2024 Wey Coffee 01True Cost of Ownership in Singapore
326 hp hybrid. Full cost breakdown including import duty (41%), VAT (9%), insurance, fuel at S$1.9/L, maintenance, and depreciation.
Purchase Price
$61K
Base: $40K
Annual Total
$26K
Insurance + fuel + maintenance
Import Duty
$16K
41% of base price
VAT
$5K
9% applied
Annual Insurance
$3K
Avg for this country
5-Year Total
$190K
Purchase + 5yr running costs
2024 Wey Coffee 01 — Full Cost Breakdown in Singapore
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $40K |
| Import Duty (41%) | $16K |
| VAT / Sales Tax (9%) | $5K |
| Total Purchase Price | $61K |
| Annual Insurance | $3K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $2K |
| Annual Depreciation | $11K |
| Registration & Road Tax | $9K |
| Total Annual Running Cost | $26K |
| 5-Year Total Cost of Ownership | $190K |
| Cost Per Kilometer | $1.720 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Wey Coffee 01 Fuel Cost Calculator — Singapore
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
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⚡ Electric Vehicle
The Wey Coffee 01 runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Singapore.
$0 Fuel Cost
Electric vehicle — no gasoline required
Wey Coffee 01 Depreciation Curve
The Wey Coffee 01 loses approximately $23K (57%) of its value over 5 years.
Year-by-Year Value
| New | $40K | 100% |
| Year 1 | $29K | 72% |
| Year 2 | $25K | 62% |
| Year 3 | $22K | 54% |
| Year 4 | $19K | 48% |
| Year 5 | $17K | 43% |
Depreciation based on electric segment averages.
Wey Coffee 01 vs. Competitors in Singapore
How does the Wey Coffee 01 compare to similar cars available in Singapore?
Wey
Coffee 01
Base Price
$40K
Annual Cost in Singapore
$26K
Tesla
Model 3
Base Price
$42K
Annual Cost in Singapore
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Singapore
$5K
BMW
i4
Base Price
$56K
Annual Cost in Singapore
$8K
Annual costs estimated for Singapore market. Import duty (41%) and VAT (9%) applied to all models.
🇸🇬 Owning a Car in Singapore
COE system adds $50K–$100K to car cost.
Expensive for Singapore
Annual car costs = 44% of average Singapore income ($58K/yr)
Average Annual Income
$58K
In Singapore
Fuel Price
S$1.90/L
Gasoline dominant
Avg Car Insurance
$3K
Per year
Import Duty
41%
On vehicle value
VAT / Sales Tax
9%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Singapore
Wey Coffee 01 in Singapore — Frequently Asked Questions
Common questions about owning a Wey Coffee 01 in Singapore.
The 2024 Wey Coffee 01 has a base price of $40,000 USD. In Singapore, after 41% import duty and 9% VAT, the total purchase price is approximately $61,476 USD (S$61,476 SGD).