Singapore’s EV adoption rate nearly doubles in 2024, with one out of 3 cars sold from Jan-May being electricOver in Singapore, electric vehicle take-up is on the rise, accounting for nearly one of every three new cars registered the republic in the first five months of this year. That’s nearly double the 2023 figure of 18.1%, as therevealed that out of the 14,802 new cars registered from January to May, a total of 4,819 units, or 32.6%, were EVs.
According to the country’s transport minister Chee Hong Tat, financial incentives for buying cleaner energy vehicles as well as a grant to support the installation of chargers in non-landed private residences and a law to ensure that chargers are safe and accessible are the primary reasons why EV adoption rates have increased significantly.
He said the EV common charger grant, introduced in 2021 and available until the end of 2025, has co-funded the cost of putting 1,100 EV chargers in private condominiums so far. This is up from 789 chargers in November 2023, which was before the amendment to the law that lowers the threshold needed to pass resolutions to install EV chargers at strata-titled developments kicked in.
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