Volvo EX30 Plus (Single Motor) vs Honda CR-V 1.5 VTEC Turbo (7-Seater): 5-year cost to own (Singapore)

Q: Is the Volvo EX30 Plus (Single Motor) or the Honda CR-V 1.5 VTEC Turbo (7-Seater) cheaper to own over 5 years in Singapore?

The Volvo EX30 Plus (Single Motor) is cheaper — about S$154,962 over 5 years vs S$175,736 for the Honda CR-V 1.5 VTEC Turbo (7-Seater), a S$20,774 difference.

Q: Does the EV's cheaper electricity outweigh petrol in Singapore?

On running cost the Volvo EX30 Plus (Single Motor) is far cheaper — about S$6,053 of electricity over 5 years vs S$22,444 of petrol for the Honda CR-V 1.5 VTEC Turbo (7-Seater) (S$3.42/L is dear). But COE + ARF dominate both cars — around S$124,790 on the EV and S$194,853 on the petrol car — so the 5-year winner is decided mostly by price with COE and how much you recover at de-registration.

Q: How much more does the Volvo EX30 Plus (Single Motor) cost to buy (with COE) than the Honda CR-V 1.5 VTEC Turbo (7-Seater)?

The Volvo EX30 Plus (Single Motor) is S$220,000 on the road — S$38,999 less than the Honda CR-V 1.5 VTEC Turbo (7-Seater) (S$258,999). Over 5 years the ownership gap is S$20,774 in favour of the Volvo EX30 Plus (Single Motor).

Q: Which costs less per km — the Volvo EX30 Plus (Single Motor) or the Honda CR-V 1.5 VTEC Turbo (7-Seater)?

The Volvo EX30 Plus (Single Motor): S$1.77 vs S$2.01 per km all-in (S$2,583 vs S$2,929 per month).

By the EVCostIQ research desk · reviewed against our public methodology · every source dated on this page

Over 5 years in Singapore (17,500 km/yr), as of July 1, 2026, the Volvo EX30 Plus (Single Motor) is cheaper — about S$154,962 over 5 years vs S$175,736 for the Honda CR-V 1.5 VTEC Turbo (7-Seater), a S$20,774 difference. In Singapore the EV usually wins on running cost (cheap electricity vs S$3.42/L petrol) while COE dominates both cars — we say so plainly.

COE is set by a biweekly auction and swings thousands of dollars — every figure here uses the S$124,790 (Cat A) / S$126,236 (Cat B) COE assumption. Confirm the current COE before you commit; it is the single biggest line in the price. Source: LTA registration-cost sheet, 2026-07-01.

EV Early Adoption Incentive: the EEAI (45% off ARF, capped S$7,500) is baked into the EV figures for 2026 registrations — and it sunsets 31 Dec 2026. Register a BEV from 2027 and it costs more. Source: LTA.

Cheaper to own over 5 years · SingaporeVolvo EX30 Plus (Single Motor) · S$154,962 total · S$20,774 less than the Honda CR-V 1.5 VTEC Turbo (7-Seater)

Volvo EX30 Plus (Single Motor) vs Honda CR-V 1.5 VTEC Turbo (7-Seater) — where the money goes

5-year total cost of ownership by component, by vehicle (SGD). Estimates; sources dated in the methodology.
Cost component	Electric · Volvo EX30 Plus	Petrol · Honda CR-V 1.5 VTEC
Depreciation (estimated)	S$110,000 (71%)	S$115,405 (66%)
Charging / fuel	S$6,053 (4%)	S$22,444 (13%)
↳ of which charging loss	10% (~S$605)	—
Maintenance	S$3,500 (2%)	S$5,250 (3%)
Insurance	S$10,000 (6%)	S$8,000 (5%)
Financing interest	S$17,608 (11%)	S$21,222 (12%)
Registration & fees	S$7,801 (5%)	S$3,415 (2%)
Total cost of ownership	S$154,962	S$175,736

Electricity vs petrol — and why COE still rules

On running cost the Volvo EX30 Plus (Single Motor) is far cheaper — about S$6,053 of electricity over 5 years vs S$22,444 of petrol for the Honda CR-V 1.5 VTEC Turbo (7-Seater) (S$3.42/L is dear). But COE + ARF dominate both cars — around S$124,790 on the EV and S$194,853 on the petrol car — so the 5-year winner is decided mostly by price with COE and how much you recover at de-registration.

Where the money really goes — COE + ARF dwarf the fuel

The registered price with COE for the Volvo EX30 Plus (Single Motor) is S$220,000. COE + ARF alone are S$124,790 of that — many multiples of the electricity or petrol you'll ever buy. That is the honest story of Singapore car cost.

COE (quota licence): S$124,790biweekly auction · dominates the price
ARF (net of VES / EEAI): S$0gross S$29,905 − VES rebate S$22,500 − EEAI S$7,500
OMV (open-market value): S$27,075declared import value
Excise (20%) + GST (9%): S$8,339on OMV
Registration fee: S$350LTA flat
Dealer margin: S$59,446backed out of the retail price
Registered price (with COE): S$220,000what you pay to put it on the road
Recovered at de-registration (yr 5): S$110,000unused COE S$62,395 + PARF S$0 + residual value S$47,605

How depreciation works here: it is the registered "price with COE" minus what you get back at de-registration — the unused COE (rebatable over the 10-year licence), the PARF rebate (a capped % of ARF paid), and the car's remaining market value. Where a published Singapore depreciation figure exists (PaperValue / sgCarMart), we use it — the straight-line S$/yr buyers actually quote. That is why the S$100k+ upfront, not electricity or petrol, dominates the 5-year total. What you'd get back at deregistration (official PARF + COE rebate) →

Volvo EX30 Plus (Single Motor) vs Honda CR-V 1.5 VTEC Turbo (7-Seater), side by side

Electric Lower 5-yr cost