Putrajaya to offer incentives for electric vehicles, Dewan Rakyat told

[superadmin]

KUALA LUMPUR, Oct 5 — The government has offered incentives in the form of direct and indirect tax relief for the assembly or manufacturing of electric vehicles (EV), component parts, and the development of EV ecosystems such as charging facilities.

Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said among the incentives are pioneer status for the production of original goods, investment tax allowance, and the exemption of import and excise duties.

“Malaysia takes the ‘compare and offer’ approach by forming a comprehensive, clear and consistent policy to entice EV use, while our regional competitors focus on incentives to OEMs (original equipment manufacturers),” he told the Dewan Rakyat during his winding-up speech for his ministry for the recently tabled 12th Malaysia Plan (12MP).


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