choices and rising fuel prices influencing rental decisions, it’s worth exploring which option is better suited for long-term hires.
The Rise Of Electric Vehicles In Singapore
Electric vehicles (EVs) have gained significant traction in recent years, supported by Singapore’s Green Plan 2030. With an expanding network of charging points and increased availability of EV models in the rental market, these cars are becoming a serious contender for renters who value sustainability and innovation. Unlike their petrol counterparts, EVs offer a cleaner, quieter, and often more cost-efficient driving experience—especially over extended rental periods.
Those considering yearly car rental in Singapore may find the cost savings on fuel and maintenance especially appealing. Electric cars, with fewer moving parts and no need for oil changes, typically require less upkeep. Furthermore, EVs qualify for reduced road tax and additional rebates under the Vehicular Emissions Scheme (VES), making them more attractive for budget-conscious renters.
Petrol Cars Still Hold Their Ground
Despite the shift toward electrification, petrol vehicles continue to dominate the roads. Their popularity largely stems from familiarity, ease of fuelling, and generally lower upfront costs. For some drivers, the convenience of a traditional petrol station and the assurance of established vehicle technology still outweigh the benefits of going electric.
When it comes to car leasing for 1 year, petrol cars often offer a broader selection in terms of brands, sizes, and features. This can be particularly useful for renters seeking flexibility or specific vehicle types that may not yet be available in electric variants. Moreover, for drivers covering long distances or those travelling to areas with limited charging infrastructure, petrol remains a more convenient choice.
Comparing Costs: Which Offers Better Value?
The financial implications of renting an electric or petrol car for a year are multi-faceted. EVs generally command a higher rental fee due to their purchase price and newness in the market. However, this can be offset by lower energy costs—charging is still cheaper than refuelling with petrol in most cases.
In contrast, petrol cars tend to have lower monthly leasing fees but higher running expenses due to fuel and more frequent servicing. Over the course of a year, the total cost of ownership can vary significantly depending on driving habits, distance covered, and access to charging points.
That said, rental companies in Singapore are increasingly offering competitive rates and packages for electric cars, especially to encourage longer-term hires. As such, those opting for yearly car rental in Singapore may find EVs to be more viable than they were just a few years ago.
Environmental And Policy Considerations
Singapore’s push towards a car-lite and greener future makes EVs more aligned with national goals. The Land Transport Authority (LTA) has committed to phasing out internal combustion engine vehicles by 2040, meaning that petrol car infrastructure may become increasingly limited in the years to come.
For environmentally conscious drivers or corporate lessees looking to align with sustainability targets, electric vehicles clearly present a more forward-looking choice. Leasing an EV for a year not only supports green transport but also helps reduce one’s carbon footprint without the long-term commitment of car ownership.
User Experience: Driving And Charging Convenience
In terms of driving experience, electric cars are known for their smooth acceleration and quiet operation, which many users find appealing. The downside, however, lies in charging time and availability. Although the EV charging network is growing, renters still need to consider whether they can easily access charging points near home, work, or frequently visited areas.
For petrol cars, refuelling is quick and widely accessible, making them less of a hassle for renters who prioritise convenience. However, when considering car leasing for 1 year, renters should weigh short-term convenience against long-term efficiency and savings.
The Verdict: Which One Should You Choose?
There’s no one-size-fits-all answer, as the better choice ultimately depends on your priorities. If you value lower emissions, long-term savings, and aligning with Singapore’s future transport vision, an electric car may be the better fit. On the other hand, if your driving habits involve long distances or areas without reliable charging infrastructure, a petrol car still offers reliability and ease.
For those looking into yearly car rental in Singapore, both electric and petrol options come with unique advantages. It’s essential to assess personal driving patterns, access to charging or fuelling points, and total cost over the leasing period.
Conclusion
Electric cars are clearly gaining momentum, offering greener, cost-effective alternatives for modern drivers. However, petrol vehicles continue to offer unmatched convenience and familiarity. If you’re considering car leasing for 1 year, take time to evaluate your needs and preferences before committing to either option.
Contact Eurokars Leasing today and explore the best vehicle to suit your lifestyle and goals.