Rebates for Low Carbon Emissions Cars from 1 January 2013

News Releases 28 Nov 2012 Carbon Emissions-Based Vehicle Scheme (CEVS)

1.     All new cars, taxis, and imported used cars with low carbon emissions and registered from 1 January 2013 will qualify for rebates when the new Carbon Emissions-Based Vehicle Scheme (CEV) kicks in. This new scheme will replace the existing Green Vehicle Rebate (GVR)1  scheme that will expire on 31 December 2012.

2.     Under CEV, all new cars, taxis, and imported used cars registered from 1 January 2013 with low carbon emissions of less than or equal to 160g carbon emissions per kilometre (CO2/km) will qualify for rebates of between $5,000 and $20,0002  which will be offset against the Additional Registration Fee (ARF) payable.

3.     Cars with carbon emissions equal to or more than 211g CO2/km will incur a corresponding registration surcharge of between $5,000 and $20,000.  The surcharges will only take effect six months later, from 1 July 2013, to give consumers and the motor industry more time to adjust.
 

Table 1: CEV bandings

CEVS BANDINGS

Band

Carbon emission (CO2 g/km)

REBATE
(FROM 1 JAN 2013)

SURCHARGE
(FROM 1 JULY 2013)

Cars

Taxis

Cars

Taxis

A1

0 to 100

$20,000

$30,000

 

 

A2

101 to 120

$15,000

$22,500

 

 

A3

121 to 140

$10,000

$15,000

 

 

A4

141 to 160

$5,000

$7,500

 

 

B

161 to 210

$0

$0

$0

$0

C1

211 to 230

 

 

$5,000

$7,500

C2

231 to 250

 

 

$10,000

$15,000

C3

251 to 270

 

 

$15,000

$22,500

C4

271 & above

 

 

$20,000

$30,000


4.     Taxis generally clock higher mileage than cars. To encourage taxi companies to adopt lower emission models for their fleet, the CEV rebate and registration surcharge for taxis is set at 50% higher compared to cars, i.e. between $7,500 and $30,000.

5.     As non Euro V-compliant diesel mode

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