The investment, trade and industry ministry (MITI) is finalising the New Customised Incentive Mechanism (NCM), Bernama reports. NCM is a vehicle tax and incentive system that’s expected to be fixed, fairer and more transparent than the current Customised Incentives (CI), which have been in place since the National Automotive Policy (NAP) 2014. More on the NCM here.
The initiative will support automotive investments through a clearer tax framework, fairer incentives and stronger ecosystem development, said MITI minister Tengku Datuk Seri Zafrul Abdul Aziz. “These measures, together with efforts to strengthen Malaysia’s e-charging infrastructure, are aimed at keeping policies aligned with global mobility trends and building the ecosystem needed to boost consumer confidence in EVs,” he said in his speech at last night’s iCaur 03 launch.
He also reiterated that MITI and the Malaysia Automotive, Robotics and IoT Institute (MARii) are doing a mid-term review of NAP 2020. “Broadly, the NAP review will cover areas such as reducing petrol dependency and expanding component exports, to ensure Malaysia stays ahead of mobility megatrends,” Zafrul said, adding that the government is focusing not only on volume but on ensuring Malaysians have access to vehicles with advanced powertrains, modern safety features, efficiency and reliability.
“We are positioning Malaysia as a regional hub for innovation and production, where vehicles made here can serve the entire ASEAN and Asian region, and where Malaysian talent contributes to breakthroughs in green mobility,” the MITI minister also said, adding that as this year’s ASEAN Chair, Malaysia is committed to strengthening automotive supply chains, promoting cross-border EV infrastructure and encouraging joint R&D in next-gen tech.
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if najib was still in power malaysia would already be bankrupt by 2mdb and jholow would be richer than elon musk. is this what you want, plainbs?
Whatever it is Miti goreng, PH will never fulfill their promise to give cheaper cars. Ironically cars became cheaper under Najib’s GST era. So lets bring Najib back as PM and kick out PH into oblivion! Huzzah!
the real irony is that ron95 is cheaper now than it was during your idol bijan time (accounting for inflation)
The Malaysian car market is very price sensitive so if MITI wants more people to buy EVs all it has to do is to let the market decide the price of EV without high taxes. There is no need to set a min price of RM100K for CBU EVs. There is also no need to tax CKD EVs ranging from 60% – 105%. More EVs on the road will save the government money in petrol subsidy.
Hmm must be like saying APs are needed to ensure EVs cars sold here in locally are safe…..cough*cough* NetaV score 0 star NCAP safety with the powerful cronies.