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Singapore's finance minister said Tuesday that Singapore aims to phase out petrol and diesel vehicles by 2040, focusing more on electric vehicles as part of
its efforts to reduce greenhouse gases and combat climate change.
The rich countries of the garden city are ramping up investment, joining Norway, the United Kingdom and others in setting targets
to reduce the use of cars with internal combustion engines.
In his budget speech, Finance Minister Heng Swee Keat said: "Our vision is to phase out ICE (internal combustion engine) vehicles and have all cars run on clean energy
by 2040.
”
Tesla CEO Elon Musk has criticized Singapore for not supporting electric vehicles, arguing that Singapore is one of the most expensive places in the world to buy a car, and there are almost no electric cars
on the road.
In Tuesday's budget, the finance minister said government measures to encourage the adoption of electric vehicles include subsidies for registration fees for the purchase of all-electric vehicles
.
Singapore is an oil refining hub, and by 2030, public charging infrastructure will expand from 1,600 today to 28,000 points
.
Heng Swee Keat said: "As a low-lying island nation, rising sea levels threaten our survival
.
As a result, the government will also allocate a S$5 billion (US$3.
6 billion) coastal and flood protection fund
.
”
Last year, Singapore's prime minister said protecting Singapore from rising sea levels could cost S$100 billion ($72 billion).
Singapore's finance minister said Tuesday that Singapore aims to phase out petrol and diesel vehicles by 2040, focusing more on electric vehicles as part of
its efforts to reduce greenhouse gases and combat climate change.
The rich countries of the garden city are ramping up investment, joining Norway, the United Kingdom and others in setting targets
to reduce the use of cars with internal combustion engines.
In his budget speech, Finance Minister Heng Swee Keat said: "Our vision is to phase out ICE (internal combustion engine) vehicles and have all cars run on clean energy
by 2040.
”
Tesla CEO Elon Musk has criticized Singapore for not supporting electric vehicles, arguing that Singapore is one of the most expensive places in the world to buy a car, and there are almost no electric cars
on the road.
In Tuesday's budget, the finance minister said government measures to encourage the adoption of electric vehicles include subsidies for registration fees for the purchase of all-electric vehicles
.
Singapore is an oil refining hub, and by 2030, public charging infrastructure will expand from 1,600 today to 28,000 points
.
Heng Swee Keat said: "As a low-lying island nation, rising sea levels threaten our survival
.
As a result, the government will also allocate a S$5 billion (US$3.
6 billion) coastal and flood protection fund
.
”
Last year, Singapore's prime minister said protecting Singapore from rising sea levels could cost S$100 billion ($72 billion).
