Why does the Vehicular Emissions Scheme (VES) have fewer bands than the Carbon Emission-Based Vehicle Scheme (CEVS), and why reduce the maximum rebate and surcharge amounts?
The banding structure has been simplified and recalibrated with the introduction of four more pollutants to better encourage car and taxi buyers to purchase overall less pollutive vehicles.
The banding structure has been simplified and recalibrated with the introduction of four more pollutants to better encourage car and taxi buyers to purchase overall less pollutive vehicles.
Source: LTA