VES 2018

[Spring]

Facelifted Honda Jazz has just been listed on Kah price list with delivery in Jan 2018. The 1.3l seems to have a higher rebate from $5k to $10k but its the inverse for the 1.5l which moves from $5k rebate to neutral so looks like there will be cars with rebates unlike first reported that even hybrids are worse off under the new VES scheme.

 

http://www.sgcarmart.com/new_cars/pricelist/13/2017-08-11.pdf

 

See the old price list under the current CEVS scheme which shows $5k rebate for both 1.3l n 1.5l

 

http://www.sgcarmart.com/new_cars/pricelist/13/2017-04-03.pdf

Edited August 12, 2017 by Spring

[therock]

http://www.straitstimes.com/singapore/environment/singapore-budget-2017-6-things-to-know-about-the-new-carbon-tax-tweaked

 

 

 

1. THE CARBON TAX WILL TARGET LARGEST EMITTERS OF GREENHOUSE GASES, RATHER THAN INDIVIDUAL USERS OF ELECTRICITY

The tax will likely cost between $10 and $20 per tonne of emissions, which is in the range of similar carbon tax rates around the world.

It will generally be applied on the largest emitters of greenhouse gases, such as power stations and direct emitters, rather than on individual users of electricity.

 

 

2. THE TAX SERVES AS A PRICE SIGNAL FOR INDUSTRIES

The carbon tax will "create a price signal to incentivise industries to reduce their emissions", Mr Heng said.

It will help achieve Singapore's commitment to reduce emissions under the Paris Agreement, which Singapore signed in 2016 along with more than 120 other countries.

As part of the agreement, Singapore pledged to cut emissions intensity by 36 per cent below 2005 levels by 2030 and stabilise emissions with the aim of peaking around 2030.

3. CONSULTATIONS WITH THE PUBLIC ON THE CARBON TAX WILL BEGIN IN MARCH

The Government will conduct public consultations on the carbon tax in March. It has already started consultations with industries.

The final carbon tax and exact implementation schedule will be decided after consultations and further studies. Measures will also be introduced to help ease the transition.

4. DIESEL TAXES RESTRUCTURED FROM LUMP-SUM TAX TO USAGE-BASED TAX

Current diesel taxes, which are a lump sum Special Tax levied on diesel cars and taxis, will be restructured to a volume-based duty.

The duty, which took effect on Monday (Feb 20), costs $0.10 per litre, and will be levied on automotive diesel, industrial diesel and the diesel component in biodiesel.

This is to incentivise users to reduce diesel consumption.

“At the same time, I will permanently reduce the annual Special Tax on diesel cars and taxis by $100 and $850 respectively. In this way, we shift from an annual amount of tax to one which is related to usage," said Mr Heng.

The Special Tax reduction will offset the impact of the new diesel duty for most drivers.

5. THE CURRENT CARBON EMISSIONS-BASED VEHICLE SCHEME (CEVS) WILL BE REPLACED

A new Vehicular Emissions Scheme will replace the CEVS, which was implemented in 2013 with the aim of encouraging use of vehicles with low carbon emissions.

Under this new scheme, which will run for two years beginning from Jan 1, 2018, four more pollutants will be considered on top of carbon dioxide.

The Vehicular Emissions Scheme will be reviewed before it expires.

Meanwhile, the current CEVS will be extended to Dec 31, 2017.

6. EARLY TURNOVER SCHEME TO BE ENHANCED, EXTENDED

The Early Turnover Scheme, which was introduced in 2013 to encourage early replacement of older and more pollutive commercial diesel vehicles, is due to expire on July 31 this year.

It will be extended to July 31, 2019 for vehicle owners who turn over their existing Euro II and III commercial diesel vehicles for Euro VI vehicles.

The scheme has seen owners of 27,000 vehicles switch to cleaner models.

The Certificate of Entitlement (COE) bonus period for Light Goods Vehicles will also be further enhanced, with more details revealed at a later date.

 

[L23]

So in short, there is not even a confirm list reflecting the tax car buyer have to pay for each model until now.

