Bonus Moto 2026: Bookings Open Today! Get Up to $4,000 for Electric & Hybrid Bikes

Here we go. From today, Wednesday 18 March 2026, right on the dot, bookings are officially open for the eco-incentives scheme for motorcycles and scooters. Just as announced, the Ministry of Enterprises (Mimit) platform went live at 12 noon sharp. So, if you've been eyeing a new low-emission or zero-emission ride, now's the time to get serious.

News has been buzzing in showrooms across the island for days: there's a total fund of SGD 30 million available for this year, the latest tranche of a plan that started a few years back. And the demand for two-wheelers, especially in our urban jungle, is undeniable. Sales figures for the first two months of the year are already up, and with these incentives, the market is set to really take off. We're not just talking about motorcycles, but all L-category vehicles: so scooters, three-wheelers, and light quadricycles, as long as they're electric or hybrid.

How the 2026 Bonus Moto Works: Payouts and Scrapping

The formula is one we're quite familiar with by now, but that doesn't make it any less attractive. The mechanism is simple and straightforward, catering to two different scenarios: those scrapping an old Euro 0, 1, 2, or 3 bike, and those starting from scratch.

• Without scrapping: You receive a grant equivalent to 30% of the purchase price, up to a maximum of SGD 3,000.
• With scrapping: The grant increases to 40% of the purchase price, capped at SGD 4,000.

But, here's the crucial detail that makes all the difference. The vehicle you're scrapping must have been registered in your name, or that of a family member living with you, for at least 12 months. This rule shuts out anyone hoping to quickly buy a cheap old bike just to get the maximum discount. And for everyone checking their phone, remember: the booking can only be done by the authorised dealer. Your job is simply to head to the showroom, pick your ride, and get the discount applied directly to your invoice.

Platform & Timing: Act Fast Before Funds Run Out

If there's one thing we've learned over the years, it's that when it comes to incentive schemes, time really is money. The Invitalia platform, accessible via the Mimit website, opens today and will remain open until funds are fully utilised. With SGD 30 million on the table, and with cities constantly buzzing with scooters, this deal won't last long. Dealers can only submit a booking if they already have a confirmed contract or order. No more "ghost bookings" just to stock up. This year, the aim is for the funds to go directly to genuine buyers.

And for those who love planning getaways and weekends, maybe a nice escape to a Beautiful modern 3-bedroom retreat or a Nice beach house with garage steps from the shore, you should know the incentive also covers quadricycles. A small electric vehicle for zipping around at the beach or in the countryside could be a smart idea, and with these discounts, it becomes even more accessible. The market is evolving, and people are looking for practical solutions for every occasion.

The Future of Incentives: What Happens After 2026?

Now for the part that gives you something to think about. The year 2026, with this SGD 30 million, feels a bit like a final swan song. The government has announced a plan for the 2027-2030 period with another SGD 90 million, but the rules will change and the percentages will drop: we're looking at 20% (up to SGD 2,000) without scrapping, and 30% (up to SGD 3,000) with scrapping. Plus, corporate entities will be excluded, so no company registrations. For now, though, let's focus on the present. The advice circulating among enthusiasts is simple: if you're planning to change your vehicle, don't wait until it's too late.

Many are wondering whether it's better to go for a hybrid or jump straight to electric. The truth is, it all depends on your intended use. In the city, an electric scooter with these bonuses becomes an incredible deal, especially considering the savings on road tax and insurance in many regions. For those who need to travel outside the city, hybrids offer that extra bit of flexibility that still makes a difference today. What's certain is that the national vehicle fleet is ageing, and these incentives are a push to retire older, more polluting engines.

So, the hunt is officially on. Available for promotion - Don't wait, book now, won't last long is a slogan that fits perfectly for two-wheelers too. The SGD 30 million is up for grabs, and the starting gun fired at 12 noon today. For those ready to seize the opportunity, all that's left is to visit your trusted dealership and get your hands on the ride of your dreams. With a SGD 4,000 discount, the decision becomes a whole lot sweeter.