Oral Reply by Minister for Transport S Iswaran to Parliamentary Question on Commerical Use of Electric Vehicles

Mr Saktiandi Supaat asked the Minister for Transport whether the Government will roll out schemes to incentivise SMEs to pivot to renting electric vehicles for commercial use, in view of Singapore’s Green Plan and climate ambitions.

Reply by Minister for Transport S Iswaran:

1.     The government has implemented incentives such as the Commercial Vehicle Emissions Scheme (CVES) and Early Turnover Scheme (ETS) to encourage e-LGV purchases, including purchases by vehicle rental companies.

2.     The adoption of e-LGV in Singapore has grown significantly – from 0.4% of new LGV registrations in 2020, to around 28% in 2022 to date. This is the highest among all vehicle categories. We will continue to monitor and review the efficacy of and need for incentives.