Singapore to introduce feebates scheme to encourage low carbon vehicle uptake
Fri 16 November 2012
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Singapore has announced plans to introduce taxes of between $5,000 and $20,000 on buyers of high carbon emission cars from July 1, 2013. Under the country's Carbon Emission-based Vehicle (CEV) scheme, buyers of low carbon cars will also be entitled to rebates between $5,000 and $20,000 starting from January 1.
To encourage taxi companies to adopt lower emission models for their fleet, the CEV rebate and registration surcharge for taxis will be set between $7,500 and $30,000, which is 50 per cent higher than that for cars.
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