Budget 2024: RM2,400 to encourage e-bike ownership

Budget 2024: RM2,400 to encourage e-bike ownership

A RM2,400 rebate under the Electric Motorcycle Usage Incentive Scheme will be given under the 2024 Budget. This was announced by prime minister Datuk Seri Anwar Ibrahim in his budget speech this evening.

The incentive is intended for those earning RM120,000 and below annually. This is a government aim to promote electric motorcycles among the B40 income group as part of Budget 2024.

In Malaysia, the e-bike market is centered around urban scooters in the RM10,000 range such as the Yinson GreenTech RydeEV using the Oyika battery swapping system with leasing plans starting from RM250 per month. Other offerings include Blueshark with prices starting from RM7,190 and TailG Ebixon priced between RM9,000 and RM15,000.

Additionally, RM600 million will be allocated to construct three bus depots and purchase 150 electric buses. More good news for those in the Malaysian electric vehicle (EV) eco-system as the tax exemption of up to RM2,500 for expenses on EV charging for four years and tax reduction for EV rentals for two years will continue.

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Mohan K Ramanujam

Coming with diverse and extensive experience in heavy engineering, Mohan enjoys making anything with wheels go fast, especially motorcycles. His weapon of choice is the Desmoquattro engine, and he has a penchant for anything with a dash of Italian design. Strangely enough, he insists he's a slow rider.

 

Comments

  • Madani konon on Oct 13, 2023 at 7:17 pm

    Why only e-bikes? E-cars cannot give meh? Matini

    Like or Dislike: Thumb up 5 Thumb down 10
  • Junkies otr on Oct 13, 2023 at 8:41 pm

    Ban all those illegal e scooters first laa.

    Like or Dislike: Thumb up 2 Thumb down 6
  • dong gor on Oct 13, 2023 at 10:05 pm

    The incentive is intended for those earning RM120,000 and below annually. This is a government aim to promote electric motorcycles among the B40 income group as part of Budget 2024.

    120k is T20 lor…target apa B40. cakap apa telur?

    Like or Dislike: Thumb up 8 Thumb down 10
    • 120k now will become B40 lol…
      He already give us the hint lol..

      Like or Dislike: Thumb up 7 Thumb down 4
    • Madani konon on Oct 13, 2023 at 11:14 pm

      Telur dia saiful dah makan kan….

      Like or Dislike: Thumb up 4 Thumb down 8
    • It said 120k & BELOW on Oct 14, 2023 at 1:20 am

      Yes, the article did state that the incentive is for those who earn RM120k & below annually, and everyone already knows that those in the B40 group do actually earn less than RM120k a year.

      Like or Dislike: Thumb up 11 Thumb down 1
    • Seitha on Oct 17, 2023 at 10:35 pm

      Bomba should prepare for more EV fires, as the first Tesla fire in Malaysia already happened.

      Like or Dislike: Thumb up 2 Thumb down 0
  • Kamal Bin Baharim on Oct 13, 2023 at 10:40 pm

    120k nxt year will be downgrade to B40 lol..
    He alraedy give us the hint then… hahahha

    Like or Dislike: Thumb up 4 Thumb down 4
  • I’m not eligble. So how?

    Like or Dislike: Thumb up 0 Thumb down 2
  • Are you sure FM/PM says B40? B40 will not be able to afford e-bike.

    Like or Dislike: Thumb up 2 Thumb down 1
  • post fish on Oct 14, 2023 at 4:07 pm

    but people still will not buy e-bike.

    Like or Dislike: Thumb up 2 Thumb down 3
  • Marlon Balasa on Oct 14, 2023 at 8:23 pm

    Yes that’s good

    Like or Dislike: Thumb up 1 Thumb down 1
  • Petrol powered motocycle already low running cost, why ebike…

    Like or Dislike: Thumb up 2 Thumb down 1
    • Ramlee on Oct 16, 2023 at 10:50 am

      Honda Cub pump rm 5 petrol can ride for 1 week. Why the hassle buy E scooter rm 10 000 n need to recharge battery often ? Rm 5 petrol so cheap. One mth less than rm 20 petrol . No need spend rm 10 000 buy E scooter.

      Like or Dislike: Thumb up 4 Thumb down 1
  • Forgot about our own local bike also eclimo

    Like or Dislike: Thumb up 1 Thumb down 0
 

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