The Early Turnover Scheme (ETS) encourages you to replace your older, more pollutive diesel commercial vehicles (including buses) with cleaner-energy new vehicles. Instead of bidding for a new COE, you will enjoy a discounted Prevailing Quota Premium (PQP) for your replacement vehicle. Any COE rebate from your older vehicle will be transferred to the COE value of your replacement vehicle.

At a glance

Early Turnover Scheme for Light Commercial Vehicles
 

The ETS for Light Commercial Vehicles (LCVs) will cease after 31 March 2025 (i.e. the last day to deregister an eligible LCV is 31 March 2025 and its replacement vehicle must be registered by 30 April 2025). LCVs include Light Goods Vehicles, Goods-Cum-Passenger Vehicles, and small buses, with maximum laden weight not exceeding 3,500kg.

The Commercial Vehicle Emissions Scheme (CVES) for LCVs will continue to be in effect from 1 April 2025 to 31 March 2027. You can click here to find out more about CVES. 

Early Turnover Scheme for Heavy Commercial Vehicles (extended to 31 December 2025)

The ETS for Heavy Commercial Vehicles (HCVs) will be extended till 31 December 2025. There is no change to the ETS incentive quanta for HCVs. HCVs include Heavy Goods Vehicles, Very Heavy Goods Vehicles, Goods-Cum-Passenger Vehicles and buses, with maximum laden weight exceeding 3,500kg.

Existing Euro II, III and IV Category C diesel HCVs are eligible for the ETS incentive. The incentives will be based on the type of the existing vehicle and replacement vehicle registered under the ETS. Replacement vehicles without tailpipe emissions will enjoy the highest incentives.

Eligibility criteria and details for ETS for Heavy Commercial Vehicles

To enjoy the benefits of the ETS for HCVs, your existing and replacement vehicles must meet the following criteria:

Replacing your vehicle under the ETS for Heavy Commercial Vehicles

Deregister your existing vehicle

If your existing or replacement vehicles are eligible for ETS for HCVs, you can proceed to deregister your existing vehicle to enjoy the benefits of the scheme. You must then register a replacement vehicle within a month of deregistering your existing vehicle. See an example below:

Calculate your Prevailing Quota Premium (PQP)

Under the ETS for Heavy Commercial Vehicles, you will enjoy a discounted PQP for your COE when you register your replacement vehicle. 

You can click on the link below to check the discounted PQP payable for your COE.

Enquire Discounted PQP Payable for Early Turnover Scheme

 The discounted PQP that you enjoy depends on:

• The unused COE period of the existing vehicle when it is deregistered
• The remaining 20-year lifespan of the existing vehicle when it is deregistered.

Your discounted PQP is calculated as follows:

* The discounted PQP you pay must be at least 10% of the PQP in the month you are registering the replacement vehicle.

** Refer to Table A below for the respective bonus COE period:

Table A

^[1] Tailpipe emissions refer to air pollutants hydrocarbons, carbon monoxide, nitrogen oxides and particulate matter

^[2] The same incentive applies if replacement vehicle is an HCV without tailpipe emissions. Owners who replace an existing LCV with an HCV with tailpipe emissions will not qualify for the ETS incentive.

^[3] The same incentive applies if replacement vehicle is a Band A LCV under the CVES

^[4] The same incentive applies if replacement vehicle is a Band B LCV under the CVES

When calculating the discounted PQP, the sum of the unused COE period and the proportion of the remaining 20-year statutory lifespan is capped at 10 years. Any excess bonus COE period from the existing vehicle will be forfeited.

If you have already used, encashed or transferred the COE rebate from the deregistered vehicle before registering your replacement vehicle, you will need to return the rebate amount to LTA when you register your replacement vehicle for the ETS.

Calculating the 10-year COE value of your replacement vehicle

Once you have registered your replacement vehicle, the value of its 10-year COE will be calculated as follows:

You can check the value of your 10-year COE via our digital service by clicking on the button below:

Enquire Discounted PQP Payable for Early Turnover Scheme

Sample calculations for vehicles deregistered between 1 April 2023 and 31 March 2025

Example 1

• Category C existing vehicle with MLW = 3,000kg (i.e. LCV)
• Propelled by diesel, diesel-CNG or diesel-electric
  
• First Registration Date (FRD) is between 1 January 2001 and 30 September 2006, or meets Euro II or equivalent emission standards
  
• Deregistered between 1 April 2023 and 31 March 2025
• Has both unused COE and remaining 20-year lifespan at deregistration

Example 2

• Category C existing vehicle with MLW = 5,000kg (i.e. HCV)
• Propelled by diesel, diesel-CNG or diesel-electric
  
• First Registration Date (FRD) is between 1 October 2006 and 31 December 2013, or meets Euro IV or equivalent emission standards
• Deregistered between 1 April 2023 and 31 March 2025
• Has both unused COE and remaining 20-year lifespan at deregistration

Sample calculations for Heavy Commercial Vehicles deregistered between 1 April 2025 and 31 December 2025

Example 1

• Category C existing vehicle with MLW = 5,000kg (i.e. HCV)
• Propelled by diesel, diesel-CNG or diesel-electric
• First Registration Date (FRD) is between 1 October 2006 and 31 December 2013, or meets Euro IV or equivalent emission standards
• Deregistered between 1 April 2025 and 31 December 2025
• Has both unused COE and remaining 20-year lifespan at deregistration

Example 2

• Category C existing vehicle with MLW = 5,000kg (i.e. HCV)
• Propelled by diesel, diesel-CNG or diesel-electric
  
• First Registration Date (FRD) is between 1 October 2006 and 31 December 2013, or meets Euro IV or equivalent emission standards
• Deregistered between 1 April 2025 and 31 December 2025
• Has both unused COE and remaining 20-year lifespan at deregistration