Singapore plans to abandon petrol, diesel vehicles by 2040
Singapore aims to phase out petrol and diesel vehicles by 2040.
Singapore tries to make a bigger bet on electric cars as part of its efforts to cut greenhouse gases and fight climate change.
The wealthy city-state of 5.7 million, joins Norway, Britain and others in setting a target to cut the use of vehicles with combustion engines.
“Our vision is to phase out ICE (internal combustion engine) vehicles and have all vehicles run on cleaner energy by 2040,” Finance Minister Heng Swee Keat said.
Singapore, one of the most expensive places in the world to buy a car and there are few electric vehicles on the roads.
Tesla (TSLA.O) CEO Elon Musk once criticized Singapore for not supporting electric vehicles
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.
The country, an oil-refining hub, will also expand public charging infrastructure to 28,000 points by 2030 from 1,600 now.
“As a low-lying island nation, rising sea levels threatens our very existence,” Heng said.
He added that he was setting aside a coastal and flood protection fund with an initial injection of S$5 billion ($3.6 billion).
Last year, the prime minister said protecting Singapore against rising sea levels could cost S$100 billion (£55.4 billion) or more over 100 years.
Earlier, Sazgar autos geared up to launch an automatic three-wheeler.
The event conducted at the Sazgar Car plant, situated at Sunder Road Lahore, Pakistan.
Malik Amin Aslam at the special advisory of Prime Minister on Climate Change invited as the chief guest of the event.
The company unveiled the battery-powered three-wheeler vehicle.
The spokesperson guided the attendees regarding the features of the EV.
Sazgar, known for its state-of-the-art premium 4 strokes rickshaws in the country.
As the country is emphasizing greatly on manufacturing and dispersal of the Electric Vehicle by this year, the company has developed an electric three-wheeler regarding the National EV policy.
According to the notification posted, the company fully gears to initiate the manufacturing of the battery-containing three-wheeler.
Since last year, the government is making every possible effort to convert the vehicles into electric fuel.
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