Al-Marsad Newspaper: A journalist specialized in the field of cars, during his stay as a guest at the “Yahla” program, revealed the mechanism for implementing the “annual financial compensation for vehicle licenses based on fuel efficiency” system and its target groups .
The specialist said: The calculation on which the financial compensation is based will be based on engine power and not on cylinders as some think.
He continued: the engine capacity, in liters, reaches 6 liters depending on the car, and the greater the engine capacity, the higher the financial level.
He explained: And let’s not forget that other options have emerged besides petrol: there are now hybrid cars (half electric and half petrol) and there are fully electric cars.
He added: The decision to introduce the system of annual fees for car licenses is intended to encourage the use of cars with smaller engines to protect the environment.
Financial costs for cars
About the value of the financial compensation for large capacity cars, the specialist said: According to what has been issued by the Saudi Standards and Metrology Organization, the highest amount so far is 190 riyals imposed annually on the car, which means that it average for liter-sized engines this varies from 5300 cc to 6 liters in engines.
He continued: The first bracket will be applied to passenger cars, utility cars and non-trucks for the 2024 models, so if you buy a Model 24 car, the decision will be applied to that.
He continued: From mid-2024, the second tranche will be applied, before the year 24 and 23 and counting, and so far no decision has been made for the past year.