Commentary: Even car makers think buying an electric vehicle is starting to look like a good idea

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Tesla’s recent US$1 trillion market capitalisation is a sign of broader shifting sands in the electric vehicle market, says NTU’s Clive Choo.

THE GREEN PUSH FOR EVS

This is matched by the country’s 75,000 charging stations - one-third of the total EU’s charging stations – with 190,000 households have their own charging ports. Climate action aside, car owners should already be seriously considering buying a EV when their Certificate of Entitlement runs out. But if it wants to increase the EV population, a combination of incentives such as the lowering of road tax, import duty for EV and tweaks to the COE system will be needed to nudge car drivers.

 

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First G2V, then V2G. What a great move and achievements.

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