SINGAPORE: In a move to further promote the adoption of electric vehicles (EVs), Singapore will reduce rebates for hybrid vehicles, while extending existing incentives for all cleaner energy vehicles.
New: You can now listen to articles.SINGAPORE: In a move to further promote the adoption of electric vehicles , Singapore will reduce rebates for hybrid vehicles, while extending existing incentives for all cleaner energy vehicles.
However, the current VES Band A1 rebate of S$25,000, which mainly applies to most electric cars, will be maintained. The VES, which is run by NEA, seeks to promote the use of cleaner vehicles that produce fewer emissions of carbon, hydrocarbons, carbon monoxide, nitrogen oxides, and particulate matter.The EEAI, first launched in 2021, provides buyers of fully electric cars and taxis with a rebate of up to 45 per cent on the ARF.
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