Tax incentives for CBU fully-imported hybrid cars have been discontinued, Minister of International Trade and Industry Datuk Seri Mustapa Mohamed declared at the ongoing National Automotive Policy (NAP 2014) announcement at Matrade, KL.
“The exemption of excise duties and import taxes for hybrids and EV will be extended for models that are (CKD) assembled in Malaysia. The exemption will be extended until December 31, 2015 for hybrids and December 31, 2017 for EVs,” the MITI minister announced.
This confirms what many in the industry have speculated, and it affects popular hybrid models with engine capacity below 2.0 litres such as the Toyota Prius and Prius c, Honda Civic Hybrid, Honda Insight, Honda CR-Z, Lexus CT200h and Audi A6 Hybrid. On the electric vehicle side, two models are affected, the Mitsubishi i-MiEV and just-launched (at KLIMS13) Nissan Leaf.
Sales of the hybrid models have been encouraging in recent years thanks to full import tax and excise duty exemption announced in Budget 2011, which was extended to end-2013 in Budget 2012. The incentives expired on December 31, 2013.
We understand that prices for current stock of the above models that are already in Malaysia will be maintained until stocks are exhausted, and some of the above CBU hybrid models will be discontinued as “regular” prices will simply be too high. The Honda Jazz Hybrid is the only CKD locally-assembled hybrid car on sale currently – it will continue to enjoy the perks until December 31, 2015.
I guess, it means that if anyone who wants to get a hybrid would be stuck with the 2013 MY ones, and better start queuing up at the dealers. Honda, Toyota and Audi are going to have mad rush Malaysia Mega Sale lines now.
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The NAP plan is just to benefit the 20 or 30 AP cronies and let the 30 million rakyat suffer. We have been suffering the past 30 years to protect the cronies
Mainstream car prices
Honda Accord 2.4 (CBU)
US$21,480(RM64,440)
Malaysia Price – RM175,000 (CKD)
Honda CRV 2.4 (CBU)
US$22,495 (RM67,485)
Malaysia Price- RM185,000 (CKD)
Honda Civic CBU
US$15,955 (RM47,865)
Malaysia Price- RM115,000 (CKD)
Toyota Altis (CBU)
US$16,130 (RM48,390)
Malaysia Price – RM112,000 (CKD)
Toyota Camry CBU
US$22,055 (RM66,165)
Malaysia Price CKD RM180,000
Kia Sorento CBU
US$23,150 (RM69,450)
Malaysia CKD Price RM160,000
Hyundai Tucson
US$19,245 (RM57,735)
RM140,000
Hyundai Sonata
US$20,895 (RM62,685)
Malaysia Price CKD – RM150,000
Hyundai Elantra 1.8
US$16,695 (RM50,085)
Malaysia Price -CKD Inokom RM118,000
Luxury car prices
BMW 328i
US$36,500 (RM109,500)
Malaysia Price – RM300,000
BMW 528i
US$46,900 (RM149,000)
Malaysia Price RM420,000
BMW 535i
US$52,500 (RM157,000)
Malaysia Price RM600,000
BMW X5
US$47,500 (RM142,500)
Malaysia Price RM580,000
Mercedes E350
US$51,000 (RM153,000)
Malaysia Price – RM420,000
In M’sia for only CKD E250)
Jaguar XF
US$53,000 (RM159,000)
Malaysia Price RM500,000
Porsche Cayenne
US$48,850 (RM146,000)
Malaysia Price RM570,000
numbers speak.
i should have 2 porshe cayenne in my garage now.
sad coz i am in malaysia.
those who drive proton gen 2 and myvi should in honda civic.
But then again in the US they are paying higher fuel prices at market prices. Compared to the peanuts taxes they collect, foregoing the subsidies means they government saves more than 20+ billion.
