KUALA LUMPUR, Sept 18 — Automotive players are hoping for an extension of tax breaks for electric vehicles in the upcoming Budget 2023.
Malaysia Automotive Association president Datuk Aishah Ahmad said the association is appreciative of the government’s effort to support the EV market but to end some the current incentives in 2023 is too early. “We seek extension of full import and excise tax exemption for completely built-up units EVs while the market is preparing for the growth of EVs in Malaysia.She said while efforts for locally assembled completely knocked-down EVs may be on progress, EVs sales figure from CBU units have started to climb this year as Budget 2022 incentives kicked in.
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