The Malaysian Automotive Association (MAA), which represents carmakers in our country, wants an extension of tax breaks for electric vehicles (EVs) in the upcoming Budget 2023.
Announced in Budget 2022 and currently in place, CBU imported EVs are enjoying zero import and excise duties plus free road tax.
MAA president Datuk Aishah Ahmad told Bernama that the auto industry club is appreciative of the government’s effort to support the EV market but it will be too early to end the current incentives in 2023.
“We seek extension of full import and excise tax exemption for CBU EVs while the market is preparing for the growth of EVs in Malaysia. We hope there will be incentives for up to 10 years,” she told the national news agency, adding that efforts to locally assemble CKD EVs are in progress.
The Budget 2022 deal was 100% duty exemption for CBU EVs up to December 31, 2023, and 100% duty exemption for CKD EVs up to December 31, 2025. The idea was to kickstart the adoption of EVs in Malaysia via an introductory offer of sorts, and push car companies to start local assembly to continue to enjoy the benefits.
Too small a window, MAA says. The ball is now in the government’s court, and we’ll see if there’s an extension in Budget 2023, which is just around the corner.
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When the European, UK suffering from high electric bills,
Many still don’t dare to buy electric car now.
Higher than gasoline? What ae their gasoline price and electricity charge?
Just to incentives the rich. Why? They could easily afford it.
I do not cosider mysef as rich. Just working for others. But I still afford to buy EV that less than rm300k. That’s even kona EV that start from rm150k. We have so many V segment SUV that more thsn rm150k on the road. So, what is the point now?
MAA ni ada buat ulang kaji yg secukupnya kah? What are current retail prices of EVs available in Msia now. To my knowledge, Malaysian sold EVs are basically luxury brand.
Wish I was born filthy rich, so many loop holes to take advantage and multiply my already rich bank accounts.
For Pete’s sake, do away with fuel subsidies and significantly reduce those import taxes la. u can come up with a subsidy program that requires proper authentication of those who are truly eligible.
Reducing import taxes for non-EV cars, later will have more traffic jams then you know.
Just only mentioning that not agreeing on import tax reduction for petrol/diesel vehicles but agreeing on giving tax breaks for EV cars as part of environment. And also reducing tax and prices more on EV cars than petrol/diesel vehicles
Should reduce more tax for Hybrid/plug in hybrid cars too as part of tax incentives to save environment
Better buy BMW for me next time. So many BMW lineup sell with hybrid engines. Hope our gomen can give tax incentives for hybrid cars
Benefit the rich again. As usual.
Let them assemble here at least. Create job, then only can consider giving so much to them EV.
If build here would be better, more investment, more jobs.
yes, benefit our country in the long way
Please reduce more tax incentive for hybrid/plug in hybrid incentives to save environment. TQ!!!
Wish that there will be tax incentives for hybrid cars as well. Hybrids will be an excellent “bridge” before mass change to EVs due to extremely high cost of EV cars.
Should also introduced special low interest rate loan for EV
EV is going to be outdated soon, we should focus for Hydrogen cars, filling up tanks took only 3-4 minutes full tank, lighter, powerfull & simpler setup. Now you book BEV also took 1-2 years waiting list…