Forum: Review off-peak car rebate amid high COE premiums
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Off-Peak Cars (OPCs) were introduced to allow lower-usage ownership, with a S$17,000 rebate. But this rebate has not kept pace with soaring COE prices, making the scheme far less attractive.
For families with young children, elderly parents, or members with disabilities, a private car is often a necessity for school runs, medical visits, and caregiving.
It is time to review whether the OPC rebates should be adjusted to today’s market so that Singaporeans who need to own a car will not be left behind. Policies must keep essential car ownership accessible to citizens.
Tan Hock Hoe
