The KGM Torres EVX is a fully electric SUV from South Korea. If it is on your list, this guide sets out what it costs to buy and keep in Singapore. Two things stand out: road tax works differently for an electric car, and very few insurers price this model online.
Insurance figures are examples for one stated driver, read on 1 November 2026. Use them to understand the price level. Your own quote depends on your details.
The one version on sale
The new-car list read on 2026-10-10 shows a single version:
- KGM Torres EVX Electric 80.6 kWh: an electric SUV, made in South Korea, with a 204bhp motor
The price page quotes the same car, the Torres EVX 80.6 kWh. So the list price, the road tax and the insurance figures all line up with one version.
List price
As listed on 2026-10-10, the Torres EVX was S$203,888, with COE included that day.
List prices can shift after each COE round. Ask for the current figure, and check what each offer includes before comparing.
How the COE rule works for an electric car
For electric cars, the COE category turns on motor power, not engine size. The price page says the Torres EVX needs a Category A COE if its motor is 110kW (147bhp) or less. It needs a Category B COE if it is more powerful.
In the October 2026 2nd round, Category A closed at S$132,004 and Category B at S$131,901. The COE page has the latest figures.
Road tax on the motor
An electric car's road tax is based on motor power. For the Torres EVX's 204bhp (152kW) motor, LTA's formula gives S$1,806.52 a year, checked on 2026-10-19. That is before any age surcharge.
That figure may surprise anyone used to petrol cars of a similar size. The surcharge for older cars also applies:
- Over 10 years: +10%
- Over 11 years: +20%
- Over 12 years: +30%
- Over 13 years: +40%
- Over 14 years: +50%
The road tax page explains how the sums are worked out.
Insurance: a single online price
The KGM Torres EVX price page quotes on one profile:
- Car: Torres EVX 80.6 kWh, registered 3 years ago, private use, comprehensive cover
- Driver: aged 40, married, office job, driving 10 years
- Record: 50% NCD and no claims
- Repairs: authorised workshop, no options added
Just one insurer prices it online. Its plan costs S$1,131.24 a year, including 9% GST, with a S$600 excess. The price is marked as an estimate.
Eighteen other insurers on the page have no online price for this car. Some of them do not quote electric cars online at all. Others have not added this model yet.
What one price means for you
With one figure, there is no spread to look at. The page cannot tell you whether S$1,131.24 is low or high for this car. A quote from a broker or directly from other insurers is the only way to see more. The estimate label also means the figure could shift once the insurer quotes your details.
How the price changes with the driver
The price page shows the single insurer's price when one detail changes:
- No NCD (0%): S$2,381.59, or S$1,250.35 more
- 20% NCD: S$1,905.27, or S$774.03 more
- Driver aged 27, 3 years' driving, 30% NCD: S$2,308.41, or S$1,177.17 more
- Driver aged 65, 20 years' driving, 50% NCD: S$1,261.74, or S$130.50 more
- A new car, registered this year: S$1,131.24, the same
- A car 8 years old: S$1,131.24, the same
Losing your NCD makes the biggest difference: the price rises by 111%. The young driver comes close. The car's age makes no difference at all on this page, which is unusual.
Against other electric cars
For the same driver and car age, the price page compares six electric cars:
- 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 Torres EVX comes in 2% below that average. Even so, 4 of the 6 cost less to insure. The BYD Sealion 7 and BMW iX1 cost more. Most of the rivals have far more insurers pricing them, so their lowest figures come from a bigger field. Other KGM models are on the KGM car insurance page.
Costs that depend on your routine
These change from owner to owner:
- Parking: season parking at home and charges elsewhere.
- Charging: whether you can charge at home or rely on public chargers makes a big difference. Rates vary by operator and time.
- ERP: set by your routes and times.
- Servicing and tyres: electric cars still need tyres, brakes and checks. Ask what the battery warranty covers and for how long.
- Depreciation: what you pay now against what the car fetches later.
Summary of yearly costs we can show
For the KGM Torres EVX 80.6 kWh:
- Road tax: S$1,806.52 a year before any age surcharge (checked 2026-10-19)
- Insurance, standard driver: S$1,131.24 a year, one insurer, estimate (1 November 2026)
- Insurance, no NCD: S$2,381.59
- Insurance, driver aged 65: S$1,261.74
One-off costs: S$203,888 as listed on 2026-10-10, COE included. In the October 2026 2nd round, Category A COE closed at S$132,004 and Category B at S$131,901.
Before you buy: car insurance for the KGM Torres EVX
Before you drive off, get your car insurance through Shenton Brokers. Compare car insurance for the KGM Torres EVX 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.