MITI hopes to see purchasing incentives for EVs being included in upcoming Budget 2024 - Tengku Zafrul

Electrification may be moving along at a decent pace in Malaysia, but the investment, trade and industry ministry is hoping that the finance ministry will consider introducing purchasing incentives in the upcoming Budget 2024 to further encourage the uptake of electric vehicles.

It minister, Datuk Seri Tengku Zafrul Abdul Aziz, said the ministry had received a large number of proposals from industry players and people with regards to incentives that can be included in the budget, including that related to the EV ecosystem,He said the introduction of purchasing incentives to promote the purchase of EVs in Malaysia is a good proposal which should be included in the budget.

Tengku Zafrul said that while the ministry will continue to support the growth of EV charging infrastructure for two-wheelers, battery-swapping would go a long way in pushing along the adoption of electric motorcycles. “As the battery of an EV constitutes up to 70% of the cost, battery-swapping can significantly reduce the ownership cost for e-bike owners. This battery subscription service takes popularising EV to a whole new level, where users can simply switch on their e-bikes and enjoy the ride,” he said.Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap.

Source: News Formal (newsformal.com)

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