New electric vehicle measures expected to jolt sales
Car company executives welcome moves but would have liked to see more incentives for hybrid cars
Singapore
THE car industry is looking forward to an uptick in sales of electric vehicles (EV), following plans announced by Finance Minister Heng Swee Keat to spur Singapore's switch to cleaner energy vehicles.
Mr Heng announced in his Budget speech on Tuesday that S$30 million has been set aside over the next five years for EV-related initiatives entailing public-private partnerships. This could include measures to improve charging availability at private premises.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April