KUALA LUMPUR: The government is studying incentive packages to encourage electric vehicle (EV) ownership among Malaysians, says Senior Minister (International and Trade) Datuk Seri Mohamed Azmin Ali. Azmin said this involved road tax exemptions, incentives via income tax returns, and income tax relief for the installation of EV facilities. "Among incentives enjoyed by the OEM include pioneer status, investment tax allowances, as well as import and excise duty exemption," he added. Azmin said efforts to encourage the use of EVs among Malaysians is also in line with the government's efforts to attract high-value investments. "These efforts will contribute towards the government's move to make Malaysia a carbon-neutral country by 2050," he added.

Source: The Star October 05, 2021 07:07 UTC