The government says it is in the midst of identifying new strategies to promote the electric vehicle (EV) industry in Malaysia among foreign investors. According to international trade and industry minister Datuk Seri Azmin Ali, these are expected to outline a number of specific initiatives, including those to strengthen the development of the EV ecosystem.
This includes the manufacturing of critical components, the establishment of standards to support the EV ecosystem and encouraging research and development activities to develop local technologies.
Speaking at the Dewan Rakyat earlier today, he said elements focusing on policy formulation efforts were discussed with the finance ministry recently in a Budget 2022 dialogue, and these included plans for an incentive package to attract investment in addition to strengthening existing incentives for the production of EV vehicles and components as well incentives focusing on consumers.
He added that the move, which is in line with the government’s goal to reduce carbon emissions by the transport sector, is expected to encourage investment in terms of EV production or its components, develop infrastructure support including EV charging stations as well as increase consumer demand for EV vehicles.
Earlier this year, it was reported that the new EV policy would offer a “handsome level” of tax incentives, including fixed incentives that will benefit both users and the industry, and a host of benefits for EV adopters.
According to Malaysia Automotive, Robotics and IoT Institute (MARii) CEO Datuk Madani Sahari, users could look forward to direct incentives such as lower road tax, the benefit of a green parking scheme, toll rebates as well as rebates on the installation of home chargers.
He said this would be on top of a huge tax reduction for EVs, which would enjoy zero excise and import duties, full sales tax exemption and zero road tax. Hopefully, more details of the new EV policy will emerge in the Budget 2022, which will be tabled in Parliament at the end of October.
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Zero excise & import duties for replacement EV batteries & related charging equipment too.
They might as well pay you to take the car why don’t they, eh?
Being exempted from tax/duties, doesn’t mean that a product becomes free of charge.
Bmw i4 below 300k pls
Identifying, yes that identifying > discussing > announcing > implementing. We are all hoping.
Let’s see what they have in their sleeves and how much they’re up for the game in SEA.
laaa bro, DON’T TALK about electric vehicle kat MALAYSIA, even api duk pasang rumah, pejabat, jalanraya +etc.. 100% pakai minyak
peningg’peningg
Exempt EV from speed limit because no CO2 is being product while driving
Copy paste: “‘Greenies’ are just a group of ‘Feel-good’ sillies. How about them looking into the debate on how batteries are disposed off in an environmentally friendly manner? So easy to call on others. No companies should conform to the popular norm, that would stifle creativity. Toyota may think hydrogen tech is the way to go instead.”
Hope it’s not a 2024 plan.
yeah, here’s a few things
* don’t tax left and right on EV. like encourage EV ownership
* don’t tax because the motor is massive. 10 years from now, that perfectly good taycan will cost 10% of it’s value, but the road tax is like when it’s new.
* have a plan to build EV infra. right now, problem is not EV range especially in malaysia. it’s infra or the lack of it
* and please, for god’s sake. please stop being a politician and start being a statesman. all i see from politicians is how can i be rich trying to implement this policy?
Copy paste: “Buy other cars la FFS. People have nothing better to do.”
Some other things to consider:-
1) Ask TNB to waive the contribution fee for setting up charging stations. Pulling a 11kV or 33kV incoming supply to a remote charging station like at a R&R requires lot of contribution by the developer. Get TNB to build and equip their substation to support charging stations.
2) No tax on EV charging equipment like DC fast charger, home charger, cables, switchgear, circuit breaker etc. Also no tax on the TNB approved fire-fighting equipment inside the sub-station.
The ship has long sailed.
Billions of FDIs have arrived into our neighboring countries, while Malaysia is forever stuck on ‘identifying’ or ‘planning’ phase.
We cant even decide on our Hybrid policy, what more something more advanced such as EV
Setuju2…. All these are just talk and LLB (Look Like Bizi), all the major players already pumping to our neighbours.
We have surely missed the boat….
ongoing discussions since the last dinosaur died in Msia.Same titled article will re-emerge in 5years time. *hope to survive this pandemic & still able to feedback then too :)
allocate budget to ‘identifying’ for 100million…after few month gone, all become white elephant…then keluar lagi budget to ‘study’ pulak…then hilang lagi
Politics makes 0 promises, duty excise import cars still high, no hope to buy EV cars until 2040.
EV will be another failure in M’sia. The gov’t will make it expensive for vehicle owners.
The industry itself will not take off in M’sia.