There was the CEVS and, now, we have the VES.
Lucky for my readers, ASSI is always just ASSI.
Anyway, the CEVS stands for Carbon Emission-Based Vehicle Scheme. Basically, cars with lower carbon emission were given rebates and I benefitted from this scheme when I bought a diesel car about a year ago. It reduced the price tag of my car by more than 10% which was a big deal.
In January this year, when the government announced that they were looking into the real environmental cost of diesel cars, I expected them to disallow diesel cars eventually. It would take many years to achieve this but, in Singapore, if the government wants to do something, we better believe it will be implemented.
So, to discourage higher consumption of diesel, last month, we saw an additional tax on diesel. 10c per litre. That is a few percentage points higher in price but still about 30% cheaper than RON95 petrol…Read the full article →