Annotated Summary

Ecofys. (2018, September 03). Incentives for electric vehicles in Norway. Retrieved 07 November 2019, from https://www.euki.de/wp-content/uploads/2018/09/fact-sheet-incentives-for-electric-vehicles-no.pdf

In the report ‘Incentives for Electric Vehicles in Norway‘, Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU) (2018) focused on different ways to incentivize motorists who choose to use electric vehicles. To encourage motorists in Norway to use electric vehicles(EVs) instead of the internal combustion engine vehicles (ICEVs), the government had provided different incentives for the motorist who choose to purchase EVs in Norway. The report mentioned the various incentives that the Norway government had introduced. Reduction of annual road tax, free municipal parking, having access to bus lanes, no toll charges, value-added tax exemption are some of the incentives that Norway has. According to the report, the survey had shown that the majority of the motorists were attracted to financial incentives as compared to other forms of incentives. It mentioned that the implementation of these incentives was a success as the sales of EVs have been rising ever since it was implemented. Because of the increased amount of EVs on the road, the carbon emission has been reduced significantly. The report concluded by stating that these policies had caused EVs to be considerably cheaper than conventional cars, both at the point of purchase and during operation. Due to the large amount of ICEVs in Singapore, Singapore should also adopt a similar approach as it has been proven to be effective in Norway. According to the report, providing a significant amount of incentives through financial means will undoubtedly promote the use of EVs in Singapore. The use of EVs will also reduce its overall carbon emission. In conclusion, increasing the incentives provided for EVs owners in Singapore will encourage motorists to purchase EVs instead of conventional cars.