Budget 2026: PARF rebate cap halved to $30,000 on increasing EV adoption

The rebate is given out to cars deregistered before they turn 10 years old.

Singapore has halved the preferential additional registration fee (PARF) rebate for deregistration of cars, citing the increasing adoption of electric vehicles (EVs).

The PARF rebate— given out to cars de-registered before they turn 10 years old— is now capped at $30,000, from $60,000 previously, Prime Minister Lawrence Wong announced at his Budget 2026 speech.

"Electric vehicles are less pollutive than conventional petrol cars, and as EVs become more common, the need to encourage early deregistration through PARF rebate is reduced," Wong said.

The PARF rebate has also been reduced by 45 basis points.

The changes will apply to all cars registered with certificates of entitlement obtained from the next bidding exercise, Wong said.

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