SINGAPORE: , making a bigger bet on electric cars as part of its efforts to cut greenhouse gases and fight climate change, the finance minister said on Tuesday.
“Our vision is to phase out ICE vehicles and have all vehicles run on cleaner energy by 2040,” Finance Minister Heng Swee Keat said in his budget speech. In Tuesday’s budget, Heng said measures to encourage electric vehicle adoption included a registration fee rebate on purchases of fully electric car and taxis.
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