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  1. Diesel powered cars are expected to be a huge draw among buyers next year when a new emission based tax system kicks in on January. The new emission based tax scheme called - Carbon Emissions-based Vehicle Scheme (CEVS) grants tax rebates from $5,000 to $20,000 for new cars that emits no more that 160g/km. Additionally any new car that emits more than 210g/km will be charged extra tariffs ranging from $5,000 to $20,000 from July 2013. On top of the CEVS rebates, the annual special diesel tax would be slashed to $0.40 per cubic centimetre (cc) from the current $1.25. Thanks to advanced technologies and engineering methods, diesel cars which have met the Euro V emission standards generally emit up to 30 percent lesser carbon dioxide than petrol powered counterparts - a possible reason why diesel car sales could outnumber petrol variants. In the local scene - diesel cars mainly from Jaguars and Land Rovers captured a 1.3 percent market share of new car sales in the first ten months of this year - a sharp rise from 0.2 percent two years ago. The figure is set to rise as high as 15 percent in the next few years. Even in neighbouring country Indonesia, the market share for diesel cars rose from 0 to 16 percent two years ago. The new CEVS Scheme and cleaner, possibly cheaper diesel cars set to be introduced from next year, is seen to affect buying habits of local motorists. For example the people
  2. Diesel cars have never been popular in Singapore, especially the bigger engines. But i'm pretty sure there's a lot of driving enthusiasts out there who would love to own a diesel car, if the tax wasn't so high. In most countries, diesel cars are actually quite popular due to the fact that diesel is cheaper than petrol. Well, things are going to change around here, soon enough... As announced by the Minister for Finance, Mr. Tharman Shanmugaratnam, in his FY2012 Budget Statement, the special tax for Euro V compliant diesel cars will be revised with effect from 1st January 2013. Instead of the current rate of $1.25 per cubic centimetres (cc), the annual special tax for a Euro V compliant diesel car will be computed based on $0.40 per cubic centimetres (cc) of engine capacity, subject to a minimum annual payment of $400. The revision to the special tax structure for Euro V compliant diesel cars is made in recognition of its improved emissions, relative to pre-Euro V diesel cars. Motorists can choose to pay the special tax annually or 6-monthly, together with the road tax. The revised special tax for Euro V compliant diesel cars will result in nearly 70% savings to owners, as shown in the table below: According to LTA, the special tax for diesel taxis and Euro IV diesel cars will remain unchanged at $5,100 per annum and $1.25 per cubic centimetres (cc) respectively. Click here to check out new diesel cars currently in Singapore.Diesel cars
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