24 Feb 2014
The Singapore Budget 2014 has resulted in two policy changes for the motor industry. The Early Turnover Scheme (ETS) is set to see changes to better incentivise owners of older and less environmentally-friendly commercial vehicles. On the other hand, the Carbon Emission-based Vehicle Scheme (CEVS) for private vehicles will be extended by a period of six months to June 2015 for a longer review period on its effectiveness.
*Source : LTA