Budget 2020

After a decade-long flirtation, S'pore gets serious about EVs

Switching from petrol and diesel to electric vehicles is a no-brainer: It can cut Singapore's emissions by 30 per cent and give us cleaner air

Singapore's Budget 2020 - coming at a time of heightened uncertainty - was highly anticipated and did not disappoint: It is a thoughtful policy response, with a good balance of short-term measures for businesses and the workforce hit by the coronavirus outbreak, and long-term strategies to build Singapore's resilience and provide social safety nets.

My favourite part of the Budget is the bold and significant announcement by the Government that it will phase out internal combustion engine (ICE) vehicles by 2040, which took many industry observers by surprise, towards the end of Deputy Prime Minister and Finance Minister Heng Swee Keat's 21/4-hour speech.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on February 22, 2020, with the headline 'After a decade-long flirtation, S'pore gets serious about EVs'. Print Edition | Subscribe