MARii: Budget 2024 incentive scheme for e-bikes will boost demand

The Electric Motorcycle Usage Incentive Scheme announced in Budget 2024 is expected to increase the demand and usage of electric motorcycles in Malaysia and is in line with the government’s target to achieve electric vehicles making up 15% of total motorcycle sales by 2030, said the Malaysia Automotive, Robotics and loT Institute .

“MARii is confident that this is an important step in developing technology and EV-related business activities in Malaysia,” he said in a statement. He said the e-bike incentive scheme is in line with the National Automotive Policy 2020, as well as being aligned with the Madani Economy’s objective to empower the people on the use of new technology apart from contributing towards the nation’s target to be carbon neutral by 2050.

It said the availability of infrastructure, technology, talent and government support and established supporting industries such as electrical and electronics and component producers in the EV battery manufacturing chain contribute to make Malaysia an EV industry hub.

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