Tax incentives will fuel EV adoption, rebate cuts unlikely to deter buyers from hybrids

Tax incentives will fuel EV adoption, rebate cuts unlikely to deter buyers from hybrids

The Straits Times - Singapore·2024-10-13 17:04

SINGAPORE - Over the last several years, generous incentives given to buyers of electric vehicles (EVs) have helped lower the cost of the technology and made them more affordable and popular.

EV registrations soared in the first eight months of 2024 to form 32.6 per cent of new car registrations, up from 18.1 per cent in 2023 and 11.7 per cent in 2022.

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