Budget 2025: No mention of EV tax break extension; Perodua working on sub-RM100k EV

Budget 2025: No mention of EV tax break extension; Perodua working on sub-RM100k EV

Finance minister and prime minister Datuk Seri Anwar Ibrahim has announced in his Budget 2025 speech that Perodua is working on a sub-RM100k EV, without divulging any further details.

Besides this, there is no mention of any extension to the EV tax breaks, so CBU EV tax breaks will end in 2025. Beginning 2026, only CKD EVs will be tax free. The free road tax for EVs should also be ending in 2025.

Perodua displayed the emo-1 EV concept at the Malaysia Autoshow 2024, foreshadowing its upcoming EV which is expected to surface towards the end of next year.

Instead of deriving the technology from partner Daihatsu, Perodua is developing its EV on its own, with the assistance of an as-yet-unnamed Australian partner.

Proton is going to launch the eMas 7 EV soon, but as that will be CBU from China (at least for now), it will have to adhere to the RM100k floor price that’s been set by the government.

The Neta V and Dongfeng Box are among the EVs expected to be locally assembled (CKD) in 2025 – these could be priced below RM100k as well.

GALLERY: Perodua emo-1 Concept at Malaysia Autoshow 2024

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Jonathan James Tan

While most dream of the future, Jonathan Tan dreams of the past, although he's never been there. Fantasises much too often about cruising down Treacher Road (Jalan Sultan Ismail) in a Triumph Stag that actually works, and hopes this stint here will snap him back to present reality.

 

Comments

  • Dah Menang Semua on Oct 18, 2024 at 5:56 pm

    Long time din get anything from
    Jonathan James Tan!!
    Biler p2 hybrid??

    Like or Dislike: Thumb up 8 Thumb down 1
  • ROTI CANAI on Oct 18, 2024 at 7:15 pm

    mabuk la. open up the market. china plenty of sub 100k ev’s. stop burdening the rakyat with these overpriced cars.

    Like or Dislike: Thumb up 10 Thumb down 1
  • Dong gor on Oct 18, 2024 at 7:23 pm

    2025 already confirm no tax ma for ev. No need to mention lor. Budget 2026 will extend the ev tax

    Like or Dislike: Thumb up 1 Thumb down 0
  • Under RM100k = RM99,999,99 excluding insurance

    Like or Dislike: Thumb up 1 Thumb down 0
  • 4GR-FSE on Oct 19, 2024 at 10:31 am

    Not a bad idea to have tax free CKD EVs
    This rise a question how will those CBU EV brands like Tesla or any other brands that are reluctant to CKD their cars going to survive?.. if they don’t survive here, we will have issues with after sales support for these brands, especially those who have bought their tax free models. I guess Lotus, Tesla, Kia, Hyundai maybe Xpeng won’t setup CKD here. Only Cherry CKD their Omoda E5 as well as Volvo as of now (correct me if I m wrong) The rest remain to be seen.

    Probably stick to those brands that are likely to survive in Malaysia in the long run..

    Like or Dislike: Thumb up 3 Thumb down 1
  • Munro Chan fans on Oct 20, 2024 at 1:45 pm

    maibi EV definitely overweight obese with battery cells hogging valuable space also straining suspension system…since the original chassis body not designed ground up for EV

    Like or Dislike: Thumb up 4 Thumb down 0
    • car tokers on Oct 21, 2024 at 1:58 pm

      Rumour says there going to rebadge byd ev as the first p2 ev

      Like or Dislike: Thumb up 2 Thumb down 0
 

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