18 Feb '12, 12pm

Carbon Emissions-based Scheme welcomed

Carbon Emissions-based Scheme welcomed

SINGAPORE: Motor industry players said the introduction of the new Carbon Emissions-based Scheme announced on Friday in the Budget statement, is a positive move. They said some green car buyers could also potentially enjoy a higher rebate compared to the existing Green Vehicle Rebate Scheme. The take-up rate of green vehicles in Singapore remains modest, despite the availability of a Green Vehicle Rebate Scheme since 2001. Those with electric or hybrid cars stand to enjoy a 40 per cent rebate, which can offset their vehicles' Additional Registration Fee (ARF). But authorities realised there's a drawback. Compared to hybrid vehicles, some petrol cars with smaller engine capacities emit less carbon. So the new Carbon Emissions-based Scheme will kick in. Those with cars that emit less carbon will enjoy rebates of up to S$20,000 on their ARF. Meanwhile, those with cars that ar...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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