New Carbon Emission-Base Vehicle Scheme From 01 Jan 2013

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New Carbon Emission-Base Vehicle Scheme From 01 Jan 2013

Post  CoolzMK on Sat May 05, 2012 12:48 am

A new Carbon Emissions-Based Vehicle Scheme (CEVS) will apply to all new cars, taxis and newly imported used cars with effect from Jan 1, 2013, the Land Transport Authority said on Wednesday. This followed announcements made by Minister for Transport Lui Tuck Yew in Parliament.

Under CEVS, all new cars and imported used cars with low carbon emissions of less than or equal to 160g carbon emissions per kilometre (CO2/km) will qualify for significant rebates of between $5,000 and $20,000, which will be given as an offset against the vehicle's Additional Registration Fee (ARF) payable.

Cars with high carbon emissions equal to or more than 211g CO2/km will incur a corresponding registration surcharge between $5,000 and $20,000. The CO2/km performance data for each car model will be provided on mandatory information labels at car showrooms.

To encourage taxi companies to adopt lower emission models for their fleet, the CEVS rebate and registration surcharge for taxis is set at 50 per cent higher compared to cars, between $7,500 and $30,000.

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Re: New Carbon Emission-Base Vehicle Scheme From 01 Jan 2013

Post  CoolzMK on Sat May 05, 2012 12:52 am

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