Government planning to bring in EVs below RM100,000 into Malaysia | TechNave

This statement was announced by Nik Nazmi Nik Ahmad, who is now the Minister of Natural Resources, Environment and Climate Change, who said that the proposal would also allow middle-income earners to reduce carbon dioxide. Nik Nazmi also said that EVs could be sold lower if only there was a local company manufacturing them within Malaysia.

Previously, the government has been offering incentives for the automotive industry. This includes direct and indirect tax exemptions for installation or manufacturing activities of EVs, manufacturing components and developing an ecosystem like charging facilities. This is in line with the National Automotive Policy to improve the EV ecosystem.

Malaysia has been gaining some momentum in going in the direction of EVs. Some EVs were released in Malaysia, such as the ORA GOOD CAT by Great Wall Motor Malaysia as well as the EQE 350+ by Mercedes EQ. A new EV charging station was also set up in bringing forward the EV era.

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Govt to look into ways to bring in affordable EVs: Nik NazmiNik Nazmi said the prices of most EVs that are currently sold in the local market are beyond the means of the vast majority of Malaysians. theSun theSundaily EV affordable markets ElectricVehicles Review and reform the awful and nonsensical tax structures and rent-seeking approved permit system for motor vehicles in Malaysia. After more than 3 decades, there is no more true Malaysian 'auto-maker' to protect or worth protecting!!!!!
Source: theSundaily - 🏆 25. / 51 Read more »