Scrap & Save: How the old Parf system worked

$7,000 → $700: The rebate collapse

The tipping point is here

Going EV is now a no brainer

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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Follow BT Correspondents:

Channel: bt.sg/btcobt

Amazon: bt.sg/btcoam

Apple Podcasts: bt.sg/btcoap

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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/btlenson

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 &amp; Save: How the old Parf system worked
05:45 $7,000 &rarr; $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 (derrynwong@sph.com.sg)
With Vincent Ng, automotive consultant, Vincar Group
Edited by: Howie Lim &amp; Claressa Monteiro
Produced by: Derryn Wong, Howie Lim &amp; Chai Pei Chieh
A podcast by BT Podcasts, The Business Times, SPH Media
Share your thoughts with us at <a href="mailto:btpodcasts@sph.com.sg">btpodcasts@sph.com.sg</a>.
---
Follow BT Correspondents:
Channel:&nbsp;<a href="https://bt.sg/btcobt">bt.sg/btcobt</a>
Amazon:&nbsp;<a href="https://bt.sg/btcoam">bt.sg/btcoam</a>
Apple Podcasts:&nbsp;<a href="https://bt.sg/btcoap">bt.sg/btcoap</a>
Spotify:&nbsp;<a href="https://bt.sg/btcosp">bt.sg/btcosp</a>
YouTube Music:&nbsp;<a href="https://bt.sg/btcoyt">bt.sg/btcoyt</a>
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&rsquo;s products and services. Please consult professional advisors for independent advice.
Discover more BT podcast series:
BT Money Hacks:&nbsp;<a href="https://bt.sg/btmoneyhacks">bt.sg/btmoneyhacks</a>
BT Podcasts:&nbsp;<a href="https://bt.sg/pcOM">bt.sg/pcOM</a>
BT Market Focus:&nbsp;<a href="https://bt.sg/btmktfocus">bt.sg/btmktfocus</a>
BT Lens On:&nbsp;<a href="https://bt.sg/btlenson">bt.sg/btlenson</a>

A showcase of the most respected series and columnists from The Business Times showroom.

BT Correspondents Podcast channel showcases content presented by some of the newsroom's most respected columnists and includes the series: Mark to Market, PropertyBT, WealthBT and TransportBT.

Available on all your favourite audio content apps and at www.businesstimes.com.sg/podcasts

Produced by BT Podcasts, The Business Times, SPH Media.

BT Correspondents Podcast channel showcases content presented by some of the newsroom's most respected columnists and includes the series: Mark to Market, PropertyBT, WealthBT and TransportBT.
Available on all your favourite audio content apps and at www.businesstimes.com.sg/podcasts
Produced by BT Podcasts, The Business Times, SPH Media.

BT Correspondents

BT Correspondents Podcast channel showcases content presented by some of the newsroom's most respected columnists and includes the series: Mark to Market, Property BT, Wealth BT and Transport BT.

Available on all your favourite audio content apps and at www.businesstimes.com.sg/podcasts

Produced by BT Podcasts, The Business Times, SPH Media.

BT Correspondents Podcast channel showcases content presented by some of the newsroom's most respected columnists and includes the series: Mark to Market, Property BT, Wealth BT and Transport BT.
Available on all your favourite audio content apps and at www.businesstimes.com.sg/podcasts
Produced by BT Podcasts, The Business Times, SPH Media.