Singapore will introduce financial incentives for electric heavy vehicles and their charging infrastructure, aiming to accelerate fleet electrification, a government official announced.
Under the new Heavy Vehicle Zero Emissions Scheme (HVZES), owners of electric goods vehicles, buses, and goods-cum-passenger vehicles with a Maximum Laden Weight (MLW) exceeding 3,500 kg will receive 40,000 Singaporean dollars (approx. 28,000 euros) per vehicle.
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The incentive, available from January 1, 2026, to December 31, 2028, will be disbursed in three stages—13,000 Singaporean dollars upon registration, 13,000 dollars after one year, and 14,000 dollars after two years, Senior Minister of State for Transport Amy Khor said during a parliamentary session.
To support the growing demand for charging infrastructure, the government is also launching the Electric Heavy Vehicle Charger Grant (EHVCG). This program will co-fund up to 50% of the installation cost for the first 500 private heavy vehicle chargers, capped at 30,000 Singaporean dollars per charger.
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The Land Transport Authority (LTA) stated that companies must purchase at least one electric heavy vehicle per charger and install it at designated truck or coach lots with an output of at least 50 kW.
Both programs will run concurrently from January 1, 2026, to December 31, 2028. “These measures will narrow the lifecycle cost gap between electric and internal combustion engine heavy vehicles and spur adoption,” Khor said.
Source: lta.gov.sg