Adjustments to Vehicular Emissions Scheme and EV Early Adoption Incentive Beyond 2027

115 Mr Melvin Yong Yik Chye asked the Acting Minister for Transport whether the Ministry can provide clarity on how the Vehicular Emissions Scheme and the Electric Vehicle Early Adoption Incentive will be further adjusted beyond 2027, as part of our targets under the SG Green Plan, so as to reduce volatility in the COE market.

Mr Jeffrey Siow: The Electric Vehicle (EV) Early Adoption Incentive will cease from 1 January 2027. The Vehicular Emissions Scheme (VES) has been extended till end-2027. We will consider factors, such as EV adoption rates and upfront cost difference across powertrains, when reviewing VES in the future.

The Member may wish to refer to my response to the Adjournment Motion on 22 September 2025 for more context. [Please refer to ​"Toward Certificate of Entitlement (COE) 2.0", Official Report, 22 September 2025, Vol 96, Issue 2, Matter raised on Adjournment Motion section.]