Extension of registration fee exemption for EVs proposed
EVs enjoying a 0% registration fee until February 28, 2025 following current schedule.
Registration fees for domestic cars cut by half from July 1
Policy to help give a boost to car sales and has become successful previously.
Cuts to registration fees to help auto industry
The Office of the Government has sent a document to the Ministry of Finance about registration fees for domestically-manufactured and assembled cars. One possible measure to help the industry is to re-apply a 50 per cent reduction on registration fees for such cars. According to the Ministry of Finance, while this reduction would lower State budget revenue, the amount of taxes and fees contributed by car businesses would increase significantly, possibly by three-fold more than the reduction.