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Carrot-and-stick approach to speeding up electric vehicle adoption
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Mr Heng Swee Keat also announced setting aside $30 million over the next five years to speed up EV-related initiatives.
PHOTO: LIANHE ZAOBAO
SINGAPORE - After a series of sweeteners to entice motorists to switch to electric cars, there is now a slightly bitter pill for those who do not.
Tuesday's (Feb 16) Budget included an immediate increase in petrol duty, which will hit owners of gas guzzlers like full-size SUVs and sports cars hardest.
