Cost in the US: $59,490
Cost in Singapore: S$114,455 ($82,604), without COE
Unlike most car manufacturers in Singapore, Tesla does not include COE in its prices. Instead, it bids for the COE on the buyer’s behalf when the vehicle is ready for registration.
On average, Singapore is the most expensive country in the world to buy a Tesla, according to an index by InsideEVs. The US is the cheapest place to purchase the electric vehicle, per InsideEVs’ index.
Cars sold in North America are manufactured in Fremont, California, and Austin, Texas. In Singapore, the cars are shipped to the city-state from Tesla’s overseas factories around Asia.
Cost in the US: $20,425
Cost in Singapore: S$134,888 ($97,369)
Toyota is the best-selling car manufacturer in the US and Singapore. But prices in the city-state are four times more expensive than in the US, with a Corolla costing over $70,000 more in Singapore.
Cost in the US: $86,500
Cost in Singapore: S$516,777 ($373,033)
The flagship Audi vehicle costs four times more in Singapore than it does in the US. The high prices don’t seem to deter Singapore buyers: The German luxury car manufacturer was the seventh-most popular by sales in the city-state in 2021.
Cost in the US: $37,340
Cost in Singapore: S$226,999 ($163,801)
The Odyssey was the best-selling minivan in the US in 2021. Honda is also a best-seller in Singapore — it was the fourth-most popular car brand by registration in the city-state in 2021.
But there’s a huge gap in the prices of Honda vehicles, with the minivan retailing for more than four times more in Singapore than in the US.
Cost in the US: $75,000
Cost in Singapore: S$510,888 ($368,652)
The German luxury car manufacturer was the third-most popular brand in Singapore by sales in 2021. In the US, Mercedes finished second to Tesla as the most popular luxury car manufacturer by registration in 2021.
The E35 costs almost five times more in Singapore than it does in the US. In Singapore, luxury brands like Mercedes are subject to a 220% tax of a car’s open market value exceeding S$80,000 ($57,760).
