02/09/2026
🚨 SUDDEN LTA UPDATE — 10FT & 14FT ELECTRIC LORRIES MAINLY AFFECTED! 🚛⚡
Important news for businesses planning to purchase a Zero-Tailpipe Emission Heavy Vehicle.
From 3 September 2026, the incentive structure will be revised — and 10ft and 14ft electric lorries are among the main group of vehicles affected.
💰 Current incentive: Up to $40,000
⚠️ Under the revised scheme, applicable Zero-Tailpipe Emission Heavy Vehicles with MLW above 3,500kg and up to 7,000kg will receive a reduced incentive of $15,000, subject to the new eligibility conditions.
🚨 WHAT DOES THIS MEAN FOR BUYERS?
If you are considering a 10ft or 14ft electric lorry, this could be a significant change in your purchase cost.
⏳ Vehicles registered using COEs obtained before the first September 2026 bidding exercise will continue to receive the $40,000 incentive, regardless of MLW.
That means the difference could be as much as:
💰 $25,000 LESS INCENTIVE after the revised scheme takes effect.
📲 If you are currently considering a 10ft or 14ft electric lorry, PM me now to check which vehicles and COEs may still qualify for the existing $40,000 incentive.
Don't wait until the incentive drops — secure your vehicle early and maximise the available savings for your business.
