Singapore’s new Carbon Emissions-based Vehicle Scheme (CEVS) has come into effect, applying to all new cars, taxis and newly imported used cars registered from this year onwards, reports Bernama.
Under CEVS, all new and imported used cars registered from January 1 with low CO2 emissions of 160 grams per km or less will qualify for rebates of between S$5,000 and 20,000 (RM12,500-50,000). These rebates will offset the vehicle’s Additional Registration Fee.
Cars with high CO2 emissions of 211 grams per km or more will incur a corresponding registration surcharge of between S$5,000 and 20,000. The surcharges will only take effect from July 1 to give consumers and the motor industry more time to adjust.
Car buyers are advised by the Land Transport Authority (LTA) to look out for the mandatory Fuel Economy Labelling Scheme (FELS) labels with LTA’s logo at car showrooms.
The FELS label provides information on a car’s carbon emissions and fuel economy, and is required to be affixed on LTA-approved cars. Only LTA-approved cars under FELS can be registered for use from January 1. The scheme is applicable until December 31, 2014.
A year ago, we carried news of the Singaporean government’s plans to lower the annual special tax on Euro 5-compliant diesel cars beginning January 1, 2013.