SINGAPORE: Westpoint Transit, a private charter bus company, has a fleet of 60 electronic heavy vehicles in its fleet. The company decided to go green first in 2019.
This results in a 40 % reduction in annual diesel costs.  ,
However, going green has its benefits: a bus that costs between S$ 90,000 ( US$ 67, 000 ) and S$ 500,000 before Certificate of Entitlement ( COE ) prices, depending on its size, can be purchased.
The company has so far spent about S$ 900,000 on its electronic cars.
It counts among the business people who praised the president’s announcement earlier this month for this reason.
Users of new completely electric heavy vehicles will get an opportunity of S$ 40, 000 for every car starting in the coming year, according to Senior Minister of State for Transport Amy Khor in her agency’s Committee of Supply conversation on March 5.
This will be divided into three times: S$ 14, 000 in the next year and S$ 13, 000 in each of the first two.
Owners of electric large vehicles can receive co-funding of up to S$ 30, 000 per accompanying cable under the fresh Electric Heavy Vehicle Charger Grant.
These are in range with Singapore’s goal of having all cars run on cleaner energy by 2040.
Owners of large vehicles told CNA that they need more costing locations. They expressed hope that even with the president’s co-funding, cable installation fees for their electrical vehicles will be lower.