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

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Written and hosted by: Derryn Wong (derrynwong@sph.com.sg)

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 btpodcasts@sph.com.sg.

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

BT Correspondents

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