Focus on adopting other cleaner vehicle models not only EVs: analyst

Hybrids will also encourage gas stations to adapt to electric vehicles.

Aside from purely focusing on shifting to electric vehicle (EV) models, targets on adopting hybrid models is also necessary in Singapore, analyst, KPMG, said.

Hybrid models of cleaner energy vehicles such as those operated by a mix of ICE and electric motors are needed, especially at a time where prices of vehicles in the market are high. 

“This gives some leeway for operators to test different operating models – such as vehicle sharing and leasing – to find commercially sustainable approaches,” said KPMG.

Shifting to hybrid models will also encourage businesses such as gas stations to make efforts to adapt to the EV ecosystem.

Aside from this, local enterprises and investors should adapt to the EV and hybrid car use.

To also help build the EV market, technology, consumer appetite as well as skilled workforce are also needed

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Here’s what an advanced security firm looks like
AETOS offers training courses on security, technology, and facilities management. 
Why long-term investments are key to surviving inflation
BetterTradeOff CEO Laurent Bertrand recommends investing in alternative asset classes.
What hinders manufacturing firms from lowering their carbon footprint
Chevron Singapore Country Chairman Law Tat Win said the right policies and partnerships are needed for a cleaner energy shift.