Actually, the carbon tax affects mostly large engine captivity
petrol cars. The Govt also will be reducing road tax From $1.25 per
cc to $0.40 per cc. Taxi rebate for low emission taxi will go up to
$30,000. So I think there is a balance. The one that will 100%
benefit is the taxi company, will they pass the savings on the
rebate to lower rentals??? I think in future there will be more
diesel cars on the road, not sure how it will affect prices of
diesel then. Here is an extract from LTA on carbon tax:
Special Tax For Euro V
Compliant Private Diesel Cars
Currently, the tax is $1.25 per cc of
engine capacity subject to a minimum annual payment of $1,250. The
proposed tax would be lowered to $0.40 per cc of engine capacity,
subject to a minimum annual payment of $400. The revised tax rate
would take effect from 1 January 2013.
Carbon Emissions-based Vehicle
Scheme
Then for big cc cars is like LPPL, and lower CC car will gain
from it,..I do not know what they are trying to imply, ask people
to buy smaller cars??
I find this working toward the benefit of taxis companies, which
most of them are Government Link compaines, from Cdg to smrt and
even Union gas TC linking to powersupply.
Whatever happen, why govt is not promoting green enviroment, the
like of CNG and hybrid should be given great discount on Road Tax,
but somehow, our govt cannot let go of the fuel business which is
very lucrative to them in term of taxes and refinery
production.
I alway believe social economy is an ecology and the end product
be it taxes increase here and decrease there, would ultimately,
hurt the consumers.
