SEPANG: The government will unveil the new road tax structure for electric vehicles (EVs) by the end of this year.
Transport Minister Anthony Loke said the move aims to encourage more people to migrate to EVs.
However, the new road tax structure will only take effect after two years, as the previous government had granted road tax exemptions for EVs until 2025.
"The ministry has reviewed the road tax structure for electric vehicles, which I will announce shortly,
"This matter has also been presented to the EV task force to ensure that the new structure is more competitive and less burdensome for consumers," he told reporters after officiating the International Rail Symposium today.
Loke explained that implementation of the new structure took several factors into account, including public concerns about high tax rates.
"Consumers are generally concerned about the EVs road tax structure because if it's based on the old formula, the cost impact is high.
"Through the new restructuring based on the ministry's study, the cost is much cheaper than before," he said.
Loke stressed that the adoption of electric vehicles (EVs) required the involvement of other ministries as part of a comprehensive government-wide approach and not limited to the ministry alone.
"Encouragement is necessary to prompt the public to start embracing the use of EVs, and the ecosystem needs to be developed.
"We indeed support the government's efforts to promote the use of EVs, but it requires a sustained effort to make a full transition from conventional vehicles to EVs.
"Continuous efforts from various parties are essential to support the government's initiatives and policies in developing the EV industry in our country."
