Friday January 06, 2006

More tax incentives for 'green' vehicles

todayonline.com :

Going green is becoming more affordable for drivers. Recognising that the costs of environmentally-friendly vehicles are frustrating the green campaign, the National Environment Agency (NEA) and the Land Transport Authority have announced further tax incentives for green vehicles and Euro IV compliant diesel vehicles.

Starting this month, the road tax for green - Compressed Natural Gas (CNG), hybrid and electric - commercial vehicles and buses will be pegged to the road tax for petrol equivalents, instead of diesel equivalents, which pay 20% cent more tax. In addition, the special tax exemption for CNG taxis, which ended on Dec 31 last year, has been extended to the end of 2007.

The NEA hopes that the incentives will encourage drivers to go green. As of last August, only 79 green vehicles were registered.

See also :

1. Fast and Frugal
2. Singapore doubles hybrid tax rebate
3. Hybrids in Singapore

(2006-01-06 15:12:37 SGT) [Env] Permalink

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