More tax incentives for 'green' vehicles

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.

Post a Comment:

Comments are closed for this entry.

« Building in progress... | Main | Loans growth in... »

Most popular blog postings on lowem.log :

1. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Honda Civic Hybrid preliminary specifications released
4. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
5. How to insert currency exchange rates into Google Spreadsheets
6. Singapore : Nuclear power not ruled out
7. Live spot gold price quotes chart on COMEX
8. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option

Featured articles on lowem.log :

1. 2010 Honda Civic Hybrid preliminary specifications released
2. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
3. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
4. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
5. New efficient nanotech materials may boost enhanced geothermal power systems
6. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
7. Singapore property market recovery seen as private home sales surge 52% in Jul 2009
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004

Custom Search