With the ministry of finance (MOF) already confirming the expiration of vehicle import and excise duty exemptions for CBU fully-imported electric vehicles this year, prices are expected to increase significantly, with industry players estimating anywhere between a 30 and 100% jump.
The loss of tax-free EVs could be compensated by other incentives, however, according to Bernama. Minister of investment, trade and industry (MITI) Tengku Zafrul Abdul Aziz told the national news agency that discussions are being held between his ministry and MOF, although “no proposals have been made yet.”
Malaysia is in danger of falling behind its stated EV adoption goals as price hikes loom. The government has previously said it is aiming for these zero-emission vehicles to make up 20% of all new vehicle sales by 2030, rising up to 50% by 2040 and 80% by 2050.
Tax incentives will remain for CKD locally-assembled EVs until the end of 2027, with most mainstream brands already committing to local production, including national carmakers Proton and Perodua. Some foreign makes like Volvo and Mercedes-Benz already make at least some of their EVs here, but a few others such as BYD and Xpeng expect to only start production in the second half of 2026, so expect some price increases at least for several months.
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All together now; U TURN
whats wrong will changing to follow rakyat will? if rakayat want subsidy continue then of course govt will follow, takkan gomen go against will of rakayat?
Those brands now have ckd plants as deal done, should give grant exemption for cbu, as part of transition from cbu to ckd, though beyond end of exemption of 2025
Karut je, baik cukai tu digunakan untuk orang ramai pada subsidi perubatan dari senangkan orang yang dah senang
All actions contradicts objectives.
But there are people who love to drive EV but as long as more reliable
Yes EV terbaik
It’s the year 2045 and Malaysia has fallen behind in adoption and charging network compared to the entire region. EVs have become technically and financially a no-brainer for anyone who wants to buy a vehicle.
The same people complaining about policies to encourage EV adoption in 2025 will say “told you so, it was clear EV is the future but we sat on our behinds and did nothing, garmen bodoh”
virtually nobody wants EV because budi95 cheap ron95 petrol RM1.99 thanks to madani
Not everything is about politics. People buy cars that match their wants, needs and budget
I am rushing to test drive now and buy an EV by Dec25. If later new system makes the EV is even cheaper than now, I will curse you to dxx!
there are a few ckd choices in the market already
End 2026 so to force EV brands set up factory in the country. But seem a bit early as more brand just step in and not ready
Adding new taxes to EV is like a tariff. Imposing tariff now is against the spirit of free of trade between Malaysia and China. Imposing tariff will give China the right to impose tariff on eg palm oil or durian.
…. So Malaysia should abandon any tax.fees, suites etc
whatsoever….