Tesla starts offering purchase discounts for stock EVs in Singapore

Tesla has started offering discounts to buyers of electric cars in Singapore who agree to buy Model 3 or Model Y from existing inventory. A Tesla sales representative made this announcement on Monday.

The company is offering a $5,000 rebate to electric car buyers who replace their existing internal-combustion-engine vehicles. In addition, Tesla is providing a $5,000 loan to pay for the Singapore Certificate of Entitlement fee.

These incentives are available to customers who purchase a Model 3 or Model Y from existing inventory in Singapore. The offer is intended to encourage more people to switch to electric vehicles, which are seen as more environmentally friendly than traditional gasoline-powered cars.