That’s not all. The excise duty and sales tax exemption for locally-assembled EVs has also been extended – it is now in place until December 31, 2027, two years more than the original deadline, which was December 31, 2025.
Also, the import duty exemption for components used in local CKD assembly of EVs, which was originally set to run until December 31, 2025, has also been extended to December 31, 2027. Additionally, the government has announced that 100% exemption of corporate income tax will be given to locally-registered EV charger manufacturers from year of assessment 2023 to 2032.
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