Govt considers reducing incentives for electric commercial vehicles

The proposed changes are likely to take effect when the current CVES runs out after March 31, 2023. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Buyers of commercial vehicles are likely to get smaller tax rebates if they switch to electric models after next March, under a change to the Commercial Vehicle Emissions Scheme (CVES) proposed by the National Environment Agency.

Another change would raise emission standards for petrol-powered vehicles – a move that could make diesel models popular again.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.