Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

ac323

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The new Carbon Emissions-based Vehicle Scheme (CEVS) will apply to all new cars, taxis and newly imported used cars registered with effect from 1 January 2013.

The Land Transport Authority (LTA) said car buyers are advised to look out for the mandatory Fuel Economy Labelling Scheme (FELS) labels with the LTA's logo at car showrooms.

The label is required to be put on cars that have been LTA-approved.

The label provides the carbon emissions and fuel efficiency performance of the car model to help buyers make informed decisions.

Only cars that are approved by LTA under FELS can be registered for use from 1 January and low emission models will qualify for CEVS rebates.

Buyers can also access the FELS online database and fuel cost calculator at the ONEMOTORING website to compare the carbon emissions and fuel efficiency performance data across car models that are LTA approved.

Under the new scheme, registered cars with low carbon emissions of less than or equal to 160g carbon emissions per kilometre (CO2/km) will qualify for rebates of between S$5,000 and S$20,000.

This will be given as an offset against the vehicle's Additional Registration Fee.

Cars with high carbon emissions equal to or more than 211g CO2/km, will incur a registration surcharge between S$5,000 and S$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.

The CEVS will be applicable till 31 December 2014.
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

more opacity! can take higher spread for car dealers !
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

I tot this also eats into the OMV of the vehicle?
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

Wonder why its applicable till 14th Dec 2014?
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

"The CEVS will be applicable till 31 December 2014" - does it mean from 1 Jan 2015, CEVS no longer applies? Or CEVS is a trial project and pending on result if scheme provides overall more $ or less $ for LTA? Hmmmmm :thinking:
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

maybe 2014 new COE system introduce... ohh man... M4 haven't even launch yet leh!
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

jaskin;938338 said:
maybe 2014 new COE system introduce... ohh man... M4 haven't even launch yet leh!
Oh now it reminds me that 2015 is the year where the Satellite based ERP system supposed to be introduced... :thinking: :thinking:
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

In 2014, cars above 140 CO2/km pay more surcharge ..... where got such thing as rebate in Singapore ......
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

Baby1M;938349 said:
Oh now it reminds me that 2015 is the year where the Satellite based ERP system supposed to be introduced... :thinking: :thinking:


Good grief! I think so too!
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

kevinbmw;938310 said:
I tot this also eats into the OMV of the vehicle?
OMV no change. ARF reduce => PARF reduce.
 
Re: Carbon Emissions-based Vehicle Scheme kicks in 1 Jan........

Does it mean u get back lesser when scrapping the car?
 

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