Snafu Ventures

An Overview of Singapore's EV Market According to Statista, in 2025, the Electric Vehicle (EV) market in Singapore is projected to reach a revenue of US$223.2M and is expected to exhibit a compound annual growth rate (CAGR 2025-2029) of 7.13%, resulting in a projected market volume of US$294.0M by 2029. Singapore’s EV market is quickly becoming a cornerstone of the nation's sustainability strategy. With the government’s Green Plan 2030, which aims to phase out internal combustion engine vehicles by 2040, Singapore is setting itself up to lead the region in green transportation. The government’s significant investments in EV infrastructure—targeting 60,000 charging points by 2030—along with attractive tax incentives and green bonds, are creating a fertile environment for investment. The market is composed of 3 key segments:  1. The EV manufacturing and distribution network, including both established global automakers and emerging local players, which could be ripe for consolida...

Singapore as Access to ASEAN Markets by Foreign Investors Geostratic Position Singapore's premier location at the nexus of Southeast Asia positions it as an essential hub for intra-ASEAN trade and global commerce. The ASEAN Economic Community (AEC), with a collective GDP of USD 3.67 trillion as of 2025 and a demographic base of over 698 million, representing a burgeoning market of unparalleled scale and potential. Leveraging its status as a financial and logistical nexus, Singapore enables seamless access to high-growth regional markets, including Vietnam, Indonesia, and the Philippines, which exhibit some of the most dynamic expansion rates globally. Regional Integration and Trade Agreements Singapore capitalises on an expansive network of Free Trade Agreements (FTAs), including membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP)—two of the world’s most substantial multilateral t...