I mentioned the same in another comment about public transport and car prices. Given very high COE cost which allows people to have a car for 10 years and to pay for new COE to renew. A COE can range from SG$ 32,000 to SG$76,000 or higher depending on demand.
But focus on public transport is one thing, still there is a large automobile market with related oil and gas related automobile industry. Moving to EV will threaten them and related jobs.
"The Certificate of Entitlement or COE is the quota licence received from a successful winning bid in an open bid uniform price auction which grants the legal right of the holder to register, own and use a vehicle in Singapore for a period of 10 years. When demand is high, the cost of a COE can exceed the value of the car itself."
Singapore's oil refining industry isn't threatened by some of the few COE owners switching to Teslas.
The government would be much more bothered by the idea their public might expect non-polluting personal vehicles to be made more affordable and available, and the resulting implications for traffic
But focus on public transport is one thing, still there is a large automobile market with related oil and gas related automobile industry. Moving to EV will threaten them and related jobs.