A friend told me that environmentally friendly "green cars" are more fuel efficient. There is a potential saving of 25% on fuel.
With high prices, we should encourage "green cars" on our roads.
However, there is an obstacle. Due to our tax system, "green cars" cost about $20,000 more than the conventional cars.
With an average monthly consumption of $200 in petrol, the monthly saving is only $50. It will take 30 years to recover the additional cost of the green car.
In the USA, green cars cost about S$5000 more than conventional cars. It will take less than 10 years to recover the investment.
I suggest that our tax system in Sigapore should be reviewed and a lower tax burden be placed on "green cars". This will encourage more people to use "green cars" and save on petrol.
At this moment, the cost saving from feul still cannot outweigh the incremental cost of technology. This is where additional governmental incentives can help to deffer the incremental cost of green car. Many car manufacturers are investing into green car because they see the future of it.
ReplyDeleteI have read that Toyota has lost their ranking as a number one automaker. With these amazing concepts I think they will surely gain again their ranking.
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