But then again they are earning USD… If you are comparing apple to Apple, the new grad there can afford to pay off an altis in a year time but it may take our middle income earner 9 years installment for an altis. But then again even the petrol price is at market price, they are still better off due to our weak currency. I.e. Salary = usd2500 petrol usd 1.50 per liter. In malaysia salary = rm2500 petrol rm 1.90 per liter (low grade fuel). But then again who is better off??????????
Do you think Malaysia fuel price is low? The government will increase the fuel prices and later no more subsidiary will be given to the fuel and then the car price still maintain this high level.
Higher fuel prices in US?
http://www.eia.gov/petroleum/gasdiesel/
Incase you can’t count – 1gallon = 4 liters, therefore the price is about the same as here, while we are an oil exporter and they aren’t.
Please get your facts right before you open your anus for others to penetrate.
FU*K Panda Kangkung and his ministers ministers! all cronies, don’t know where all these monies goes and still keep greedy want to increase tax!
Seriously, you didn’t ready the full plan of NAP, or you just waisting your time reading and didn’t understand.
“The exemption of excise duties and import taxes for hybrids and EV will be extended for models that are (CKD) assembled in Malaysia. The exemption will be extended until December 31, 2015 for hybrids and December 31, 2017 for EVs,” Which stupid manufacturer will invest to built manufacturing facilities to for Hybrid Vehicle of 2 years only? This is telling Honda ready to bungkus their Jazz Hybrid line and move to Sawadeeland.
Toyota insiders has just confirm that they will discontinue the Prius models for malaysia mkt due to this ruling. So much for pushing for new job, even worse, now we have less choice.
I think the G is out of expectation that many Malaysian go for hybrid cars and the tax exception is to huge until they don’t wanna to loss it? Masak pocket sendiri better than Malaysian pocket..
…and those selling their CR-Z in mudah.my can start adding 70k to their selling price and make some big quik bux…
Who is going to buy used hybrid car if it’s pricier now? and after sales support will be a problem, spare parts will be uncommon and expensive down the road cause the demand decreasing.
So hows our hybrid car insurance ?? revaluation ???
Even with the exemption of excise duties and import taxes for hybrids and EV, the price still far pricier than most parts of the world. Poor us for being conned from the very beginning.
wow, while everyone takes a step FORWARD, we are stepping backward. WOW JUST WOW. MALAYSIA BOLEH!
What’s new from G? Apa lagi lu mau, macha ?
Does anyone know what is the Lexus CT200h price WITH tax? Standard specs is now RM170k but with tax, Rm220K kah?
Actually is 330k.
Should be double with 100% tax. Same with Prius
Pris originally was about RM175k.
then, Tax removal come, became RM137k.
soon, back to normal = 30% price increase.
taking this as reference,
Toyota Prius C = RM95k -> RM125k
Honda insight = RM100k -> RM130k
Honda CRZ = RM120k -> RM 155k
Honda Civic Hybrid = RM120k -> RM155k
Lexus CT200h = RM170k -> RM220k
i think the pricier the car, the higher the tax..
That means we should eat more Kangkung. Terima kasih, Be-eNd.
Damn glad that I got mine way before the end of 2013. Bye-bye CBU Prius. Sad to see you guys go.
kawan…. when stock sold out, no one will buy prius, toyota will stop importing prius, spare parts will be rare… 3~5 more years when your prius starts to rosak here and there… u r damned… good luck bro.
poor CBU hybrid car owners… u r all hailat now
By that time No used car dealer dare to hire your used hybrid. The only way is go for besi buruk or trade with Kangkung
Always Nay sayers around. When Hybrid had tax exempt it was ” battery replacement cost v high, costs more to buy vs petrol price etc” After exemption taken away, it’s “no spare parts, no resale value etc”
Seriously, If I had to live a life that way it’s a sad , pathetic life. Buy what you like and can afford. If you don’t like the car, there is no need to put it down. Bad faith.
