{
  "id": 5092831,
  "title": "Heavy EV incentive cut will slow adoption but could ease COE premiums: observers",
  "url": "https://urgent.news/2026/09/02/heavy-ev-incentive-cut-will-slow-adoption-but-could-ease-coe-premiums",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-02T08:09:03.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/singapore/heavy-ev-incentive-cut-will-slow-adoption-could-ease-coe-premiums-observers"
  },
  "original_language": "en",
  "account": "The Land Transport Authority (LTA) has reduced incentives for certain electric heavy vehicles (EHVs) in Singapore from S$40,000 to S$15,000 effective September 3. The change aims to address the growing availability of lower-emission models in the 3,501 to 7,000 kg range, potentially slowing EHV adoption but also easing Certificate of Entitlement (COE) premiums for the commercial vehicle category. LTA believes this adjustment ensures the scheme remains effective as cost differentials between electric and internal combustion engine (ICE) heavy vehicles narrow. Only vehicles over 7,000 kg remain eligible for the full S$40,000 incentive. The Heavy Vehicle Zero Emissions Scheme, which began in January 2026, has seen encouraging uptake of EHVs, comprising 30% of heavy vehicle registrations in July 2026, up from less than 1% in 2025. However, industry observers warn the incentive reduction could significantly impact adoption, potentially leading to a drop in the COE premium for the commercial vehicle category.",
  "summary": "Incentive reduced to S$15,000 from S$40,000, aimed at the largest segment of EHVs in the 3,501 to 7,000 kg range",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}