Why the Parf rebate drop is a big change for Singapore's car owners

The Preferential Additional Registration Fee (Parf) rebate just got halved, instantly shifting the value of every car in Singapore. Host Derryn Wong and consultant Vincent Ng unpack the shock move that hits luxury cars hardest, fuels the EV push, and could even impact your COE renewal decision. Understand the 'what, why, and how' of a tax change designed to change the roads. Highlights: 02:04 Scrap & Save: How the old Parf system worked 05:45 $7,000 → $700: The rebate collapse in real terms 12:36 The tipping point is here 16:14 Going EV is now a no brainer --- Written and hosted by: Derryn Wong ([email protected]) With Vincent Ng, automotive consultant, Vincar Group Edited by: Howie Lim & Claressa Monteiro Produced by: Derryn Wong, Howie Lim & Chai Pei Chieh A podcast by BT Podcasts, The Business Times, SPH Media Share your thoughts with us at [email protected]. --- Follow BT Correspondents: Channel: bt.sg/btcobt Amazon: bt.sg/btcoam Apple Podcasts: bt.sg/btcoap Spotify: bt.sg/btcosp YouTube Music: bt.sg/btcoyt Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice. Discover more BT podcast series: BT Money Hacks: bt.sg/btmoneyhacks BT Podcasts: bt.sg/pcOM BT Market Focus: bt.sg/btmktfocus BT Lens On: bt.sg/btlensonSee omnystudio.com/listener for privacy information.