News Analysis

Carrot-and-stick approach to speeding up electric vehicle adoption

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.

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