Effectiveness of EV Tax Rebates and Possible Reform of COE System to Hasten Uptake of Greener Vehicles

Mr Saktiandi Supaat asked the Minister for Transport (a) how much of the tax rebates for electric vehicles flow through to the end-consumer in the form of lower cost of vehicle ownership; (b) whether these tax rebates are absorbed by the car dealers by marking up the prices of electric vehicles or by bidding higher for Certificates of Entitlement (COE); and (c) whether the Government needs to do more, including by reforming the COE system, to hasten the uptake of greener vehicles.

Mr Chee Hong Tat: We have received related questions for the subsequent Sitting. I will address them together in my reply at the 12 November 2024 Parliament sitting. [Please refer to "Review of Zero Vehicle Growth Policy, Vehicle Quota System and Rebates Given High COE Prices, Increased E-vehicles Adoption and Rollout of ERP 2.0", Official Report, 12 November 2024, Vol 95, Issue 146, Oral Answers to Questions section.]