Singapore to Push for Electric Vehicles in the 2020 Budget:

Singapore: Heng Swee Keat, The Deputy Prime Minister of Singapore, in his 2020 budget speech has announced that the country plans to phase out all the vehicles running on fossil fuels [internal combustion engine] by 2040. He has in his speech also outlined a slew of measures aimed at promoting the use of electric vehicles [EV’s].

EV Early Adoption Incentive [EEAI] is one such measure the budget talks about adopting, where taxis....