Moving to Greener Pastures: Developments in the market for Electric Vehicles in Singapore
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Singapore
I am a corporate lawyer with extensive experience in local and cross-border mergers and acquisitions, joint ventures and collaborations, and other general corporate matters.
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In 2014, the Land Transport Authority ("LTA") and the Intelligent Transportation Society Singapore developed the "Smart Mobility 2030" masterplan, which gathers perspectives from the public and private sector and provides key strategies and focus areas to enhance on. Given that 75% of air pollution is due to motorized traffic from internal combustion engine vehicles ("ICEV") and 20% of carbon emissions is due to land transport, one of the focus areas identified is "Green Mobility".
This focus area aims to develop a sustainable and environmentally friendly Intelligent Transport System in Singapore through, amongst others, promulgating the adoption of electric vehicles ("EVs") in Singapore. Indeed, over the years, Singapore has seen an increase in deployment of EVs and EV-related infrastructure. This article highlights the recent developments in the EV market in Singapore and considers how Singapore can encourage the uptake of EVs through regulation and policies.
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This article is produced by our Singapore office, Bird & Bird ATMD LLP, and does not constitute legal advice. It is intended to provide general information only. Please contact our lawyers if you have any specific queries.
