Incentives tied to axed Dyson electric car project will not be granted
Janice Heng
Singapore
GIVEN that Dyson scrapped plans to build electric vehicles in Singapore, any government incentives tied to that project will not be granted, Senior Minister of State for Trade and Industry Chee Hong Tat said in Parliament on Tuesday.
"Because the project has not taken place and the investments have not been made, the incentives have not been given," he replied to Member of Parliament Seah Kian Peng.
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023