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Two yellow Lamborghinis crashed in Singapore
(lemmy.world)
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this post was submitted on 15 Jul 2023
677 points (97.9% liked)
Mildly Interesting
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It’s about $120k USD just for the registration now, depending on the car.
Why?
In case you’re serious; in most places in the world, cars are a luxury and taxed as such. In island nation in particular, imports are also very expensive in general and import taxes are most of their revenues.
TLDR: tax the rich, poor don’t need cars in sane cities.
Nah, thats mainly just singapore and vietnam.
A lot of island nations have extreme import taxes on cars. See: every Caribbean island.
developing countries always have the highest taxes. i'm not aware of a single developing country that has cheap cars...
Because it’s a small island country and there’s no need for cars. Public transit there is intense. Automated light rail between communities connect to subways that connect to everything. Their buses are great too.
They want to limit the number of cars in use in the country. I believe they limit it to around 1M. The price of the tax actually increases/decreases depending on demand to keep the total number around 1M.
And, after ten years, the car must be scrapped and taken away from Singapore