Still cheaper than most Scandinavian countries!
Singapore is expensive because of the additional taxes that get added on to the base price. From what people (on HN in fact) have told me most Scandinavian countries levy significant extra taxes on car purchases.
So the $40k car might actually only be $15 to 20k in other countries such as Germany and Belgium?
The Netherlands: 36,500 Belgium: 35,000 Germany: 37,500 Sweden: 31,000
These may not be exactly comparable feature-wise, but those extra taxes don't seem to have a big impact.