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Singapore Extends and Increases Green Car Rebates for Two Years

7 October 2005

Singapore is extending and increasing its rebate program for green vehicles for another 2 years till the end 2007. The incentive is applicable to those who own electric, hybrid cars and Compressed Natural Gas (CNG) vehicles.

Owners of qualifying cars will get a rebate equivalent to 40% of the car’s open market value (OMV), up from the present 20%. The rebate is designed to offset the Additional Registration Fee payable at registration.

For buses, the rebate is 5%, and for CNG taxis, the rebate will be equivalent to 80% of the OMV from 1 January 2006 to 30 September 2006. From 1 October 2006 onwards, the rebate for CNG taxis will be equivalent to 40% of the vehicle’s OMV.

Singapore first introduced such rebates in 2001 for the registration and use of electric and hybrid cars, and extended the rebates to CNG vehicles in October 2001.


October 7, 2005 in Electric (Battery), Hybrids, Natural Gas, Other Asia | Permalink | Comments (1) | TrackBack (0)


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