What is the significance of the PARF? 

Rebate cuts to get more to choose EVs? 

A stealthy wealth tax? 

The implications of older EVs on the road

The iPhone vs older EVs comparison

What’s happens to the used car market now?

Most cost-efficient option now

Are your dreams of owning a car over?

Will the recent changes to the preferential additional registration fee (PARF) rebate and the current COE prices turn away car buyers?

Prime Minister Lawrence Wong announced in his Budget speech on Feb 12 that the PARF rebate will be lowered by 45 percentage points.

The maximum rebate a car owner can expect to receive will be halved from $60,000 to $30,000.

If you're looking to buy a car, should you go for a new car, a second-hand ICE vehicle, or just give up that dream altogether?

In this episode of The Usual Place, ST’s senior transport correspondent Lee Nian Tjoe and veteran automotive consultant Say Kwee Neng share their thoughts.

Highlights (click/tap above):

1:21 What is the significance of the PARF? 

4:21 Is the PARF rebate reduction a “stick” to get buyers to choose EVs? 

8:56 A stealthy wealth tax? 

14:53 The implications of older EVs on the road

19:11 The iPhone vs older EVs comparison 

24:11 What’s happens to the used car market now?

27:06 Most cost-efficient option now

30:36 Are your dreams of owning a car over?

Filmed by: Studio+65

Edited by: Teo Tong Kai, Eden Soh and Chen Junyi

Executive producers: Danson Cheong, Elizabeth Khor & Ernest Luis

Editorial producers: Elizabeth Law & Lynda Hong

Follow The Usual Place Podcast and get notified for new episode drops every Thursday:

Channel: https://str.sg/5nfm

Apple Podcasts: https://str.sg/9ijX

Spotify: https://str.sg/cd2P

YouTube: https://str.sg/theusualplacepodcast

Feedback to: podcast@sph.com.sg

SPH Awedio app: https://www.awedio.sg

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Follow more ST podcast channels:

All-in-one ST Podcasts channel: https://str.sg/wvz7

Get more updates: http://str.sg/stpodcasts

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#tup #tuptr #stwi

 

Will the recent changes to the preferential additional registration fee (PARF) rebate and the current COE prices turn away car buyers?
Prime Minister Lawrence Wong announced in his Budget speech on Feb 12 that the PARF rebate will be lowered by 45 percentage points.
The maximum rebate a car owner can expect to receive will be halved from $60,000 to $30,000.
If you're looking to buy a car, should you go for a new car, a second-hand ICE vehicle, or just give up that dream altogether?
In this episode of The Usual Place, ST&rsquo;s senior transport correspondent Lee Nian Tjoe and veteran automotive consultant Say Kwee Neng share their thoughts.
Highlights (click/tap above):
1:21 What is the significance of the PARF?&nbsp;
4:21 Is the PARF rebate reduction a &ldquo;stick&rdquo; to get buyers to choose EVs?&nbsp;
8:56 A stealthy wealth tax?&nbsp;
14:53 The implications of older EVs on the road
19:11 The iPhone vs older EVs comparison&nbsp;
24:11 What&rsquo;s happens to the used car market now?
27:06 Most cost-efficient option now
30:36 Are your dreams of owning a car over?
Filmed by: Studio+65
Edited by: Teo Tong Kai, Eden Soh and Chen Junyi
Executive producers: Danson Cheong, Elizabeth Khor &amp; Ernest Luis
Editorial producers: Elizabeth Law &amp; Lynda Hong
Follow The Usual Place Podcast and get notified for new episode drops every Thursday:
Channel: <a href="https://str.sg/5nfm?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/5nfm?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/5nfm</a>
Apple Podcasts: <a href="https://str.sg/9ijX?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/9ijX?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/9ijX</a>
Spotify: <a href="https://str.sg/cd2P?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/cd2P?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/cd2P</a>
YouTube: <a href="https://str.sg/theusualplacepodcast?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/theusualplacepodcast?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/theusualplacepodcast</a>
Feedback to: <a href="mailto:podcast@sph.com.sg?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="mailto:podcast@sph.com.sg?ref=inline-article" aria-label="link" data-testid="custom-link">podcast@sph.com.sg</a>
SPH Awedio app: <a href="https://www.awedio.sg/?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://www.awedio.sg/?ref=inline-article" aria-label="link" data-testid="custom-link">https://www.awedio.sg</a>
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Follow more ST podcast channels:
All-in-one ST Podcasts channel: <a href="https://str.sg/wvz7?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/wvz7?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/wvz7</a>
Get more updates: <a href="http://str.sg/stpodcasts?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="http://str.sg/stpodcasts?ref=inline-article" aria-label="link" data-testid="custom-link">http://str.sg/stpodcasts</a>
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Get The Straits Times app, which has a dedicated podcast player section:
The App Store: <a href="https://str.sg/icyB?ref=inline-article" aria-label="link" data-testid="custom-link"></a><a href="https://str.sg/icyB?ref=inline-article" aria-label="link" data-testid="custom-link">https://str.sg/icyB</a>
Google Play: <a href="https://str.sg/icyX">https://str.sg/icyX</a>
--
#tup #tuptr #stwi
&nbsp;

Natasha and her guests unpack the latest current affairs, every Thursday.

Synopsis: Join host and correspondent Natasha Ann Zachariah every Thursday live at noon, as she unpacks the latest current affairs with guests. 

Podcaster: Natasha Ann Zachariah

Executive producers: Danson Cheong, Elizabeth Khor & Ernest Luis

Editorial producer: Lynda Hong

A podcast by The Straits Times, SPH Media

Synopsis: Join host and correspondent Natasha Ann Zachariah every Thursday live at noon, as she unpacks the latest current affairs with guests.&nbsp;
Podcaster: Natasha Ann Zachariah
Executive producers: Danson Cheong, Elizabeth Khor &amp; Ernest Luis
Editorial producer: Lynda Hong
A podcast by The Straits Times, SPH Media