Extended incentives encourage EV take-up, but demand for hybrids may soften: industry

RECENT tweaks to two clean-vehicle schemes show Singapore’s commitment to electric vehicles (EVs) – but possibly at the expense of hybrids, said industry players.

Authorities said last Friday (Sep 20) that the EV Early Adoption Initiative (EEAI) will be extended past its end-2024 expiry for another year, till end-2025.

Under the EEAI, buyers of electric cars and taxis get a 45 per cent discount – capped at S$15,000 – on the Additional Registration Fee.