Do Electric Vehicles Make Financial Sense in Singapore? Here's How Electric, Hybrid And Petrol Cars Compare

This year’s Budget 2021 announced several initiatives the government takes to step-up on its fight to mitigate and adjust to climate change.

For one, Singapore aims to phase out Individual Combustion Engine (ICE) vehicles and also have all vehicles run on clean energy by 2040. This is accompanied by the development of incentives like the