Singapore should maintain or improve EV incentives to meet clean-transport goals: analysts
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Derryn Wong
TAKE-UP rates of passenger electric vehicles (EVs) continue to grow in Singapore, thanks to government incentives – but these will need to be extended beyond their end-2023 expiry dates, or even improved, if the Republic is to achieve its clean-transport goals, say industry watchers.
Electrified passenger cars – which encompass battery EVs, petrol-electric hybrids and plug-in hybrids – made up a total of 56.9 per cent of new passenger car registrations in the first six months of 2023. However, the take-up of EVs was flat with 1,892 EVs registered, accounting for 14.3 per cent of new car registrations.
Although the EV population is now at a record high of 8,390 cars, EVs make up only 1.3 per cent of the total car population.
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