EVs to get boost from extended incentives, but hybrids could suffer from emission rebate cut
Even as changes show Republic’s commitment to electric vehicles, some say that hybrids are still relevant
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RECENT tweaks to two clean-vehicle schemes show Singapore’s commitment to electric vehicles (EVs) – but possibly at the expense of hybrids, pointed out industry players.
Authorities said last Friday (Sep 20) that the EV Early Adoption Initiative (EEAI) will be extended past its end-2024 expiry for another year, till end-2025.
Under the EEAI, buyers of electric cars and taxis get a 45 per cent discount – capped at S$15,000 – on the Additional Registration Fee. Introduced in 2021 for two years with a cap of S$20,000, the initiative was then extended to end-2024 with a lower cap of S$15,000.
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