Discount Opportunities: Popular Honda Models to Buy Before VES/EEAI Changes
With Singapore’s latest VES (Vehicle Emissions Scheme) and EEAI (Early Electric Vehicle Adoption Incentive) updates, petrol and hybrid cars will face higher surcharges and lose rebates from 2026 onwards. Electric vehicles (EVs), on the other hand, will continue to enjoy incentives.
This means right now is a rare opportunity to secure better deals on selected petrol and hybrid models, as dealers may roll out discounts to move stock before the new rules take effect.
Key Updates at a Glance
1. VES Extended with EV-Only Rebates
From 1 January 2026 to 31 December 2027, the VES will be extended — but with a major change: only fully electric vehicles will qualify for rebates. Hybrid models will no longer receive incentives, and petrol cars with higher emissions will face steeper surcharges.
2. EEAI Extended, But with a Lower Cap
The EEAI, offering subsidies for electric vehicle buyers, will continue until end of 2026. However, the rebate is halved from $15,000 to $7,500. After 2026, the incentive will be discontinued.
3. Combined Savings Remain Attractive
With the updated VES and EEAI, fully electric cars registered in 2026 can enjoy up to $30,000 in ARF savings, while savings for 2027 drop to $20,000. The zero Additional Registration Fee (ARF) floor for EVs remains intact until end-2027.
4. Short-Term COE Price Spike Expected
-The announcement may lead to a short-term surge in Certificate of Entitlement (COE) prices, as buyers rush to secure EVs before rebates shrink. Car buyers are urged to bid wisely for COEs.
Which Cars May Have Discount Advantage
Here are some models where promotions or package deals are likely to be more attractive in the coming months:
- Honda Vezel
Already available with strong promotions like monthly from $1,000 with 0 downpayment, 10-year warranty, and free servicing. A smart choice if you want SUV practicality without committing to EV costs yet. - Honda WR-V
A compact SUV that fits urban drivers. With future surcharges on petrol cars, dealers are expected to release attractive loan or insurance bundles to keep this model competitive. - Honda Fit
Known for its practicality and low running cost, the Fit remains a popular small hatchback. Expect promos like lower upfront downpayment, interest-rate perks, or bundled insurance. - Toyota Sienta
Competing in the same MPV segment, this model is also likely to receive price support from dealers. Good for families and PHV drivers who need 7-seater versatility. - Toyota Alphard
As a premium MPV, the Alphard may also see dealer promotions before higher VES surcharges take effect. Known for its luxury cabin, captain seats, and strong resale value, it appeals to families and executives who want comfort and status at a better entry price.
-
Other Models
Similar petrol and hybrid SUVs or MPVs may also qualify for discounts, especially if dealers need to clear stock.
Why Buying Now Makes Sense
- Avoid Higher Surcharges – Petrol and hybrid cars will soon lose rebates and face higher penalties.
- Dealer Promotions – To clear current stock, dealers are likely to offer attractive all-in packages.
- Stable Loan & COE Period – Locking in financing before demand shifts can save thousands long term.
- Better Depreciation Value – Entering at a discounted price cushions future resale value.
Final Thoughts
For buyers who want Honda Vezel Petrol, WR-V, or Fit (plus similar compact SUVs and MPVs), this is a key moment to explore promotions. As EV incentives change and petrol cars become costlier, securing a discount today can make your overall ownership costs much lower.
If you’re unsure which car works best for your budget, contact us — we’ll help you calculate monthly payments, compare packages, and lock in the most cost-effective deal before the policy changes take effect.