Bring back more carbon into our air!!!! What a “good” move. Promote EEV? + as usual “safeguard” their ass on comfortable chair. After reading all day long, I decided better just go back to work & paste photo on my desktop assuming driving “cheaper” German cars. Sayonara M’sia “GOOD” cars.
So, there are only interested to continue protect those related to their friends… Now, Honda got no more competitor.. take it or leave it! :(
WHY ???
So I guess , instant increase of RV for the CBU units of Hybrid like the CR-Z , Prius?
RM123k for Honda CRZ auto going to RM200k above
for example….
nooo
Looks like another “great service” by dumno to the country and people by eliminating more car choices. Wonder what will happen to availability spare parts etc for those hybrids sold todate which may not be sold anymore in the future. looks like we are stuck in reverse gear with each passing day.
Puiiiiii
Ma Ka Hai!!!
Bravo to the gomen. Their EEV objective is directly conflicting with this move. Bravo~
To them revenue is more important than Rakyat.
Stupid govt, they desperate for excise duty revenue.
If all these models are discontinued, meaning these models’ second hand price will drop further? Since no aftermarket spare parts available.
could be the different way… the price of second hand might appreciate.. just like the era when first car import tax introduce…
this is stupid, and i felt stupid. what a stupid decision!
if u missed the boat. so u make a stupid decision not to jump to hybrid..
if they want me to buy their shitty proton hybird car, in your sweet dream you bet!
u have option either
jazz hybrid
camry hybrid
accord hybrid
(that’s what i know)
but if u can’t really afford these car, u should stick to ur shitty car. tq.
oh the downvotes.
CBU hybrids no more kangkung prices
I guess this is to make way for proton eev…
so when will proton eev finish u know la.. how thay R&D and u thing how reliable it will be..
Dah agak dah… gov ni tak boleh percaya langsung… ni mcm kena kena tinggalkan kerja kat KL dan balik kampung, potong kangkung…
Ambil potong je, janji pocket tak kena potong… kalau bawak kat kpg… org gelar jaguh…
PUKIMAK!!!
Cibai Kangkung Government!!!
Is there any way we can officially protest and/or appeal against this? With paultan.org as a channel, we might stand a chance. After all, the vehicle scrapping policy was cancelled twice after ‘public outrage’.
I think this is outraging enough.
Burit
How about serena hybrid? What is the price after this?
TCM will still selling remaining stock with current price. Once the stock finish, they may introduce the ckd version. Expect TCM will sell it with the similar price now..
Which green? Leaves or money? No money, no green leaves. Good job guys. What a hypocrite government.
Honda can use this to their advantage to CKD new Accord Hybrid and Jazz Hybrid…. They just completed their 2nd production line…. Don’t just strip down and sell the CKD cars with ridiculous prices…
well good. the Audi Salesmen wont be so lansi.
very good. less lexus wannabe ct200headache on the road. and those ugly priushit. praise the lord.
Feeling cheated? No problem, stick to your current car as long as you can, and you will see the changes, if the impact to see economy slowdown and nobody buy new cars.
Its a matter of time saturation point is reach and the revenue from Excise duty die down.
This is why there are proposal to scrap your car the moment you finish paying up your loan.
All the efforts go down the drain. What is the point of promoting hybrid vehicles in the first place? A whole load of crap from those decision makers. Gradual price decrease of vehicles by 2017? Dun hope for it. Then they will say you dun the the pricing go somewhere else and stay. Wait and see.
NAP is just a crony plan..
Bumiputera Agenda? sounds more like Crony Agenda….
Vote la, vote for BN some more, this is what you get in return. Totally betrayed the people’s trust. Semua otak macam kangkung.
OK so I’m not surprised at what the govt did. Not happy, but not surprised either.
So not for the first time in Malaysian auto industry a typical car will actually appreciate in price, becoming an “Investment” instead…
Audi A6 hybrids originally at RM288k brand new, selling for RM300k+ slightly used last year will jump in price again. Same thing with the Prius etc.
Always dream of buying a hybrid but never had enough money for 10% deposit.
