Budget 2024: Electric motorcycle incentive scheme to provide rebates of up to RM2,400

📆 10/13/2023 10:47 AM
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Electric motorcycles are about to get cheaper next year, thanks to a new incentive scheme under Budget 2024. The rebates will be available for individuals with annual income of less than RM120k.

The government will be introducing an electric motorcycle incentive scheme as part of its effort to boost the local electric vehicle industry. The move was announced by Prime Minister Anwar Ibrahim during the tabling of Budget 2024.

To be eligible for the scheme, your annual income has to be less than RM120,000. This generally means that you are eligible to obtain the rebate if your salary is less than RM10,000 per month.

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