HuanZhou Neutral Newbie November 13, 2021 Share November 13, 2021 Was looking at PEV or Plug-in hybrid, anyone know if it qualifies for the EV rebate? ↡ Advertisement Link to post Share on other sites More sharing options...
Meanmachine 6th Gear November 13, 2021 Share November 13, 2021 To what I have read, it was announced by Deputy PM Heng Swee Kiat during Budget statement 2021, $113 million was set aside for rebates, however it was only for a one year period from 1/Aug 21-31 July 22. The rebates & additional Petrol Duty Rebates will be disbursed automatically to eligible recipients, he said . . . Link to post Share on other sites More sharing options...
ER-3682 Twincharged November 13, 2021 Share November 13, 2021 See what is the CEV Band.? Link to post Share on other sites More sharing options...
Volvobrick Supersonic November 13, 2021 Share November 13, 2021 32 minutes ago, HuanZhou said: Was looking at PEV or Plug-in hybrid, anyone know if it qualifies for the EV rebate? No. Link to post Share on other sites More sharing options...
inlinesix Supersonic November 13, 2021 Share November 13, 2021 38 minutes ago, HuanZhou said: Was looking at PEV or Plug-in hybrid, anyone know if it qualifies for the EV rebate? NO. PHEV is not EV. 1 Link to post Share on other sites More sharing options...
Carbon82 Moderator November 13, 2021 Share November 13, 2021 EV Early Adoption Incentive (EEAI) is only available for fully electric vehicle, which is also known as Battery Electric Vehicle (BEV). Owners who register fully electric cars will receive a rebate of 45% off the Additional Registration Fees (ARF), capped at $20,000. Do note that with the rebate, owner will be getting $10K less for PARF rebate, so effective saving is just $10K net (without factoring interest cost). However, do take note that BEV are also subjected to an additional flat component fee of $700/year (on top of road tax payable, from 2023), meaning the owner will be paying extra $7,000 over a 10 years period. If you take into consideration of the taxes differences between a Plug-in Hybrid Vehicle (PHEV) and BEV, the actual difference is not that significant after all, provided that the car are priced reasonably, which is not quite the case in today motoring scene. 6 1 Link to post Share on other sites More sharing options...
Volvobrick Supersonic November 13, 2021 Share November 13, 2021 Give you 10k take back 7k....😄 2 Link to post Share on other sites More sharing options...
inlinesix Supersonic November 13, 2021 Share November 13, 2021 6 minutes ago, Volvobrick said: Give you 10k take back 7k....😄 That’s for PETROL tax. The 20k incentive may not flow back to consumers. ↡ Advertisement Link to post Share on other sites More sharing options...
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