The Malaysia Automotive Association says it is appreciative of the government’s effort to support the EV market but feels it is too early to end some of the current incentives in 2023. – EPA pic, September 18, 2022.
AUTOMOTIVE players are hoping for an extension of tax breaks for electric vehicles in the upcoming Budget 2023. Malaysia Automotive Association president Aishah Ahmad said the association is appreciative of the government’s effort to support the EV market but feels it is too early to end some of the current incentives in 2023.
“We seek an extension of full import and excise tax exemption for completely built-up units EVs while the market is preparing for the growth of EVs in Malaysia.She said EV sales figures for CBU units have started to climb this year as Budget 2022 incentives kicked in. Budget 2022 offered 100% exemption of import and excise duties as well as zero road tax for CBU EVs up to December 31, 2023, and 100% duty exemption for CKD EVs up to December 31, 2025. – Bernama, September 18, 2022.
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