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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.
Summary by Channel News Asia
4 Articles
4 Articles
Singapore Reduces Car PARF Rebate Under Budget 2026
Singapore will reduce its Preferential Additional Registration Fee (PARF) rebate to as low as 5 per cent under new changes announced in Budget 2026, reshaping the economics of car ownership. Prime Minister Lawrence Wong said in his Budget statement that the rebate for cars deregistered at the end of their 10-year Certificate of Entitlement (COE) […] The post Singapore Reduces Car PARF Rebate Under Budget 2026 appeared first on techcoffeehouse.co…
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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