The VES bands were established based on the emission standards of the top new car registrations, consisting petrol, diesel and hybrid models. Currently the bands are set such that a good proportion of cars will qualify for rebates, while others will fall into the neutral band or be subjected to surcharges. The bands were calibrated to encourage car and taxi buyers to purchase overall less pollutive vehicles. The bands will be reviewed progressively to ensure they are relevant to technological improvements as well as with new models in the market.
about 2 years ago