KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed the government's commitment to granting tax deductions of up to RM300,000 to companies leasing non-commercial electric vehicles (EV).
He also said that the government was also committed to fulfil its promise to waive road taxes for EV until December 2025.
"We've extended import duty exemptions for locally assembled EV components until December 2027. We have also granted full excise tax and sales tax exemptions for completely knocked down (CKD) EVs and extended completely built-up (CBU) duty exemptions until December 2025," he said during his speech at the launch of the Weststar Maxus at Shangri-La Hotel here tonight.
In addition, he reaffirmed the government's pledge to install 10,000 charging stations for electric vehicles throughout the nation; Malaysia currently has only 1,246.
"As we chart our course towards a more environmentally sustainable future, we are committed to setting up 10,000 electric vehicle charging stations throughout Malaysia by 2025.
"At present, we have 1,246 operational public charging stations, signifying just the initial phase of a robust charging infrastructure that will facilitate the widespread adoption of electric vehicles," he added.
In February, it was reported that the government had extended a number of tax exemptions that were introduced to incentivise electric vehicle (EV) uptake in the country.
They include a two-year extension of the excise duty and sales tax exemption for locally-assembled EVs until Dec 31, 2027.
The tax exemption for the import of EV components has also been extended to Dec 31, 2027.
On the other hand, the import and excise duty exemption for fully-imported EVs is extended to Dec 31, 2025.
