Malaysia’s revised Budget 2023 (Bajet 2023) will be tabled by finance minister and prime minister Datuk Seri Anwar Ibrahim in parliament at 4pm today. As with previous editions, we will be monitoring the speech by the PM for any automotive- and transport-related matters.
The original tabling of Budget 2023 by the previous administration in October 2022 brought the announcement that fully-imported (CBU) electric vehicles would be exempt from import and excise duties until December 31, 2024, an extension of a year from the previous end date of December 31, 2023.
More EV incentives could be announced in the retabled budget, given the broad hints that have already come about on the matter. Last month, natural resources, environment and climate change minister Nik Nazmi Nik Ahmad said that the government intends to offer additional EV incentives, and earlier this week minister of international trade and industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz said that proposed incentives had been submitted to the finance ministry.
Also expected to be included in the revised budget is the announcement of a targeted fuel subsidy, which Anwar has said is a topic he wants to address as quickly as possible.
In addition to automotive-related matters, we’ll also be looking out for any public transport and infrastructure news. We will have live updates here when the time comes, so stay tuned.
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I dont even understand what MADANI means.
I keep thinking permaidani.
You’re not alone. Probably most people don’t care about it.
Dear government, please lower car prices but to all groups including M40 and T20, not only just B40. Fair for everyone. People would buy any cars because of their dream. Not mahathir rule for likes to tax, no one likes the tax
making cars cheap only will flood the roads with even more jams, cost to subsidize petrol even greater, more tolled roads, higher maintenance cost, higher pollution, more fatalities…why???
affordable homes, better public transportation & stable food prices is basic necessities…not car ownership
But many love to drive cars to make more life easier than using public transport sometimes. Yes, many also prefer to take public transportation too. But yeah, there are too many cars on the road these days. But I would recommend to the government m is to implement new cars that come with better fuel efficiency to have lesser emission and also more reliable to encourage for people to buy to save our country environment, especially for luxury cars. However those ordinary brands like toyota, honda, proton, perodua and nissan should not be taxed as those brands are not luxurious brands though unlike mercedes and maserati as mercedes and maserati are so luxurious brands than bmw and audi
Apart from permaidani rahmah some people are also looking for seluar katok rahmah…this will ensure them to support the madani govt even more
Spot on they are a bunch of carpetbaggers after all.
Previous 60 years gomen never said to limit car ownerships only for the rich.
Previous 60 years gomen never said RM 120k car is considered affordable.
Previous 60 years gomen never bash B40 & M40 for not affording an “affordable Rm 120k” EV.
Previous 60 years gomen never send trolls to whack others for highlighting the truth.
Simply put, previous 60 years gomen was never this farkup like today.
We want lower car prices. Tax the rich, help the poor.
Be a beggar around KL area, alot people will help u
Better give free Condoms for B40 to lower down poverty rate. Less breeding means more disposable income.
Whenever u face the situation, what b40 people face, u will know why did they become poor, not just because of the population. Pls go and wash yr brain, it’s like stinky drain
Agree with lower car prices, but to all groups including M40 and T20, not just B40. Fair for everyone. People would buy any cars because of their dream. Not mahathir rule for likes to tax, no one likes the tax
Abolish tolls staggered basis,maintain fuel subsidy,revamp all existing monopolies,jail all the corrupted ones…the best budget for rakyat
Lower car prices but to all groups including M40 and T20, not only just B40. Fair for everyone. People would buy any cars because of their dream. Not mahathir rule for likes to tax, no one likes the tax
why cant we adopt what SG is doing?
it is working for them, good public transportation system, high tax income from vehicle ownership, zero subsidies on fuel…less fatalities less pollution
Should tax the ones that have higher pollution especially for luxurious brands. But not all luxurious brands have to taxes but with lesser emissions including petrols shouldn’t be taxed and also the ones better reliability also should not be taxed
Budget Madani – I was expecting better automotive initiatives but ending up being taken by Robin Hood.