Singapore’s Parf rebate cut may favour China EV brands as ownership and borrowing costs rise
Industry players say the move will have far-reaching consequences across the automotive value chain
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[SINGAPORE] The cut in Preferential Additional Registration Fee (Parf) rebates marks one of the most consequential policy shifts for Singapore’s car market in years.
The implications extend beyond car sales and Certificate of Entitlement (COE) premiums to every aspect of the industry.
The full impact is unlikely to be immediate. As the changes apply to cars registered from Friday (Feb 20) onwards, the effects will take time to filter through the market.
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