Why was the PARF rebate revised?
The Preferential Additional Registration Fee (PARF) is intended to encourage the timely renewal of the vehicle population to keep the vehicle fleet younger, and hence safer and less pollutive. Electric Vehicles (EVs) are less pollutive than conventional petrol cars. As EVs become more commonplace, there is less need to encourage early deregistration through the PARF rebate.
Related questions
Why are buyers subject to the prevailing PARF rebate at the point of registration based on the date the COE is obtained rather than at the point of sale? / Can the effective date be deferred to allow affected buyers time to adjust?
Which vehicles are affected by the revised PARF rebate?
Why not introduce a COE surcharge, like an Additional Buyer's Stamp Duty, for those households with multiple cars?
Can I cancel my vehicle purchase because of the PARF change? / How will dealers and buyers who signed purchase agreements before 12 February but have not secured COEs be supported during this transition?
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