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    Malaysia says it is ready to offer a “handsome level” of tax incentives to accelerate its electric vehicle (EV) agenda in the country. Beyond fixed incentives that will benefit both users and the industry, the government will look into adding on further customised incentives for manufacturers based on their level of commitment, according to Malaysia Automotive, Robotics and IoT Institute (MARii) CEO Datuk Madani Sahari. He said that the new EV policy will contain fixed and defined incentives, unlike at present, where incentives are customised under the NAP 2020.

“Currently, we are implementing customised incentives, depending on your economic benefits. But under the new EV accelerated policy, there are fixed incentives. One part of these fixed incentives is related to the excise duty, import duty and sales tax, in terms of what users and the industry is going to enjoy,” he said.

“But on top of that, if you are bringing into Malaysia something extraordinary, we are willing to consider even higher level of incentives, one that will be customised exactly to the level that you are bringing into the country,” he explained. This initiative will not only cover carmakers but also EV component manufacturers.

He added that users would enjoy direct incentives such as lower road tax, the benefit of a green parking scheme, toll rebates as well as rebates on the installation of home chargers.

EVM ASIA 2022Malaysia’s No.1 Electric & Hybrid Vehicles, Technology and Auto Parts and Component Exhibition is the focal point of the transformation in the automotive industry which will showcase over 250 major industry players including Toyota, Nissan, Proton, Tesla, MGTC (Greentech), Haval, Tenaga Nasional Berhad, ABB, Schneider, Pestech.

Scheduled from 27 to 29 September 2022 at MITEC, Kuala Lumpur, EVM ASIA 22 is held in partnership with the Malaysian Automotive, Robotics and IoT Institute, this is the perfect platform for your company to generate sales, build branding and explore new businesses opportunities.

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