Singapore aims to reduce peak land transport emissions by 80% by or around mid-century. The electrification of vehicles alongside walking, cycling and taking public transport are key initiatives that will help us achieve this target.
In Singapore, where most of our power is generated from natural gas, we can be more sustainable by switching from internal combustion engine (ICE) vehicles to electric vehicles (EVs). An EV emits half the amount of CO2 as compared to a similar vehicle powered by ICE. If all our light vehicles run on electricity, we would reduce carbon emissions by 1.5 to 2 million tonnes, or about 4% of total national emissions.
Under the Singapore Green Plan 2030, we have a comprehensive EV Roadmap to drive EV adoption. As EV technology matures, we expect that the upfront cost of buying an EV and ICE vehicle to be similar by the mid-2020s. The accessibility of charging infrastructure is vital for encouraging EV adoption, and we have set a target of 60,000 EV charging points by 2030. This includes working with the private sector to achieve 40,000 charging points in public carparks and 20,000 charging points in private premises. Every HDB town will also be an EV-Ready Town, with approximately 2,000 carparks to be equipped with charging points by 2025.