Heading into the future, the government will ensure that electric vehicle (EV) ownership is available to all income groups. According to investment, trade and industry (MITI) minister Tengku Datuk Seri Zafrul Abdul Aziz, this will be done through targeted subsidies and financial assistance.
“As we look to the future and the upcoming Budget 2024, our focus remains on inclusivity, aligning with the Madani Economy Framework. We aim to make EV ownership accessible to all, especially the B40 and M40 demographics, through targeted subsidies and financial assistance,” he said during the launch of Tesla’s new HQ and first Experience Centre in Cyberjaya yesterday.
While he didn’t expand on this or indicate what measures will be taken to accomplish this, the reality is that making electrification accessible to these income groups won’t happen so soon. It will eventually need local assembly and the lifting of restrictions imposed currently, so if anyone is expecting affordable EVs, 2026 is when things will likely start moving in that direction.
The country presently has import and excise duty exemptions for fully-imported (CBU) battery EVs in place until December 31, 2025, but the floor price for any imported BEV cannot be under RM100,000. The condition, specifically listed under MITI’s guidelines on franchise approved permit (AP) requirements for 2023, was put in place to allow local players to get themselves ready for electrification.
Separately, he said that the implementation of policies and initiatives so far has had a positive impact on the local automotive industry, reflecting the government’s commitment to developing a holistic EV ecosystem in the country.
“The number of registered EVs increased to over 3,400 units in 2022 and exceeded 7,500 units by September 2023, compared to an average of 300 units in previous years. Furthermore, investments in our EV industry have reached an impressive RM26.2 billion from 2018 up to March this year,” he stated in his speech.
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Anwar menang, AP hapus
“Zafrul adalah kepala Perbankan Pelaburan semasa di Maybank apabila urusan pinjaman kepada GHK (Genting Hong Kong) dibuat. Dia kemudiannya berkhidmat di dalam badan eksekutif di CIMB semasa pinjaman kepada GHK diservis.
“Dia telah menjawat jawatan sebagai Menteri Kewangan hampir dua tahun. Dia mempunyai kepakaran yang luas berhubung perjanjian itu, dan mempunyai masa yang cukup untuk melakukan pindaan yang mampu memastikan manfaat kepada pengguna bank.
“Tapi itu tidak berlaku. Ringkasnya, hanya ada seorang yang mampu merundingkan perjanjian yang lebih baik kepada GHK bagi pihak rakyat Malaysia iaitu Menteri Kewangan sekarang. Ternyata beliau telah gagal,”
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Like how? With RM100 credited into your TnG ewallet?
Maybe RM30
idk man, we absolutely do NOT need more cars on the road.
60k tesla model 3 thankiu
i dont know. but according to some news i heard. in us if they convert all truck and/or all car to ev truck and/ or ev car, there wont be enough power to charge them without shutting down other thing that consume power, like your home ac, or factories machinery. i would guess the same situation in malaysia. not sure if our gov study that or not. also, if everyone is driving ev, imagine during holidays, just hope they have dedicated lane for ev lining up to charge on highway.
malaysia today has 30% power generation excess capacity. no worry.
There are already several sub RM100k EV on the market which cannot be brought in due to the floor pricing set at RM100k. The gov is preventing affordable EVs not helping… and if it’s because to wait for local players to get ready? I believe Proton had an 300km Iriz EV since 2015? 6 years has passed… pretty long already no?
why do we need to wait for proton or perodua….both are owned by China & Dahatsu/toyota? let the be below rm100k EV if govt seriously want b40 to adopt/buy EVs!
Its a good move, else Malaysia would be dumping ground for crappy cars lying at the EV graveyard in middle kingdom.
no need lah. b40 and m40 already know all the bullshit behind the ev agenda. let the rich use ev forever.
Tageted subsidiaries? An EV is supposed to sell at RM100k, T20 needs to pay RM160k and B40 only pay RM40k? End up no one buy EV and government has to continue to subsidize petrol? This idiot!
Let face the true here, the only way B40 and M40 enjoy EV is the GOKL green EV bus which is FREE, but event that the majority passenger is foreigner
I would prefer the money spend on improving public transport EV that is.
Don’t need la dei. Since when b40 group asking for ev? Please increase the tax + charging fees for t20 will do.
Instead of ensuring EV ownership accessibility to B40 and M40 groups, the gov should provide targeted subsidies for them to buy gasoline cars. EV is not for everyone and is very expensive to buy and cost of charging is high. And then there is a life expectancy of the battery which will cost an arm to replace later down the road. When B40 buys a car they want a reliable car no fuss hassle free daily traveling which can last long for 15years or more. I can leave my gasoline car unused parked for a month and come back 1 month later and still working. Worst case is if the battery is dead I can replace it by few hundred ringgit. Imagine what will happen to an unused EV parked for 1 month. Not even 1 month say for 2 weeks the battery will be dead and will cost you tens of thousand if not hundreds to thousand to replace.