Singapore needs a bolder approach to EVs that goes beyond simply offering tax incentives to match ICE cars

Singapore needs a bolder approach to EVs that goes beyond simply offering tax incentives to match ICE cars
04 Jun 2021
The global automotive industry is steadily and rapidly evolving, with Electric Vehicles (EV) being the clear next step forward. With significant work required to combat climate change, as well as changing legislation forcing the hand of car manufacturers, EVs are the future, whether we like it or not. And certainly, many countries (and car companies alike) are pushing boldly ahead with the transition towards EVs.
But, it seem like Singapore is comparatively slow when it comes to the adoption of EVs. During Budget 2021, Finance Minister Heng Swee Kiat announced that additional incentives will be introduced to narrow the cost differential between EVs and Internal Combustion Engine (ICE) cars.

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