The revised VES structure will see a number of changes to the current vehicle bandings.
The LTA has announced that the rebate for cars that fall under Band 2 of the Vehicular Emissions Scheme will be reduced come 2025.
Starting from 2021, the Vehicular Emissions Scheme will be enhanced with increased rebates and higher surcharges to promote the adoption of cleaner vehicles.
The Vehicular Emissions Scheme will expire at the end of this year, but the National Environment Agency has not yet announced future plans.
Only 811 of 5,270 cars registered in first month of the new Vehicular Emissions Scheme qualified for the $10,000 rebate.
The Government is tightening its grip on vehicle emissions standards and has increased inspection fees by as much as 10%, with effect from 1st April.
The Vehicular Emissions Scheme will have two bands - rebate of either $10,000 or $20,000, and surcharge of either $10,000 or $20,000.
From next month, cars displayed in showrooms must bear a new Vehicular Emissions label, aimed at helping buyers make informed decisions.
Over a dozen car models, including some popular mainstays, will not meet the Euro 6 emission standard, which kicks in on 1st September.
The Euro 6 emissions standards that will take effect in two weeks' time offer vehicle buyers some bargains but stocks for popular models have yet to arrive.
The National Environment Agency has just announced that petrol vehicles with port fuel injection will not be exempted from particulate matter tests.
With news of the new Vehicular Emissions Scheme yesterday, motor industry players and experts reckon the days of diesel vehicles are numbered here.
The current Carbon Emissions-based Vehicle Scheme will be replaced with a new Vehicular Emissions Scheme while diesel taxes are restructured.
The Land Transport Authority and National Environment Agency are reviewing the Carbon Emissions-based Vehicle Scheme, which may be revised.