New EV Buying Journey

[SGCM928]

On 2/2/2025 at 11:08 AM, Carbon82 said:

@inlinesix I have said that multiple times, the whole road tax structure is illogical to say the least.

For those who have yet to notice, there is a big jump of ~$1K from 230KW to 240KW. Why? When LTA adjusted the EV road tax formula a couple of years back, they did a half F job, revising the rate for those 230KW and less, while maintaining the rate for those >230KW.

Now about the AFC, $700 is applied across the board, ranging from a Kei car to Rolls Royce Spectre, is it "fair"? Ok let's not make it sounds that AFC favor the rich. What about taxi and PHV, where their mileage is easily 3 to more than 5 times higher than private passenger car, so is LTA providing some perks for these business owners?

If you bother to look at the changes in vehicle taxes in the past 30 - 40 years, it is not hard to see that we are being taken for a ride. COE, WEC/OPC, ERP, CNG, Diesel, CVES/VES, and now EV, go and read the press statement from LTA for each of these scheme, laugh die me.

I know what you are going to say next. Car-Lite, right? Whatever been levied on vehicle owners will eventually be passed down to the consumers, SMEs and MNCs, and it is no rocket science that when our overhead cost get too high, business owners will be forced out of this little red dot and our job at stake.

I shall stop here, let continue with EV discussion.

You hit the nail on the head. Unlike in the old days where company registered passenger car paid double the road tax, taxi attract an annual road tax of $7700, the current vehicle tax scheme indeed benefit companies while punishing private owner.

The whole vehicle tax structure need a major overhaul. To be fair to all road users, car used for businesses should pay more for COE, road tax and ERP using a multiplier factor, maybe 2x for the start. Make them think twice of bidding more for COE or snapping up EV to take advantage of the loopholes.

[inlinesix]

On 2/2/2025 at 4:26 PM, SGCM928 said:

You hit the nail on the head. Unlike in the old days where company registered passenger car paid double the road tax, taxi attract an annual road tax of $7700, the current vehicle tax scheme indeed benefit companies while punishing private owner.

The whole vehicle tax structure need a major overhaul. To be fair to all road users, car used for businesses should pay more for COE, road tax and ERP using a multiplier factor, maybe 2x for the start. Make them think twice of bidding more for COE or snapping up EV to take advantage of the loopholes.

With car-lite policy, Govt is discouraging ownership.

 

[inlinesix]

On 2/2/2025 at 11:08 AM, Carbon82 said:

@inlinesix I have said that multiple times, the whole road tax structure is illogical to say the least.

For those who have yet to notice, there is a big jump of ~$1K from 230KW to 240KW. Why? When LTA adjusted the EV road tax formula a couple of years back, they did a half F job, revising the rate for those 230KW and less, while maintaining the rate for those >230KW.

Now about the AFC, $700 is applied across the board, ranging from a Kei car to Rolls Royce Spectre, is it "fair"? Ok let's not make it sounds that AFC favor the rich. What about taxi and PHV, where their mileage is easily 3 to more than 5 times higher than private passenger car, so is LTA providing some perks for these business owners?

If you bother to look at the changes in vehicle taxes in the past 30 - 40 years, it is not hard to see that we are being taken for a ride. COE, WEC/OPC, ERP, CNG, Diesel, CVES/VES, and now EV, go and read the press statement from LTA for each of these scheme, laugh die me.

I know what you are going to say next. Car-Lite, right? Whatever been levied on vehicle owners will eventually be passed down to the consumers, SMEs and MNCs, and it is no rocket science that when our overhead cost get too high, business owners will be forced out of this little red dot and our job at stake.

I shall stop here, let continue with EV discussion.

Road tax for EV has formula error if I look at it in details.

For ICE car, the starting point for > 3,000cc is equivalent to previous tier.

For EV car, the starting point for highest 2 tier is wrong rather than illogical.

AFC is supposed to be a usage tax. It is stupid to slap a flat amount.

