Ves Rebate 2023 Singapore 30 June 2022 To continue encouraging the purchase of cleaner car models the enhanced Vehicular Emissions Scheme VES will be extended for three years to 31 December 2025 Tightened pollutant thresholds will be introduced from 1 January 2024
From 1 January 2024 to 31 December 2024 the VES Band A1 rebate for cars will remain at 25 000 while the VES Band A2 rebate for cars will be lowered to 5 000 Details are in Annex B The revised VES rebates encourage the adoption of cleaner energy cars with an emphasis on electric and other zero tailpipe emission cars Enhanced VES rebates will remain unchanged until Dec 31 2023 while current surcharges will remain unchanged until Dec 31 2025 Rebates from Jan 1 2024 onwards will be announced next
Ves Rebate 2023
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To continue encouraging the purchase of cleaner car models the enhanced Vehicular Emissions Scheme VES will be extended for three years to 31 December 2025 Tightened pollutant thresholds will be introduced from 1 January 2024 From 1 Jan 2024 to 31 Dec 2025 newly registered fully electric cars and taxis will receive 45 rebate off Additional Registration Fee ARF capped at 15 000 From 1 Jan 2024 to 31 Dec 2024 VES Band A1 rebate for cars will remain at 25 000 VES Band A2 rebate for cars will be lowered to 5 000
The EV Early Adoption Incentive which started in 2021 and was due to run until Dec 31 2023 allows those who buy fully electric cars and taxis to receive a rebate of up to 45 per cent on the The Electric Vehicles Charging Act commenced in December 2023 forms the regulatory foundation that ensures Singapore s EV charging network is safe reliable and accessible All chargers supplied must adhere to LTA s safety standards and be certified and registered with LTA
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The enhanced VES was extended for three years from 1 January 2023 to 31 December 2025 and tightened pollutant thresholds was introduced from 1 January 2024 see Table 1 There will be no change to the VES rebate quanta till 31 December 2023 and no change to the VES surcharge quanta till 31 December 2025 Tables 2 and 3 There will not be any changes to the VES rebate until the end of 2023 and VES surcharge till the end of 2025 but applicable VES rebates from January 2024 will be announced in 2023
The Land Transport Authority LTA announced today that the Vehicular Emissions Scheme VES will be extended for the next three years until 31 December 2025 The current VES rules will apply until 2024 after which the pollutant band criteria will be tightened and the rebate structure updated As announced by LTA in February 2020 the EEVI provides an ARF rebate of 45 when car buyers purchase a fully electric car from 1 January 2021 to 31 December 2023 This is capped at a maximum rebate of 20 000 For example the Tesla Model 3 has an estimated ARF payable of 76 959
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Singapore 30 June 2022 To continue encouraging the purchase of cleaner car models the enhanced Vehicular Emissions Scheme VES will be extended for three years to 31 December 2025 Tightened pollutant thresholds will be introduced from 1 January 2024
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From 1 January 2024 to 31 December 2024 the VES Band A1 rebate for cars will remain at 25 000 while the VES Band A2 rebate for cars will be lowered to 5 000 Details are in Annex B The revised VES rebates encourage the adoption of cleaner energy cars with an emphasis on electric and other zero tailpipe emission cars
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Ves Rebate 2023 - To continue encouraging the purchase of cleaner car models the enhanced Vehicular Emissions Scheme VES will be extended for three years to 31 December 2025 Tightened pollutant thresholds will be introduced from 1 January 2024
