Commercial Electric Vehicle Outlook in Singapore Webinar
The recent unveiling of the Singapore Green Plan 2030 is a major step taken by Singapore to honour its commitment to the Paris Accord, and to chart out the plans to utilise technological and policy solutions to achieve a net zero emissions form of sustainable development. Announcements made during Budget 2021 detailed plans to support the adoption of Electric Vehicles (EV), including the doubling of the number of EV charging points target — from 28,000 to 60,000 by 2030. Meanwhile, the Commercial Vehicle Emissions Scheme (CVES) and Enhanced Early Turnover Scheme (ETS) already took effect from 1 April 2021.
In a Zoom webinar titled “Commercial Electric Vehicle Outlook in Singapore” on 24 March 2021 that was co-organised by Enterprise Singapore, SLA and Singapore Transport Association, participants learnt more about what these developments mean to the logistics and transport business in Singapore as well as the benefits and costs of adopting EVs.
What is CVES?
Under the CVES, large goods vehicles (LGVs) are classified into Bands A, B or C by their worst-performing pollutant among the following: carbon dioxide (CO2), carbon monoxide (CO), hydrocarbons (HC), NOx and PM. This is to encourage buyers to choose models that have lower emissions across all criteria and are cleaner overall, thus addressing climate change, improving ambient air quality and protecting public health
What is ETS?
Implemented in 2013, it incentivizes owners to turnover old polluting diesel vehicles to newer and cleaner models. The ETS was first implemented in 2013 to encourage the early turnover of Pre-Euro and Euro 1 Cat C diesel vehicles to newer and cleaner models. In 2015, the ETS was extended to Euro 2 and 3 Cat C diesel vehicles, with an additional incentive for turnover to Euro 6 (or equivalent) models. As of 31 December 2019, about 47,000 pollutive vehicles have been replaced early under the scheme. From 1 April 2021 onwards, existing Euro 4 Cat C diesel vehicles will also be eligible for the ETS incentive.
For more information about the CVES and enhanced ETS, please click here.