The Hyundai Elexio is an electric SUV made in China. It is new to Singapore, and only a small part of the insurance market prices it online so far. This guide covers what it costs to buy, tax and insure.
Insurance figures here are examples for one stated driver, as of 1 November 2026. They help you compare. They are not a quote for you.
Versions
The new-car list, read on 2026-10-10, shows one version: the Elexio Electric Standard Range 64.2 kWh, with 134bhp. It is listed as an SUV.
Our quote form covers two versions:
- Elexio Standard Range 64.2 kWh
- Elexio Long Range 88.1 kWh
The insurance prices below are for the Long Range 88.1 kWh. That is the version most of our insurers quote.
List price
As listed on 2026-10-10, the Standard Range was S$192,999, including COE on that day. Dealers revise prices after COE rounds, so ask for a current figure. When you compare offers, check that each includes the same items.
COE for an electric car
For electric cars, motor power sets the COE category. The price page says a fully electric Elexio needs a Category A COE if its motor is 110kW (147bhp) or less. If the motor is more powerful, it needs a Category B COE.
In the October 2026 2nd round, Category A closed at S$132,004 and Category B at S$131,901. The COE page carries the latest results.
Road tax
Electric cars pay road tax on motor power, not engine size. For the 134bhp (100kW) motor, LTA's formula gives S$1,501.56 a year, before any age surcharge.
A surcharge applies once a car passes 10 years: +10% over 10 years, rising by 10 points a year to +50% over 14 years. Other motor sizes are on the road tax page.
Insurance: a thin field
The Hyundai Elexio price page prices one profile:
- Car: Elexio Long Range 88.1 kWh, 3 years old, private use, comprehensive
- Driver: aged 40, married, office job, driving 10 years
- NCD: 50%, no claims
- Workshop: authorised, no options
Only 2 insurers price it, and both list the same plan at the same figure: S$1,589.93 a year, with a S$600 excess. Both prices are marked as estimates. Prices include 9% GST.
Seventeen insurers on our panel have no online price for the Elexio. Two of them do not quote electric cars online at all. Others have not added the model yet. With so few prices, there is no real spread to compare. That may change as more insurers add the model, so it is worth checking the page again.
When the details change
The price page shows the lowest price when one thing changes:
- No NCD (0%): S$3,179.85, which is S$1,589.92 more
- 20% NCD: S$2,543.87, S$953.94 more
- Driver aged 27, 3 years' driving, 30% NCD: S$2,225.89, S$635.96 more
- Driver aged 65, 20 years' driving: S$1,589.93, the same
- New car, registered this year: S$1,589.93, the same
- Car 8 years old: S$1,589.93, the same
Here NCD is the main lever. With none, the lowest price doubles: it rises by 100%. The older driver, the new car and the 8-year-old car all land at the same figure. That pattern reflects how the two estimated prices are worked out.
What the flat lines mean
A price that does not move with the car's age or the driver's age is unusual. Most cars on our pages show at least small changes for those details. Here, the estimates change only for NCD and for the young driver profile. Once more insurers price the Elexio, these lines may start to differ.
For now, the figure to watch is NCD. Moving from 50% to 20% NCD adds S$953.94 to the lowest price. If you are switching from another car, check that your NCD carries over to the new policy.
Compared with other electric cars
The price page lines the Elexio up against six electric cars, same driver and car age:
- BYD Sealion 7: S$1,390.72
- BYD Atto 3: S$913.63
- BYD M6: S$861.41
- BMW iX1: S$1,907.27
- Tesla Model 3: S$913.62
- Tesla Model Y: S$939.71
Their average lowest price is S$1,154.39. The Elexio costs 38% more. Five of the six are cheaper to insure on these details. Several of those cars have 9 or 10 insurers pricing them, so they benefit from more competition. Other Hyundai models are on the Hyundai car insurance page.
Costs that vary by owner
- Charging: your cost depends on whether you charge at home, at work or at public chargers, and how far you drive.
- Parking: season parking at your block or condo, plus parking elsewhere.
- ERP: depends on your routes.
- Servicing: follow the maker's schedule. Ask what the warranty covers, including the battery, and for how long.
- Depreciation: turns on what you pay and what the car fetches later.
Summary of yearly costs we can show
For the Hyundai Elexio:
- Road tax: S$1,501.56 a year for the 134bhp motor, before any age surcharge (checked 2026-10-19)
- Insurance, standard driver: from S$1,589.93 a year for the Long Range (1 November 2026)
- Insurance, no NCD: from S$3,179.85
- Insurance, 20% NCD: from S$2,543.87
One-off: S$192,999 as listed on 2026-10-10 for the Standard Range, COE included. COE in the October 2026 2nd round: S$132,004 for Category A, S$131,901 for Category B.
Before you buy: car insurance for the Hyundai Elexio
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the Hyundai Elexio to see today's prices from every insurer we compare and how they change with the driver and the car's age. Or get a quote with your own details.