Malaysia is taking steps to further build and strengthen its electric vehicle (EV) sector through a series of policy measures, by leveraging the existing EV ecosystem and securing a solid talent pool. sure for the growth of Malaysia’s EV industry, said the Malaysian Ministry of International Trade and Trade. industry (MITI), report Bernama.
Tengku Minister Datuk Seri Zafrul Tengku Abdul Aziz said the country is seriously reviewing policies to support the energy sector to ensure that the electric vehicle ecosystem is fully supported through standards and certifications. and verification for the battery charging and disposing system.
“There are many opportunities in the areas of renewable energy, energy efficiency, energy storage systems and supporting services for electric vehicles such as electric vehicle charging stations, operation and maintenance,” he said in his keynote speech at an electric vehicle conference earlier this month.
Zafrul said the Malaysian government would need to strengthen the country’s technical and vocational training to take advantage of the electric vehicle market, adding that the government was firmly committed to developing the automotive industry strategy , especially the electric vehicle sector as part of its growth strategy. Ambition to be net zero carbon by 2050.
In a move that is likely to further boost electric vehicle adoption in the country, finance minister and prime minister Datuk Seri Anwar Ibrahim stated during a discussion on Revised Budget 2023 that the current exemption from import duties and excise taxes on imported complete electric vehicles (CBUs) will be extended for another year to December 31, 2025.
This will initially end on December 31, 2023, before first table of the Budget 2023 Exemption extension until December 31, 2024.
In addition, the import duty-free period for parts used in domestically assembled electric vehicles has also been extended for two years to December 31, 2027 from the previous end of December 31. year 2025.
