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Budget 2020: Encouraging Use of More Environmentally Friendly Vehicles

Carbon82

By Carbon82,
in General Car Discussion

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Sdf4786k

Sdf4786k

Twincharged
(edited)
  On 2/19/2020 at 7:13 AM, inlinesix said:

I don’t think either plant built any EV yet.

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but sooner or later, it's an inevitable pathway...

I still feel that hydrogen engine would be the wave of the future.

But recent development like Porsche spider seems to see great advances in the gain in performance.

Edited by Sdf4786k
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Sdf4786k

Sdf4786k

Twincharged

all those schemes is fundamentally flawed as the dealers just mark up the price of the margin.

At the end of the day, sound like we have not learned our lesson on who actually benefits, be it VES or new EV scheme. Buyer don't really benefit.

A safer bet would be a tax rebate scheme into the income tax.

That way, its definitely going to the buyer and not another avenue for dealers to see how to adjust the prices of the margin to earn. 

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inlinesix

inlinesix

Hypersonic
  On 2/20/2020 at 1:45 AM, Sdf4786k said:

but sooner or later, it's an inevitable pathway...

I still feel that hydrogen engine would be the wave of the future.

But recent development like Porsche spider seems to see great advances in the gain in performance.

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BMW launched 7 series hydrogen more than 10 years ago. 
Don’t know what happens after that 

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Mkl22

Mkl22

Supersonic
(edited)
  On 2/19/2020 at 6:42 AM, Knoobie said:

The whole idea was to discourage people from owning cars. If people die die want car, must buy "clean" cars. 

I'll not be surprised after this they U Turn and say EVs need to be tax for the carbon footprint caused by providing recharge. Or battery disposal tax.. 

 

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yawn.... you actually believe it?

if less and less people actually buy cars... how to cover the 1B in taxes from vehicles and get it from other sources?

 

I believe otherwise, in that they want people to own cars, but use it minimally or tax the hell out of it when you use it except during unearthly hours.

they already made it crystal clear than losing revenue via leakage from fuel tax is a big no no. 1st was half tank rule, then 3/4 tank rule and then tax diesel and include it in to the 3/4 tank rule and now tax on EV to compensate.

Edited by Mkl22
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-NIL-

-NIL-

Neutral Newbie

Seems like with the current objective of the govt and their policies, for now if anyone still wants to buy a vehicle just go and whack petrol/diesel(big SUVs etc.). 20years later if the vehicle got any problem, will be just in time to change it. 20years before the implementation still quite a long time to go. Currently incentives to get an EV is still quite pathetic compared to initial cost 

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Knoobie

Knoobie

Supercharged
  On 2/20/2020 at 6:38 AM, Mkl22 said:

yawn.... you actually believe it?

if less and less people actually buy cars... how to cover the 1B in taxes from vehicles and get it from other sources?

 

I believe otherwise, in that they want people to own cars, but use it minimally or tax the hell out of it when you use it except during unearthly hours.

they already made it crystal clear than losing revenue via leakage from fuel tax is a big no no. 1st was half tank rule, then 3/4 tank rule and then tax diesel and include it in to the 3/4 tank rule and now tax on EV to compensate.

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did you read my whole post or just my first sentence...

pretty sure i already covered how EV will be taxed potentially to recover the loss

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ferrytales

ferrytales

4th Gear

It is actually quite interesting how HK adopted the EV scheme much earlier than us but till now, charging stations are still the major concern there. Some of the articles are old but still gold, SG might have used HK's model as reference or other countries by implementing tax rebates/early adoption schemes etc. 

Only time will tell whether this will go down the drain just like diesel/cng. End of the day, if the infrastructure ain't there, people ain't gonna buy it. Just look at the news about how there was a long queue for the Tesla superchargers during the festive period in the States. 

Let's also not forget the amount of $$ govt will lose from petrol by promoting EV and I remember reading an article about how it is not that environmental friendly to dispose of the electrical vehicles. Ourselves slapping ourselves left right centre, bloody joke. 

https://blog.moneysmart.sg/transportation/why-isnt-lta-making-it-easier-to-drive-an-electric-car-in-singapore/

https://www.straitstimes.com/singapore/transport/lta-relooking-case-of-tesla-electric-car-slapped-with-15000-carbon-surcharge

https://www.scmp.com/news/asia/southeast-asia/article/3023835/singapore-hits-back-elon-musk-saying-electric-cars-are

https://www.scmp.com/news/hong-kong/economy/article/2131964/has-hong-kong-pulled-plug-electric-cars

https://www.scmp.com/news/hong-kong/transport/article/2184343/hong-kongs-electric-car-trade-scheme-gets-boost-why-didnt

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kelaihoyin

kelaihoyin

5th Gear
  On 2/20/2020 at 2:55 AM, Sdf4786k said:

all those schemes is fundamentally flawed as the dealers just mark up the price of the margin.

At the end of the day, sound like we have not learned our lesson on who actually benefits, be it VES or new EV scheme. Buyer don't really benefit.

A safer bet would be a tax rebate scheme into the income tax.

That way, its definitely going to the buyer and not another avenue for dealers to see how to adjust the prices of the margin to earn. 

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Is not flawed. They obviously knew it and designed it this way. Since when our governments schemes are "more beneficial" to the consumer without enticing more for the companies.

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Ct3833

Ct3833

Supersonic
(edited)
  On 2/19/2020 at 11:12 AM, ferrytales said:

Just like few years back for diesel and cng. End up failed project. 

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If EV car volume starts to pick up, LTA better work with SP to ensure sufficient number of charging stations, otherwise we can see people fighting for charging stations like A&W fighting for seats.

And one more thing LTA has  not mentioned or thought  about it, they charge hefty fuel tax to discourage car usage(their excuse? ), so next, they will levy higher electricity  meter charges for EV car charging. They are likely cracking their heads now to see how to make up fuel tax shortfall, $700 per year is not going to be enough. Let's see if this will happen. 

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inlinesix

inlinesix

Hypersonic
  On 2/21/2020 at 2:27 PM, Ct3833 said:

If EV car volume starts to pick up, LTA better work with SP to ensure sufficient number of charging stations, otherwise we can see people fighting for charging stations like A&W fighting for seats.

And one more thing LTA has  not mentioned or thought  about it, they charge hefty fuel tax to discourage car usage(their excuse? ), so next, they will levy higher electricity  meter charges for EV car charging. They are likely cracking their heads now to see how to make up fuel tax shortfall, $700 per year is not going to be enough. Let's see if this will happen. 

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If do the math, Jaguar i-pace and BMW X3 M40 pays almost the same amount of road tax under revised formula.

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Xers007

Xers007

Supercharged
  On 2/19/2020 at 11:56 AM, Sdf4786k said:

Yeah .. at the end of 10 years, there is a huge burden to replacement and dispose of the battery responsibly 

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Now can get back a few hundred for the body, next time the few hundred to offset for batteries disposal.

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Philipkee

Philipkee

Twincharged

If the govt were really sincere in moving towards EV, first thing they should do is mandate all public buses and taxis to be fully electric.  The bus companies and taxi companies can easily build the infrastructure for their own vehicles.  This infrastructure can slowly be expanded to include all vehicles.

Then if there are any teething problems it will be seen then.  Once it is resolved, move it to make all or most private vehicles electric as planned.  For example if taxis find it hard to charge their taxis cos it takes too long even if the infrastructure is there, the govt will know that if private vehicles turn electric the same problem will happen on a bigger scale.  

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