Electrification may be moving along at a decent pace in Malaysia, but the investment, trade and industry ministry (MITI) is hoping that the finance ministry will consider introducing purchasing incentives in the upcoming Budget 2024 to further encourage the uptake of electric vehicles.
It minister, Datuk Seri Tengku Zafrul Abdul Aziz, said the ministry had received a large number of proposals from industry players and people with regards to incentives that can be included in the budget, including that related to the EV ecosystem, Bernama reports.
He said the introduction of purchasing incentives to promote the purchase of EVs in Malaysia is a good proposal which should be included in the budget. “I am confident that the prime minister (as the finance minister) will give due consideration to proposals from all ministries, including MITI,” he said following the launch of Yinson GreenTech’s rydeEV EV leasing and battery swapping service yesterday.
He said this in response to a question regarding the possibility of more EV incentives being introduced, and added that the suggestions for purchasing incentives includes that for two-wheelers. “Indonesia is the only ASEAN country (so far) that has introduced subsidies for the purchase of their electric motorcycles,” he said
Tengku Zafrul said that while the ministry will continue to support the growth of EV charging infrastructure for two-wheelers, battery-swapping would go a long way in pushing along the adoption of electric motorcycles.
“As the battery of an EV constitutes up to 70% of the cost, battery-swapping can significantly reduce the ownership cost for e-bike owners. This battery subscription service takes popularising EV to a whole new level, where users can simply switch on their e-bikes and enjoy the ride,” he said.
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I hope due consideration will be given to include hybrid vehicles. In my opinion, they are still a viable alternative to full EVs given that the charging infrastructure is still lacking.
They should get rid of AP system rather than all these EV incentive bullshits. Let the rakyat choose between ICE or EV.
You take away our rice bowl gomen have to spend more money to feed us pukimas coz we don’t know how to feed ourselves
Just remove that RM100K minimum sell price. The higher priced EV will follow suit to reduce pricing as well after that. Automatically the people get the incentive. No need silly claim during tax submission.
Betul tu! I wish to sell my model 3s to the rakyat at lower prices too!
Millionaires like tengku zafrul dies not want poor and middle income earners to buy EV’s. Only the higher income get this incentives to buy
EVs are nothing but trouble. Biar T20 je merasa low RV high battery replacement costs ok? B40 & M40 gi main jauh2.
The reason why cars were made into EV is because most of everywhere in the world do not car pool and therefore causes much of the pollution, however for bikes how often were they blamed for air pollution and why the haste to change to EV bikes judging by the performance of EV it may cause more of a nuisance instead.
Hello Tesla minister,
Tax free EV, and now PURCHASING INCENTIVES FOR THE RICH TO BUY THEIR EVs??
Again the M40s gets squeezed again
PLEASE FOCUS ON OTHER AREAS of the industries to provide more jobs and industry relevancies and competitiveness for the next decades
SECONDLY, please make Malaysia more competitive trade wise; fact that we are not, many are using Singapore and HK to bypass. pls stop focusing and hanging out with poor low value countries
Why spore number 1 and we are number 23rd for 2023? Please learn from Singapore
Syukur kerajaan madani prihatin terhadap pembayar cukai tinggi
Where are the incentives fund to reward the rich coming from?
From the higher income taxes we pay
But how about EVs under 100k?
That’s the elephant in the room no?
CCP propaganda
Lower the minimum price of imported EV to 80k from 100k right now…sales gonna be skyrocketing
No need incentive for EV….no use for normal low income ppl unless you can buy EV at saga/myvi prices