[Atonchia]

On 1/31/2025 at 5:34 PM, ER-3682 said:

I heard alot of EVs's Road Tax higher than ICE,anybody got the list of Road Taxes for Popular Models.?

It's like almost double of the 2.0L ICE car of $1200pa.

302BHP is $2260 pa

[Davidklt]

On 2/2/2025 at 5:38 PM, inlinesix said:

With car-lite policy, Govt is discouraging ownership.

 

Why are they building so many new roads and highways now when the policy is to be car-lite?

[inlinesix]

On 2/2/2025 at 6:33 PM, Davidklt said:

Why are they building so many new roads and highways now when the policy is to be car-lite?

Lite on ownership

Heavy on usage.

Car are common goods, i think 

[Atonchia]

Now I am a bit waivering to go EV earlier......

ICE.... I just found out my coolant leaking .... tomorrow going workshop to find which part of the system leaking. 

[RadX]

On 2/2/2025 at 6:38 PM, Atonchia said:

Now I am a bit waivering to go EV earlier......

ICE.... I just found out my coolant leaking .... tomorrow going workshop to find which part of the system leaking. 

Wait no more…😂

[Mkl22]

On 1/31/2025 at 5:34 PM, ER-3682 said:

I heard alot of EVs's Road Tax higher than ICE,anybody got the list of Road Taxes for Popular Models.?

Go sgcarmart and see lor. 

[ER-3682]

On 2/2/2025 at 7:14 PM, Mkl22 said:

Go sgcarmart and see lor. 

@Carbon82already put up a list..

[ER-3682]

On 2/2/2025 at 6:38 PM, Atonchia said:

Now I am a bit waivering to go EV earlier......

ICE.... I just found out my coolant leaking .... tomorrow going workshop to find which part of the system leaking. 

Car old already sure have Tear & Wear,EVs also have Coolant,may also leak when Aged.

[Atonchia]

On 2/2/2025 at 7:31 PM, ER-3682 said:

Car old already sure have Tear & Wear,EVs also have Coolant,may also leak when Aged.

Ok, EV uses coolant to cool the battery. ICE uses coolant to cool engine. Same function different parts. 

[Heartlander]

As I know more about the EV industry in China, the more I will think thrice to buy from certain Chinese EV makers here. Especially BYD with depts amounting to >S$100B and smelly reputation even in the industry in China, and XPeng that has been losing money since day 1 till now.

 

[inlinesix]

On 2/2/2025 at 9:28 PM, Heartlander said:

As I know more about the EV industry in China, the more I will think thrice to buy from certain Chinese EV makers here. Especially BYD with depts amounting to >S$100B and smelly reputation even in the industry in China, and XPeng that has been losing money since day 1 till now.

 

There are also SAIC, Geely, GWM, GAC & DongFeng in our market.

Beside that, VAG Group & BMW.

Plenty of choice 

[Heartlander]

On 2/2/2025 at 9:39 PM, inlinesix said:

There are also SAIC, Geely, GWM, GAC & DongFeng in our market.

Beside that, VAG Group & BMW.

Plenty of choice 

i not asking not to buy EV at all, but to exercise caution only. Or perhaps to know more about the EV makers' financial viability before commiting.

Edited February 2 by Heartlander

[Beanoyip]

On 2/1/2025 at 11:18 PM, ER-3682 said:

EVs Road Tax not cheap,those use very little like 12,000Km a Year not much saving.

Is there any EV subsidy? 

[Beregond]

On 2/2/2025 at 8:06 PM, Atonchia said:

Ok, EV uses coolant to cool the battery. ICE uses coolant to cool engine. Same function different parts. 

ICE coolant temp is 90+++

EV coolant temp is 30++

[ER-3682]

On 2/3/2025 at 7:08 AM, Beanoyip said:

Is there any EV subsidy? 

Gov't Subsidy on Vehicles are a Joke,discount on Upfront...take back from your PARF.