GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
Home News Auto News GE15: Barisan Nasional promises to make EVs more affordable if they win the election GE15: Barisan Nasional promises to make EVs more affordable if they win the election Auto News Adam Aubrey | November 08, 2022 02:56 pm BN is trying to get EV lovers to vote for them by making EVs more affordable. With just a little more than a week to go, the general election circus is fully underway, and many parties are starting to release their manifestos and promises ahead of the 15th General Election. While some promises like public holidays and toll abolishment are somewhat uninspiring, one of the promises made by a particular party has managed to catch the attention of electric vehicle fans. According to Barisan Nasional(BN) Chairman Dato' Seri Dr. Ahmad Zahid bin Hamidi, If BN wins the election, one of the things that they will do to make sure electric vehicles (EV) are more accessible to Malaysians is to abolish AP (Approved Permits) fees for EV importers. Suppose BN do actually win the election and deliver this particular promise, in that case, this waiver of EV AP fees could potentially lower the prices of EVs in Malaysia, making them more affordable to the masses. Not only will the removal of the AP result in more affordable EVs, but it could also result in a wider variety of EVs entering the market, especially those cheaper ones from China and Korea. The Ora R1 which has 300km of range is priced between RM37,894 – RM 49,300 in China An AP is an import and export licence issued by the Ministry of International Trade and Industry to import vehicles into Malaysia. Although this promise does sound interesting, there's no timeline mentioned for the abolishment of these EV AP fees, which does let the mind wonder whether it is an empty promise or just another gimmick to get people to vote for them. Currently, the government is already giving exemption of AP fees for EV importers until 31st December 2023. During the tabling of Budget 2023, the government aims to extend the exemption of import tax and excise duties for EVs until 31st December 2024. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Barisan Nasional 2022 Barisan Nasional GE15 EV incentives Malaysia 2022 Malaysia budget 2023 MAA EVs sold in 2022 Malaysia Print Adam Aubrey Content Producer Wants to live the simple life, especially when it comes to cars and bikes. That's what tech is for he reckons, to make motoring simpler Related News MAA Wants Government To Provide EV Incentives For Up To 10 Years Electric Vehicle EV Adam Aubrey | September 20, 2022 MAA wants the government to extend EV incentives for up to 10 years.The tax incentives for electric vehicles have caused a flurry of EVs in Malaysia, ... MAA – Government Department Cause Of New Vehicle Pricing Delay Auto News Eric | January 18, 2019 If you’re wondering why the prices of some recently-introduced models are listed as an estimate, the Malaysian Automotive Association (MAA) might ... MAA: Government‘s Inability To Address Delay In Approval Of Car Prices Hurting Auto Sector Auto News Hans | January 16, 2019 The Ministry of Finance’s refusal to make decisions with regards to approval of tax incentives for qualified locally-assembled vehicles is the reason ... November 2016 New Vehicle Sales – Slight Improvement But Unlikely To Hit Forecasted 580,000 Units Insights Hans | December 23, 2016 Total new vehicle sales for Malaysia increased 2.5 percent in November, with a total of 49,085 vehicles sold, according to data from the Malaysian ... Comments
GE15: Barisan Nasional promises to make EVs more affordable if they win the election Auto News Adam Aubrey | November 08, 2022 02:56 pm BN is trying to get EV lovers to vote for them by making EVs more affordable. With just a little more than a week to go, the general election circus is fully underway, and many parties are starting to release their manifestos and promises ahead of the 15th General Election. While some promises like public holidays and toll abolishment are somewhat uninspiring, one of the promises made by a particular party has managed to catch the attention of electric vehicle fans. According to Barisan Nasional(BN) Chairman Dato' Seri Dr. Ahmad Zahid bin Hamidi, If BN wins the election, one of the things that they will do to make sure electric vehicles (EV) are more accessible to Malaysians is to abolish AP (Approved Permits) fees for EV importers. Suppose BN do actually win the election and deliver this particular promise, in that case, this waiver of EV AP fees could potentially lower the prices of EVs in Malaysia, making them more affordable to the masses. Not only will the removal of the AP result in more affordable EVs, but it could also result in a wider variety of EVs entering the market, especially those cheaper ones from China and Korea. The Ora R1 which has 300km of range is priced between RM37,894 – RM 49,300 in China An AP is an import and export licence issued by the Ministry of International Trade and Industry to import vehicles into Malaysia. Although this promise does sound interesting, there's no timeline mentioned for the abolishment of these EV AP fees, which does let the mind wonder whether it is an empty promise or just another gimmick to get people to vote for them. Currently, the government is already giving exemption of AP fees for EV importers until 31st December 2023. During the tabling of Budget 2023, the government aims to extend the exemption of import tax and excise duties for EVs until 31st December 2024. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Barisan Nasional 2022 Barisan Nasional GE15 EV incentives Malaysia 2022 Malaysia budget 2023 MAA EVs sold in 2022 Malaysia
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
MAA Wants Government To Provide EV Incentives For Up To 10 Years Electric Vehicle EV Adam Aubrey | September 20, 2022 MAA wants the government to extend EV incentives for up to 10 years.The tax incentives for electric vehicles have caused a flurry of EVs in Malaysia, ...
MAA – Government Department Cause Of New Vehicle Pricing Delay Auto News Eric | January 18, 2019 If you’re wondering why the prices of some recently-introduced models are listed as an estimate, the Malaysian Automotive Association (MAA) might ...
MAA: Government‘s Inability To Address Delay In Approval Of Car Prices Hurting Auto Sector Auto News Hans | January 16, 2019 The Ministry of Finance’s refusal to make decisions with regards to approval of tax incentives for qualified locally-assembled vehicles is the reason ...
November 2016 New Vehicle Sales – Slight Improvement But Unlikely To Hit Forecasted 580,000 Units Insights Hans | December 23, 2016 Total new vehicle sales for Malaysia increased 2.5 percent in November, with a total of 49,085 vehicles sold, according to data from the Malaysian ...