LHN Energy has expressed strong support for the recent Singapore Budget, which introduces measures to accelerate the decarbonisation of the transport sector. The Budget, announced on Tuesday, includes incentives for electric heavy vehicles and the development of charging infrastructure, which are seen as pivotal steps towards achieving Singapore’s net-zero goals.
The Heavy Vehicle Zero Emissions Scheme and the Electric Heavy Vehicle Charger Grant are designed to reduce cost barriers for businesses transitioning to electric vehicles. Jeremy Ong, General Manager of LHN Energy, highlighted that these initiatives reflect the government’s understanding of the challenges faced by fleet operators and provide practical solutions to facilitate their transition.
Beyond environmental benefits, Ong emphasised that sustainability is also an economic imperative. “By embracing electric heavy vehicles, businesses can mitigate long-term fuel costs and operational expenses whilst contributing to a greener future,” he stated. LHN Energy has long advocated for a comprehensive electric vehicle (EV) ecosystem, which includes not just vehicle adoption but also the development of a robust charging infrastructure.
The government’s co-funding approach aligns with LHN Energy’s vision of an integrated and accessible charging network, which is essential for widespread EV adoption across industries. Whilst acknowledging the introduction of the Additional Flat Component for electric heavy vehicles, Ong believes that the economic advantages of electrification will outweigh initial costs in the long run.
The Budget’s measures are seen as reinforcing Singapore’s position as a leader in green transport innovation. LHN Energy remains committed to supporting businesses in this journey and plans to continue innovating and expanding its suite of EV solutions to drive a cleaner, more energy-efficient future. With the right incentives and infrastructure, the transport sector is poised to accelerate its transformation towards sustainability.
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