Electric vehicle tax exemptions swell, but consider public charging bays too

[superadmin]

Budget 2022: electric vehicle tax exemptions swell, but consider public charging bays too

KUALA LUMPUR – The government is set to provide tax exemptions for electric vehicles (EVs) under Budget 2022.

During the tabling of Budget 2022 yesterday, Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz acknowledged the potential of EVs to reduce air pollution.

“Thus, to support the development of the local EV industry, the government agrees to implement exemptions towards import duties, excise duties, and sales tax for EVs.”

Additionally, he announced 100% road tax exemptions for these vehicles.

He said tax exemptions up to RM2,500 will be given to individuals for the cost of purchasing, installing, and renting facilities to charge EVs.

The move by the government to recognise the future of EVs in the automotive industry sat well with industry players.

- More -