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Global EconomyVideosCuts to Car Rebates May Raise Business Costs for Fleets, Private Hire Drivers: Industry Players
Global Economy

Cuts to Car Rebates May Raise Business Costs for Fleets, Private Hire Drivers: Industry Players

•February 15, 2026
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CNA (Channel NewsAsia)
CNA (Channel NewsAsia)•Feb 15, 2026

Original Description

Players in the car industry say fleet owners may now have to think twice before expanding. At this year's Budget, the government announced cuts to the Preferential Additional Registration Fee for cars de-registered ahead of the usual 10-year expiry of Certificates of Entitlement. This means fleet owners face higher business costs, which may be passed on to private hire drivers. Rachel Teng with more.
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