SINGAPORE – Buyers of commercial vehicles are likely to enjoy smaller tax breaks if they switch to electric models, and face higher emission standards if they choose petrol-powered ones – a move which could make diesel models popular again.
The National Environment Agency (NEA) has proposed a number of changes to the Commercial Vehicle Emissions Scheme (CVES) which kicked in on April 1, 2021, and is slated to run till March 31 next year.
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