With this bad news I will keep using my 10 years old car until its very last mileage.
Hope it will last another 10 years.
Hhaarrkktpuiihh!!
Bodoh Kerajaan Malaysia. They are forcing car makers to built cras here in Malaysia. YOU THINK THOSE COMPANIES WHO ARE 100 TIMES BIGGER THAN PROTON WILL SUPPORT YOUR WHIMPY PLAN. KERAJAAN SINI TAK TAHU APA MAKNAYA MALU JIKA DIKETAWAKAN OLEH PASANDARA DUNIA KERANA MENLAKARKAN DASAR AUTOMOTIF YANG TERLALU TERUK MALAH SANGAT MENYEDIHKAN KEPADA RAKYAT MALAYSIA. CKD cars in Malaysia is so poor and in fact very the ciplak. Malaysia Goverment very bad in planning and decision making. All they want is makan rakyat duit, ambil rakyat duit and let rakyat have poor quality cars. Look at them driving Bently and Porsche. All the money go the cronies buying imported cars and rakyat stuck with poor, shameful cars built in Malaysia.
Thank you Kerajaan. TERIMA KASIH
I juz booked the last unit of ct200h, loan approved, standard spec silver..wanna sell rm180k anyone?come bid it..kekeke
Ps: sparepart dun worry, get it from ebay :P
You must be feeling like a sorhai now. Nobody will want a hybrid now.
thats why im selling lo..can get quick angpow money dy, no duties excise etc the car should be selling at RM277K to RM330K ma, you’l b able to save 100k to spare for sparepart cost (pick this quote from car reviews “since it’s a lexus, it should be reliable” lmao.. so any ngonghai wan to buy from me or not..think carefully, no more CBU premium hybrid is coming to m’sia after this, as for those CKD 1, lu orang percaya kah????
usually the car price goes down..but your car go high. so u are lucky one! in this malaysian land..semua boleh maaa
TQ BN..TQ PM..TQ for taking care of me eventhough u din get my votes
GG lor ~ after reduce price on kangkung, thn cut off other thing. i rather not having kangkung. giv us cheaper car price !
Shut up la you all. Next coming general election still vote for this shitty unreliable government. Blame yourself.
Pakatan is even worse…fighting non-stop…is that what you want Joanna…talk only no action…BN is still the best…btw who the hell r u asking people to shut up…get a life la auntie…aiyooo
Both are bad, it is a question of who is worst! In this present time BN is the worst. States under them still losing money.
BN Action? COMING UP WITH this Pea Brain Decision ON NAP LAH thats IS THEIR ACTION- GROW UP KIDDO AutoFrenz….go suck their Arse!!
Should have given a grace period for these cars. Man this is a big blow to many who plans to get CBU hybrid cars this year. Save the earth VS save your money. Sucks man…. Bye bye CRZ, plans B, jazz hybrid.
BTW, Can we get a 1.5 hybrid for 2014 model Jazz this year? 1.3 power just feel powerless…
probably because the rumored proton hybrid is going to be somewhere around Rm90-100K they just want people to buy Proton’s hybrid rather than a Prius, CRZ etc.
NO ONE is going to buy a hybrid made by proton.
why cant they built a proton plant in UK and import the Proton Hybrid from there. Then all cars can enjoy exemption. then we all can choose those cars?
In malaysia making a hybrid is so expensive. That is why you need to go to England to produce. I am sure other brands made in Germany and Japan can sell so much cheaper. Probably their man power prices are lower than malaysia. No wonder so many bangla come to work in malaysia.
…Plenty OF BUYERs..those low incom or KIasu
Am I fortunate? I waited for half a year but still got my Insight Hybrid (Light Blue/Platinum Aqua Metallic) in April last year. Worth the wait and I still absolutely love it :)…!!!
this is expected but still upset reading it …
Previously im going to honda.. and im asking about Hybrid car price in 2014.. he look so upsad.. look like he already know, NCAP discontinued for cbu hybrid car..
