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    Home»Business»Electric car sales are booming. That means trouble ahead
    Business

    Electric car sales are booming. That means trouble ahead

    AdminBy AdminNo Comments1 Min Read
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    Some dealers can break even without selling a single car. Not for long

    THE Singapore Motorshow 2026 kicked off on Jan 8 with the usual bustle and optimism.

    Now that the lights are off and the cars have been wheeled out, dealerships will be doing what they always do after the event: tallying sales, comparing notes and working out whether 2026 has gotten off to a strong start for them.

    But this year’s show foretold a coming drought that will starve the industry of cash flow. A record number of electric vehicles (EVs) made their debut, in line with huge momentum for battery power; EVs accounted for nearly half of registrations in 2025, an all-time high.

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