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Singapore introducing stiff new feebate scheme for low carbon cars
29 November 2012
Singapore will implement a new Carbon Emissions-Based Vehicle Scheme (CEV) on 1 January 2012, providing rebates to qualified new cars, taxis, and imported used cars with low carbon emissions, and imposing an equivalent surcharge on higher emitting vehicles. This new scheme will replace the existing Green Vehicle Rebate (GVR) scheme that will expire on 31 December 2012.
Under CEV, all new cars, taxis, and imported used cars registered from 1 January 2013 with low carbon emissions of less than or equal to 160g CO2/km will qualify for rebates of between S$5,000 and S$20,000 (US$4,097 to US$16,389), which will be offset against the Additional Registration Fee (ARF) payable.
Cars with carbon emissions equal to or more than 211g CO2/km will incur a corresponding registration surcharge of between $5,000 and $20,000. The surcharges will only take effect six months later, from 1 July 2013, to give consumers and the motor industry more time to adjust.
To encourage taxi companies to adopt lower emission models for their fleet, the CEV rebate and registration surcharge for taxis is set at 50% higher compared to cars, i.e. between $7,500 and $30,000 (US$6,146 to US$24,584).
|CEV bandings (Singapore dollars)|
|A1||0 to 100||$20,000||$30,000|
|A2||101 to 120||$15,000||$22,500|
|A3||121 to 140||$10,000||$15,000|
|A4||141 to 160||$5,000||$7,500|
|B||161 to 210||0||0||0||0|
|C1||211 to 230||$5,000||$7,500|
|C2||231 to 250||$10,000||$15,000|
|C3||251 to 270||$15,000||$22,500|
|C4||271 and above||$20,000||$30,000|
As non Euro V-compliant diesel models emit significantly more fine particulate matter, they will not enjoy the ARF rebates under the CEV even if they fall within the rebate emission bands. However if these models fall within the surcharge bands, the appropriate CEV surcharge will still apply.
The CEV will be applicable till 31 December 2014. The scheme will be reviewed, taking into consideration its impact on motorists’ purchasing decision, technological advances and the progress in Singapore’s overall mitigation efforts on climate change.
To help car buyers make informed decisions, the CO2/km performance data for each car model is available on mandatory Fuel Economy Label (FEL) information labels affixed on cars that are on sale in showrooms. The label, which carries Singapore’s Land Transport Authority’s (LTA) logo, is required to be affixed on cars and light goods vehicles (LGVs) that have been approved from 1 July 2012 and are displayed for sale.
The new label highlights the model’s carbon emissions per kilometer (CO2/km), fuel consumption and relative carbon emission performance. The label also shows the car banding under the CEV and corresponding rebate or surcharge to encourage consumers to shift to more fuel efficient and lower carbon emission models.
The outgoing Green Vehicle Rebate (GVR) scheme was introduced in 2001 to encourage the take up of green vehicles. Electric, hybrid and compressed natural gas vehicles are given a rebate of up to 40% of the vehicle’s Open Market Value (OMV) which is offset against the vehicle’s Additional Registration Fee (ARF).
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