Malaysia’s Budget 2023 (Bajet 2023) will be tabled by finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz in parliament at 4.00 pm today, three weeks earlier than the originally scheduled date of October 28. As always, we will be monitoring the finance minister’s speech for any automotive-related matters.
Last year’s Budget tabling was particularly interesting for the local EV industry, with the government announcing at the time that EVs would be exempted from import and excise duties as well as road tax for a limited time.
This year, expectations are that these EV incentives be extended beyond their original deadlines – 100% duty exemption for CBU EVs up to December 31, 2023, and 100% duty exemption for CKD EVs up to December 31, 2025. The ministry of international trade and industry (MITI) said previously that it had proposed more EV incentives to be included in Budget 2023, but we’ll have to wait until later to find out.
In addition to automotive-related matters, we’ll also look out for public transport and infrastructure news. Live updates will be posted here, so stay tuned. What are you hoping for in this year’s Budget?
MyPSV programme
Government will bear the cost of riding test for B2 motorcycle category (below 250 cc)
Public transport – stage buses
Public transport – subsidised My50 monthly travel pass extended for one year
OKU assistance – RM10 million in e-hailing vouchers
One-off grant for SMEs and registered taxi drivers – RM1 billion allocated
50% excise duty exemption for CKD vehicles used in the tourism industry
Flood prevention – Rancangan Tebatan Banjir, a long-term strategy (till 2030), RM15 billion allocated
“Green technology” acquisition and setting up EV infrastructure, RM330 million allocated
Collaborative Research in Engineering, Science and Technology centre (CREST) – to develop apps based on RFID and Bluetooth for the automotive industry. RM10 million allocated
RM510 million to improve road network to Pengerang, Johor
Motorsport – RM20 million to build drag racing tracks
Infrastructure projects – RM16.5 billion allocated
Repair and maintenance of government assets – RM11.4 billion allocated, including for federal roads
MRT3 – RM50.2 billion allocated
Rural infrastructure
BRT network for Johor, RM80 million allocated
TNB – RM165 million allocated
Electric vehicles (EV)
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Copy paste :Hope our FM will take heed the callous and loose attitudes of GB Kwasi in irresponsible management of the nation economy. Whatever budget does not need to be all people friendly but has to be prudent. The people as well should not make or expect foot loose goodies or fantastic promises. One that makes these promises should be kept far away from seat of power.”
Should’ve done this 10 years ago.
Tenkiu, trims kaseh, xie xie, rumba nandri from all patriotic rakyat Malaysia to a generous and caring budget from kind and caring gomen! Bestest in da world! All patriotic rakyat will remember this magnanimous gesture come GE15. Only nonpatrotics tak kesah can GTH!
#BetterNation
#KeluargaMalaysia
#Malaysia4PatrioticRakyatMalaysia
Remove excise tax la hello, already 50 years since proton and Perodua.
No need protectionism anymore.
1. Remove all taxes for electric vehicles to save environment
2. Reduce taxes for hybrid and plug in hybrid vehicles to save environment by giving tax incentives
Remove taxes for european cars
4. Impose car taxes based on horsepower including national cars
5. Roadtax must be based on horsepower
6. Impose stricter for lemon law
7. Reduce taxes for European and Korean cars including CBU and CKD
8. Remove taxes for pick up trucks
9. Remove taxes for CBU vehicles
Can’t agree:
1. Removing all taxes for CKD vehicles (Reasons: because traffic jam might increase and pollution)
why roadtax based on horsepower? the horsepower destroy the road condition meh..
it’s people that destroy the roads la.
roadtax should be based on noise pollution level that the car produces.. then u immediately stop noise pollution as well.
all those loud exhaust fools will get taxed. that’s way more fair.
You went to Singapore??
