(Bernama) – The government is fully dedicated to facilitating the growth of the electric vehicle (EV) industry and the broader adoption of green technology, said Prime Minister Datuk Seri Anwar Ibrahim.
He said this aligned seamlessly with the government’s goals laid out in Budget 2024, which accelerate the widespread acceptance of EVs and promote the use of green technology in diverse sectors.
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I feel encouraged and optimistic about the Malaysian government’s commitment to promoting the growth of the electric vehicle (EV) industry.
Their alignment with the goals outlined in Budget 2024 demonstrates a forward-thinking approach to accelerating the adoption of EVs and embracing green technology across various sectors.
The extension of import duty exemptions for locally assembled EV components until December 2027, along with full excise tax and sales tax exemptions for CKD EVs, is a positive step that should make EVs more accessible to the public.
Additionally, the extension of CBU duty exemptions until December 2025 further incentivizes the EV industry’s development.
Overall, this news is a significant move towards a more sustainable and environmentally friendly future, and it’s heartening to see the government taking such proactive measures.