More RoRo, more problems

The government’s recent decision to extend the import age limit for used vehicles from three to eight years has sparked significant debate. While the move is framed as a benefit to average citizens by potentially lowering vehicle ownership costs, it carries notable social and economic implications. Visham Babwah, president of the TT Automotive Dealers Association (TTADA), has voiced concerns, citing risks associated with importing older vehicles. These vehicles, often past half their expected lifespan, may face challenges in securing loans or comprehensive insurance. Additionally, the influx of older, cheaper cars could exacerbate traffic congestion, with over 1.1 million registered vehicles already on the roads as of September 2024. The lack of clarity on how the policy affects electric vehicles further complicates the issue. Critics argue that without stringent inspection and verification processes, the policy risks flooding the streets with potentially unsafe vehicles. The used car market, which accounts for roughly a third of total car sales, remains a competitive sector, but the extended warranty period of only three months or 3,000 kilometers offers limited protection to buyers. The government must balance this policy with robust oversight to ensure road safety and consumer protection.