New Rule May Drive Down EV Prices in Singapore

From May 6, the price of some electric vehicles in Singapore could be $30,000 cheaper than what they are today, the Straits Times reported.

The new EV-specific criterion for certificate of entitlement categorisation was among the measures announced in Parliament to accelerate EV adoption in Singapore. As of end-2021, there were 2,942 fully electric cars, representing just 0.45 per cent of the total car population of 645,150, the report said.

Read the full report: The Straits Times

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.