If we refer to new NAP rule, car with EEV status such Golf GTI MK7 2.0 with rating Fuel Con. At 6L/100km entiltle to get benefit EEV of reduction 20%-30%… If VW make CKD Golf gti.. But wait, how bout BMW 3 series CKD… It entitle to get this EEV benefit… Price will be below 200k! Why u buy Prius instead u can get BMW?… Macai, jgn makan kangkung banyak sgt.. Nanti otak mcm lembu…
BMW or VW got so standard la sochai. Prius is toyota. Toyota is Lexus, the most luxury brand in the world mate.
Stupid G policy always pusing like playing masak.. who dare to dump in big money to invest in blolehland!!
So pathetic i ken daiiiiiii
And AP holders still selling their car at tax rate.. Market price.. They only ve to sell one a month.. Untung dy.. While we live like dogs.. Pay all the loans.. Puuihhh
cheh, this just means, we all get to drive back what ever we have for the time being, This also means the PM is asking us not to spend his money so much, because he wanna buy another condo in New York.
This also means that if we all go buy new cars. His stupid looking perdana accorda is totally junk, and you know lah, he need face mah, how can you your income like RM 5000 a month can drive a lexus, prius and A6? Where can, you rakyat must drive proton EV, lah, Why go buy other people product when you can Support Kangkung products here.
You think of it, all these happenings has got to do with his plan to pull more money out from us, because Ex PM our Tun, will ask him to go, he already know this. So what to do, since the fat mama spend money like this.
Think think. dont just see the NAP, see the overall picture.
EEV does not refer to only hybrid vehicles wise ass. Heck, there are a lot of Diesel engine cars that offer far superior fuel consumption figures compared to hybrids. The 1 liter ford ecoboost engine for example is being used the mondeo which is a full sized D segment car. Even the latest skyactive engines which are normally aspirated ie normal engines are said to offer a 30% improvement over the already frugal current generation Mazda skyactive . I won’t lose sleep over the removal of tax exemption for hybrids as there are many other ways to achieve the goal of being an EEV
Motorhead wanna be.. No avatar.. Means imposter..
This decision will affect availability of spare parts but for international cars like the Prius, there shouldn’t be much problem. The Prius is on the market for some time with enough spare parts on the market. If parts for Civic Type-R can be easy to find, shouldn’t be much issue for Prius.
As for 2nd hand car price, since hybrid cars are now out of reach for most people, it will create a perception of luxury for people actually already owning one. So go ahead and get one.
Do we get incentive for kangkung price at pasar borong after hydbrid incentive discontinued?
Any joker or clowns can answer?
they discontinue is it because we already have many choice for CKD hybrid? I think there only Honda Jazz CKD… how do we want to support environmental vehicles when we have limited choices..
Another question here, they said CKD hybrids is entitled for tax exemption, does the engine capacity of below 2.0 gets the tax exemption only or the engine CC doesn’t matter as long it’s a Hybrid? Because we did heard that the Camry Hybrid will be CKD-ed but the CC is 2.0
so far never heard of camry 2.0 hybrid except 2.5 hybrid..
The Jazz hybrid is only an assisted hybrid actually. I think the government should distinguish between a mild hybrid like the Jazz against a true hybrid like the Prius. Jazz has a much smaller battery and the fuel consumption is nowhere near the Prius C for that matter
Welcome to Malaysia – from Project Usahawan Kangkung 1Malaysia (PUK1MA)
Stupid arse minister
Will again said” if u all cannot afford to buy these cars, then take public transport”!
Fantastic plan to be EEV hub in ASEAN:
1. Unlike Thai and Indo who don’t tax most of their EEV, Malaysia tax most of our EEV.
2. Want to force Toyota to produce Prius in Malaysia can meh?
3. Tax exemption for CKD hybrid 2 years, who can invest and recover capital in that time?