Singapore
The Singapore Land Transport Authority (LTA) and the National
Environment Agency (NEA) have announced that green vehicle rebates
(GVR) will be extended for another two years, until 31 December 2007.
From 1 January 2006, owners of green vehicles will enjoy the following
rebates:
For Compressed Natural Gas (CNG) Vehicles
(a) Rebate equivalent to 40% of the vehicle’s Open Market Value (OMV)
for passenger cars and 5% of the vehicle’s OMV for buses that can be
used to offset the ARF payable at registration. For CNG taxis, the
rebate will be equivalent to 80% of the vehicle’s OMV from 1 January
2006 to 30 September 2006, as was announced in March 2004, to
facilitate the introduction of Euro IV standards for diesel
vehicles. Thereafter, from 1 October 2006 onwards, the rebate for
CNG taxis will be equivalent to 40% of the vehicle’s OMV.
For Electric and Hybrid Cars
(a) Rebate equivalent to 40% of the car’s OMV that can be used to
offset the Additional Registration Fee (ARF) payable at registration;
Owners of green cars and taxis would therefore enjoy rebates of 40% of
the car’s OMV, up from the present 20% of OMV. With the higher rebates
on the taxes payable at registration, the prevailing road tax rebates
for all green vehicles will no longer apply
To encourage the use of green vehicles, GVRs were first introduced in
January 2001 for the registration and use of electric and hybrid cars,
and were extended to CNG vehicles in October 2001. The GVRs aim
to narrow the cost differential between green vehicles and conventional
vehicles. The GVR was extended again in January 2004.
The NEA release says the Government will continue to explore ways to promote environmentally friendly vehicles.
