If all of Singapore’s light vehicles run on electricity, carbon emissions would fall by around 1.5 to 2 million tonnes, or some 4% of total national emissions.
Global EV leader Tesla is seeing a slowdown. Nonetheless, the transition to electric mobility is picking up speed here, thanks to new players and funding. Besides owning an EV, how can investors position for a piece of this growing ecosystem?
Singapore’s “EV vision” sees an end to all vehicles with internal combustion engines (ICE) here by 2040. According to the Land Transport Authority (LTA), an electric vehicle (EV) emits half the amount of carbon dioxide compared to an ICE vehicle.