It won’t help. Because of the roadtax was based on noise pollution. It’s going to be problem. Buying turbo gasoline cars but easily breakdown and expensive to maintain than naturally aspirated engine. Also even you said roadtax was based on noise pollution, it won’t stop congestion and still be filled with many turbo gasoline cars on the road in near future if you said that. That’s why roadtax was based on horsepower much better, for taxing more for the rich like turbo gasoline cars. Make lesser taxes for naturally aspirated engine, hybrid and turbo diesel cars as for working but someone mentioned it
EV cars has more horsepower than turbocharged engine..
Whoa re all this bots against removing excise tax? You lot dont wanna buy cars the same price as developed countries?
Then why 5 bots upvote for against traffic congestion. Does 5 bots are not importance on traffic congestion and also reduce air pollution?
Is either they don’t bother on why traffic jams already too much or bla bla commenting but wanting to reduce car prices but taxing more on parking, tolls, noise pollution but does it help to stop traffic jam…No!!
Some naive rakyat think everyone lives in the Klang Valley with access to public transport and a car may not be necessary. Thus they are fine with maintaining the current vehicle tax structure whereas other rakyats throughout the country, including East Malaysia, have to live with expensive cars, high finance charges and insurance premiums. If you want to reduce congestion so much, why not follow the UK? their cars aren’t expensive but it is expensive to drive one in London. Make parking and tolls more expensive and introduce congestion related charges. Make it expensive to own a car, not buy one.
Another silly logic from you. How does it help to stop traffic jam….by making more expensive for tolls and parking and reduction for car prices….people will still buy cars when reduction prices and traffic jam will never stop…you must be sleeping. What is the type of fuel category that been seeing more on the roads…non-EV cars have been causing problems for traffic jams. And the vehicle tax structure is already dated and time to modify. Current vehicle tax structure will also won’t help to stop traffic jam. Wake up and wake up
Bro. East Malaysia prefers pickups which has very low taxation. No they are okay with this current arrangements. If you cannot afford it is simply bcoz you are poorfag. Work harder so you can buy your dream P1/P2.
1. Remove all taxes for electric vehicles to save environment
2. Reduce taxes for hybrid and plug in hybrid vehicles to save environment by giving tax incentives
Remove taxes for european cars
4. Impose car taxes based on horsepower including national cars
5. Roadtax must be based on horsepower including national cars
6. Impose stricter for lemon law including national cars
7. Reduce taxes for European and Korean cars including CBU and CKD
8. Remove taxes for pick up trucks
9. Remove taxes for CBU vehicles
Can’t agree:
1. Removing all taxes for CKD vehicles (Reasons: because traffic jam might increase and pollution)
1. Extension on import tax, excise duty, and road tax exemption for CBU EV to 2025.
2. Extension on excise duty, and road tax exemption for CKD EV to 2026.
3. Infrastructure spending on building EV charging point and EV assembly plant nationwide.
4. Introducing lemon law.
5. Introducing end of life vehicle to reduce spate of abandoned cars on the street.
Plenty of EVs around, will still cause traffic jams; yes reduced first-hand pollution, but road traffic, parking space will still led to congestion, double parking etc. Still car-centric.
EVs on the road will cause traffic jam…what kind silly logic is that? Are you saying non-EV cars doesn’t cause more traffic jam…you must be sleeping all the time
Bro. If you replace current 30million ICE cars on the road currently with 30 million EVs, you will still have the traffic jam remain. @Lanhb is right. Replacing one mode with another mode does not reduce jams at all unless switching to mass public transportation.
I don’t know why some people here who thinks that reduce tax but taxing on tolls and parking will stop traffic jam…they must be sleeping or never own car or never see outside before….Everyone loves or drive cars much but traffic jams is already too much and in order to reduce traffic jam, this must put to stop by modifying vehicle tax structure. Saying taxing on tolls, noise pollution levels, parking or whatever it is…that won’t definitely help for sure…please wake up for those who don’t know at all on why traffic jams is already too much
Meaning can import eV car from other countries without paying AP? Can buy tesla and bring directly here?
What happened to Penang lrt?
All these figures goes to dustbin after PM Ismail announce parliament dissolution on Monday, 10th October 2022.