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.
Their owners are now a little Singapoorer.
The cost of cars in this country, you can be sure those guys don’t get poor.
As a Singaporean, those guys might not even be Singaporean citizens. :)
The cost to drive on the road is probably about the same as the cost to buy one.
About 10 years ago a Chevy Malibu had a sticker price of $120k USD, which included registration for 10 years.
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…