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Tesla offers discount in Singapore on EVs in inventory

SINGAPORE — Tesla has begun offering discounts to electric vehicle buyers in Singapore who agree to purchase existing inventory of the Model 3 or Model Y, a company sales representative said on Monday (Jan 9).

A Tesla model 3 car is seen in their showroom in Singapore Oct 22, 2021.

A Tesla model 3 car is seen in their showroom in Singapore Oct 22, 2021.

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SINGAPORE Tesla has begun offering discounts to electric vehicle buyers in Singapore who agree to purchase existing inventory of the Model 3 or Model Y, a company sales representative said on Monday (Jan 9).

Tesla is offering a discount of US$5,000 (S$6,600) for electric vehicle purchasers who trade in an existing internal combustion vehicle and another US$5,000 credit against the cost of the Certificate of Entitlement (COE) to operate a car in Singapore.

In addition, for qualified buyers who have a place for home installation, Tesla will provide the wall connector for charging, although the consumer has to pay for the cost of installation.

The limited-term discounts in Singapore come just days after Tesla cut prices in China, South Korea, Japan and Australia. REUTERS

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