Commercial EV demand rising on lower running costs, government subsidies

COMPANIES are adopting electric vehicles (EV) in greater numbers, spurred by lower running costs and government subsidies.

The number of electric goods vehicles on Singapore’s roads has risen 49.8 per cent this year to 2,837 as at Apr 30, 2023, statistics from the Land Transport Authority showed.

The number of electric buses rose 34.4 per cent to 203 over the same period.