SINGAPORE BUDGET 2021: SUSTAINABILITY
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New electric vehicle measures expected to jolt sales
Car company executives welcome moves but would have liked to see more incentives for hybrid cars
Published Tue, Feb 16, 2021 · 09:50 PM
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.
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