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Govt considers reducing incentives for electric commercial vehicles
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The proposed changes are likely to take effect when the current CVES runs out after March 31, 2023.
PHOTO: ST FILE
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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.
