S Iswaran on factors affecting electric vehicle adoption
Despite recent cost pressures on vehicles such as supply chain issues and higher interest rates, electric vehicle (EV) adoption in Singapore has grown strongly this year, with registrations topping 10 per cent of all new car registrations - almost triple last year’s rate. Certificate of Entitlement (COE) supply is not expected to be a key determinant of the pace of vehicle electrification as COEs are not differentiated by propellant type. Transport Minister S Iswaran said this in Parliament on Tuesday (Nov 29) in answer to an MP’s questions.
Despite recent cost pressures on vehicles such as supply chain issues and higher interest rates, electric vehicle (EV) adoption in Singapore has grown strongly this year, with registrations topping 10 per cent of all new car registrations - almost triple last year’s rate. Certificate of Entitlement (COE) supply is not expected to be a key determinant of the pace of vehicle electrification as COEs are not differentiated by propellant type. Transport Minister S Iswaran said this in Parliament on Tuesday (Nov 29) in answer to an MP’s questions.
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