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Budget 2026: Rebates for scrapping cars early to be reduced, cap lowered

The government halved the maximum PARF rebate cap to S$30,000 and cut rebates by 45 percentage points to reflect rising electric vehicle adoption, which accounted for 45% of new registrations in 2025.

The Preferential Additional Registration Fee (PARF) rebates for cars will be reduced by 45 percentage points.

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The Straits Times broke the news in Singapore on Thursday, February 12, 2026.
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