MITI finalising New Customised Incentive Mechanism

MITI finalising New Customised Incentive Mechanism

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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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

  • plainbs dont cry on Sep 10, 2025 at 12:36 pm

    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?

    Thumb up 1 Thumb down 5
    • Make Malaysia Great Again on Sep 10, 2025 at 7:44 pm

      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!

      Thumb up 3 Thumb down 3
      • plainbs dont cry on Sep 11, 2025 at 12:41 pm

        the real irony is that ron95 is cheaper now than it was during your idol bijan time (accounting for inflation)

        Thumb up 1 Thumb down 0
  • My Way on Sep 10, 2025 at 12:54 pm

    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.

    Thumb up 4 Thumb down 0
  • Kea Was on Sep 10, 2025 at 1:21 pm

    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.

    Thumb up 7 Thumb down 0
 

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