Emissions-based car rebates from Jan 1 [News]

March 8, 2012 by  
Filed under News

By Goh Chin Lian, The Straits Times, 8 Mar 2012.

Singapore’s new emissions-based vehicle taxation system will be rolled out in two stages.

Buyers of cars with low carbon dioxide emissions will enjoy tax rebates of up to $20,000 from Jan 1 next year, just after the current rebate scheme based on engine type runs out.

The rebates will be used to offset the Additional Registration Fee (ARF).

Six months later, on July 1, those who buy cars with high C02 emission will face registration surcharges of up to $20,000 levied in cash.

The staggered treatment for new cars, imported used cars and taxis is to give consumers and the motor industry more time to adjust, said Transport Minister Lui Tuck Yew yesterday. And in recognition that diesel-driven cars still inherently generate more pollution than petrol-driven ones, diesel-driven cars which fall into the low carbon categories will not be given rebates, while those which are in the high carbon categories will be penalised.

Click here to read the full story.

Source: The Straits Times

Related Posts

Add New Comment

Tell us what you're thinking.