AETOS, a member of the Surbana Jurong Group, as well as DBS Bank have pledged to convert all 42 vehicles used by DBS to electric vehicles (EVs) by 2026.

Both groups have also launched the first EV for cash and valuables escort (CVE) services on June 4, with a commitment to convert the rest of the seven CVE vehicles to EVs by end-2023.

The move comes in line with the Singapore government’s plans to phase out internal combustion engine vehicles and boost the adoption of EVs by 2040.

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