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16 Aug 05 Make green more gettable Letter from P Raveentheran No better time to promote hybrid cars IN VIEW of the increasing fuel prices, I think it is a good time for the Government to bring forward its review of the existing rebates for green cars. Currently, buyers of hybrid cars get a 20 per cent rebate on the car's open market value, in registration fees (ARF) and another 10 per cent off the yearly road tax. These measures are insignificant and, at best, too half-hearted to make any impact on the promotion and usage of green cars in Singapore. This can be seen in the take-up rate of such cars. It was reported some time ago that hybrids still cost $25,000 to $30,000 more than normal cars after the rebates. If we are to prioritise the nation's goals, I think it would be better for Singapore to cut its high oil import bills first — especially now, with oil prices rising unabated — rather than take the narrow view of being concerned about the loss of revenue arising out of increased rebates, or waiting for green car technology to evolve. Secondly, the benefits of reducing greenhouse gas emissions from petrol and diesel vehicles cannot be underestimated, as hybrid cars burn fuel 50 to 90 per cent cleaner than conventional fuel cars. The net result is that the country stands to benefit from both the reduction of air pollutants and its oil import bills. The Government had reiterated its commitment to promoting green cars in August last year. However, it was reported that the National Environment Agency would review the rebates before the existing rebates lapse in January next year. . The agency should spell out its goals — for instance, the targeted percentage of hybrid cars on the roads over the next few years, and the expected savings in oil import bills and environmental benefits to the country. With current oil prices going above US$160 ($256) per barrel, isn't it more urgent now than ever that immediate significant steps be taken? links Related articles on Singapore: green energy renewable energy, energy saving: issues, efforts, discussions |
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