We are less than 4 month away from the new ruling.

 

Since when my old familiar Singapore who is always early in submitting homework in the 70s to 90s, become lazy and go for JIT scheme??

 

We have more workforce in the ministry now, better pay structure and bonuses but work rate seem to go otherwise..

Talking about productivity... hmm.... 

Talking about smart nation... hmm.... 

Talking about world class in everything... hmm.... 

[Mcscot]

Bros ... is there a VES car list? I was told that the new CRV will attract a $10K surcharge from Jan 2018 so just want to see if that's true which may change my decision about buying it sooner.

[Soya]

Bros ... is there a VES car list? I was told that the new CRV will attract a $10K surcharge from Jan 2018 so just want to see if that's true which may change my decision about buying it sooner.

Nope. It's the usual half past six policy rollout by LTA that's giving ADs an advantage in scare tactic buying

[Dafansu]

Nope. It's the usual half past six policy rollout by LTA that's giving ADs an advantage in scare tactic buying

agree with u, no need to be overly worried, they want they can increase price, the COE will come down. eventually buyers will see the overall car price.

[Soya]

agree with u, no need to be overly worried, they want they can increase price, the COE will come down. eventually buyers will see the overall car price.

If COE does drop, be rest assured buyers only hv max 3 mths to take advantage b4 they reduce quota to prop up COE prices again

[Dafansu]

If COE does drop, be rest assured buyers only hv max 3 mths to take advantage b4 they reduce quota to prop up COE prices again

there's a fixed calculation for the quota, not happy happy just reduce. The next review will be announced and start by next year. The growth now is 0.25%

[Soya]

there's a fixed calculation for the quota, not happy happy just reduce. The next review will be announced and start by next year. The growth now is 0.25%

Dun bet on it. They throw in the 'car-lite' word n simi sai calculations r easily forgotten. I mean, if they can come up w nonsense like the 130bhp thingy, VES thingy that even Prius cannot meet, all extg rules can go out the door anytime

[Vidz]

Edited August 29, 2017 by Vidz

[Tohto]

there's a fixed calculation for the quota, not happy happy just reduce. The next review will be announced and start by next year. The growth now is 0.25%

 

They can change this 0.25% growth to negative as they like...

[DACH]

They can change this 0.25% growth to negative as they like...

Then can see how much their votes go down in the next GE.

[L23]

Then can see how much their votes go down in the next GE.

Their votes are assured. Don't worry

[Dafansu]

They can change this 0.25% growth to negative as they like...

 

Usually it's a yearly or 2 to 3 years review. The existing set at 0.25% per annum in fact will be from February 2015 to January 2018. 

[Wt_know]

with the stroke of a pen ... everything can be re-written ...

heads i win ... tails you lose ... song bo !

Edited August 29, 2017 by Wt_know

[Soya]

LTA is not in the business of making COE cheap anymore. Gahmen expenditure is going up and it is the state's golden goose. I lost count of the number of policy pratas to keep prices hovering around the $40-50k range. Somemore now got the master key to do anything they like in the name of 'car-lite' The quicker we can accept that fact and work around it the better.

 

Otherwise hoping against hope will only miss the boat (hey....it rhymes!)

[Perspectivism]

LTA is not in the business of making COE cheap anymore. Gahmen expenditure is going up and it is the state's golden goose. I lost count of the number of policy pratas to keep prices hovering around the $40-50k range. Somemore now got the master key to do anything they like in the name of 'car-lite' The quicker we can accept that fact and work around it the better.

 

Otherwise hoping against hope will only miss the boat (hey....it rhymes!)

Curious, you must belong to 1 of the 3 groups

 

1. Clairvoyant

2. LTA or Govt itself

3. SE, dealer or someone who bought COE at a high

 

Hmm...

[Soya]

Curious, you must belong to 1 of the 3 groups

 

1. Clairvoyant

2. LTA or Govt itself

3. SE, dealer or someone who bought COE at a high

 

Hmm...

And u must be one of those waiting for ur $50 COE to drop from the sky