Buyers of cleaner cars and taxis can get bigger rebates from next year, while those who purchase vehicles that produce more emissions can expect to pay higher surcharges, said NEA and LTA on Thurs. These come under the enhanced VES, which take effect on Jan 1, 2021, and will last until Dec 31, 2022. The scheme was introduced in 2018 to encourage drivers to choose vehicles with lower emissions across five pollutants. Rebates and surcharges are determined by a vehicle’s band under the scheme: A1, A2, B, C1 or C2, with A1 being the cleanest and C2 being the most pollutive. Under the enhanced VES, new cars and imported used cars in bands A1 and A2 will see a S$5,000 increase in rebates. With the EV Early Adoption Incentive also starting on Jan 1, buyers of new fully electric cars could save up to S$45,000, while buyers of new fully electric taxis can save as much as S$57,500. “The higher savings will encourage electric vehicle adoption by further narrowing the upfront cost gap between electric cars and their ICE equivalents,” the agencies said.... Continue Reading