New carbon emissions-based vehicle scheme

[Darthrevan]

A new Carbon Emissions-Based Vehicle Scheme (CEVS) will apply to all new cars, taxis and newly imported used cars with effect from Jan 1, 2013, the Land Transport Authority said on Wednesday. This followed announcements made by Minister for Transport Lui Tuck Yew in Parliament.

 

Under CEVS, all new cars and imported used cars with low carbon emissions of less than or equal to 160g carbon emissions per kilometre (CO2/km) will qualify for significant rebates of between $5,000 and $20,000, which will be given as an offset against the vehicle's Additional Registration Fee (ARF) payable.

 

Cars with high carbon emissions equal to or more than 211g CO2/km will incur a corresponding registration surcharge between $5,000 and $20,000. The CO2/km performance data for each car model will be provided on mandatory information labels at car showrooms.

 

To encourage taxi companies to adopt lower emission models for their fleet, the CEVS rebate and registration surcharge for taxis is set at 50 per cent higher compared to cars, between $7,500 and $30,000.

 

source: http://www.straitstimes.com/Parliament/Sto...ory_774890.html

 

source: http://www.channelnewsasia.com/stories/sin...1187568/1/.html

 

 

[Escksu]

Hoho, its finally here. Carbon tax.

[SimonTan]

LPPL....reduce ARF payment... After ten years....the 50% PARF rebate will also be lower.

It means the resale value of the car will be lower due to lower PARF.

If gov cut COE quota in August, the COE will shoot up greatly....to even higher then the $5,000-$20,000 green rebate.

 

Also if the green cars are 'cheaper', then more people will want to buy, and eventually the demand will push up the COE price higher....and will equalized at COE+$5,000(or $20,000) acceptance level. Because ours is a limited closed market, the supply n demand is not elastic. So back to square one, the green car scost equally expensive as now.

 

[Torque6]

lol. finally 10k COE + carbon emission fees.

 

So Evo + WRX up how much? How does it applies to modified cars?

Edited March 7, 2012 by Torque6

[Icu]

Applies only to new cars right? Existing cars no impact or not?

Or else, grab one before 2013.

[Darthrevan]

Applies only to new cars right? Existing cars no impact or not?

 

according to the article..it applies only to newly registered cars..so its safe to assume that pre-owned vehicles are exempted

[Vhtfhwlego]

LPPL....reduce ARF payment... After ten years....the 50% PARF rebate will also be lower.

It means the resale value of the car will be lower due to lower PARF.

If gov cut COE quota in August, the COE will shoot up greatly....to even higher then the $5,000-$20,000 green rebate.

 

Also if the green cars are 'cheaper', then more people will want to buy, and eventually the demand will push up the COE price higher....and will equalized at COE+$5,000(or $20,000) acceptance level. Because ours is a limited closed market, the supply n demand is not elastic. So back to square one, the green car scost equally expensive as now.

Average estima omv @ 35k.

Hybrid @ 45k.

Normal estima / hybrid after ARF 70k, 90k.

After rebate / 70k / 70k.

 

Once this scheme take effects, those current hybrid owners had their cars devalued overnight

For me, I would buy a hybrid till things had been stabilized.

 

IMO: it doesnt pay to go green. See those current hybrid owners losing x percentage of their cars after government introduce this scheme abit too late.

[Tankk1173]

They can control $ingapore car population to go for 'Green', but cannot stop those Malaysia's non-green car from coming to our country. So, what's the point to introduce this. This is another source of income for LTA!

[Vega]

Applies only to new cars right? Existing cars no impact or not?

Or else, grab one before 2013.

 

2013 may never happen cos end of the world.

[Vega]

Average estima omv @ 35k.

Hybrid @ 45k.

Normal estima / hybrid after ARF 70k, 90k.

After rebate / 70k / 70k.

 

Once this scheme take effects, those current hybrid owners had their cars devalued overnight

For me, I would buy a hybrid till things had been stabilized.

 

IMO: it doesnt pay to go green. See those current hybrid owners losing x percentage of their cars after government introduce this scheme abit too late.

 

If look at it at the other end, big cc cars increase in value.

[Vega]

Average estima omv @ 35k.

Hybrid @ 45k.

Normal estima / hybrid after ARF 70k, 90k.

After rebate / 70k / 70k.

 

Once this scheme take effects, those current hybrid owners had their cars devalued overnight

For me, I would buy a hybrid till things had been stabilized.

 

IMO: it doesnt pay to go green. See those current hybrid owners losing x percentage of their cars after government introduce this scheme abit too late.

 

If look at it at the other end, big cc cars increase in value.

[Vega]

Average estima omv @ 35k.

Hybrid @ 45k.

Normal estima / hybrid after ARF 70k, 90k.

After rebate / 70k / 70k.

 

Once this scheme take effects, those current hybrid owners had their cars devalued overnight

For me, I would buy a hybrid till things had been stabilized.

 

IMO: it doesnt pay to go green. See those current hybrid owners losing x percentage of their cars after government introduce this scheme abit too late.

 

If look at it at the other end, big cc cars increase in value.

[Vega]

Average estima omv @ 35k.

Hybrid @ 45k.

Normal estima / hybrid after ARF 70k, 90k.

After rebate / 70k / 70k.

 

Once this scheme take effects, those current hybrid owners had their cars devalued overnight

For me, I would buy a hybrid till things had been stabilized.

 

IMO: it doesnt pay to go green. See those current hybrid owners losing x percentage of their cars after government introduce this scheme abit too late.

 

If look at it at the other end, big cc cars increase in value.

[Crazybugger]

so this will mean the big car COE will be maintain high coz people wanna buy big car will chiong in by this year?

will we see 100k COE?

[Jp66]

does this translate to lower taxi fare or more buffer to push up COE price?

 

Also, to encourage taxi companies to adopt lower emission models, the rebates and registration surcharges for cabs is set at 50 per cent higher compared to cars - at between S$7,500 and S$30,000.

Edited March 8, 2012 by Jp66

[Andyclhui]

Any idea about which car models are of carbon emissions of less than 160g CO2/km that will be eligible for the CEVS rebate?

[Jp66]

if everyone wait till 2013, there is a high chance Cat A COE will drop to $30K level

[S4vtec]

going to enjoy my Rex while it is still financially sound to do so....