Join forces to drive EV hub ambition, govt urged

Comprehensive and long-term policies and incentives can position Malaysia as an EV manufacturing hub, says MAA.

For a start, the Malaysian Automotive Association said, the government must quickly come up with comprehensive and long-term policies and incentives to fuel the EV industry. It said the government could start by giving personal income tax relief to those who not just purchase EVs but also install solar panels at home.

EVAM president Dennis Chuah said the infrastructure for EV charging must be expanded and there must be tax exemptions to make Malaysia the Southeast Asian EV powerhouse. “We are a semiconductor producer and we can design components here. Going forward, we want to see the production increase and more local companies making parts here,” he added.

Besides that, road tax is not required for EVs until 2025 and personal income tax relief of up to RM2,500 for installation, rental and purchase of EV charging facilities has already been given for the 2022 and 2023 years of assessment.

Source: News Formal (newsformal.com)

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