EV price
MG IM5 EV Luxury price in Singapore
$187,910 with COE, according to LTA's August 2026 Car Cost Update. The distributor filed no price with LTA, so expect the showroom figure to be higher. That makes it the 42nd cheapest of the 95 electric cars LTA lists.
| COE category | Category A (electric cars of 110 kW or less) — $123,890 in LTA's August 2026 figures. |
|---|---|
| Motor power | 109 kW |
Full price breakdown
Read top to bottom: the import value, each tax and rebate on it, then the COE. "Total with COE" is what LTA works out the car costs to put on the road before any dealer margin — it is not the showroom price, which is the distributor row where one was filed.
| IM5 EV Luxury | |
|---|---|
| Open Market Value | $37,544 |
| GST & excise duty | $11,564 |
| Additional Registration Fee | $44,562 |
| VES rebate / surcharge | −$22,500 |
| EV Early Adoption Incentive | −$7,500 |
| Registration fee | $350 |
| Total before COE | $64,020 |
| COE premium | $123,890 |
| Total with COE | $187,910 |
| Distributor price | — |
| Dealer margin | — |
How this compares
The median electric car in Singapore costs $193,480 with COE on the same LTA basis, so the MG IM5 EV Luxury is $5,570 cheaper than that.
Next cheaper
- GAC Aion Hyptec HT Premium $187,763
- Volvo EX40 Ultra $187,734
- Hyundai Ioniq 5 2WD SR Prestige $184,083
Next pricier
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