ENZHMS
Link Copiedcheck_circle
EV

One Off EV Subsidy Proposed, But Finalised EV Road Tax Would Be A Better Solution!

KS

29-2-2024

Share via

EV-Subsidy-Liew-(1).jpg


The Ministry of Investment, Trade, and Industry (MITI) had yesterday put forward a plan for a one-time subsidy aimed at bolstering the adoption of electric vehicles (EVs) and facilitate the transition away from traditional internal combustion engines.

Deputy Minister Liew Chin Tong disclosed that this proposal has been formally presented to the Ministry of Finance during a session of the National EV Steering Committee (NEVSC) convened in Dewan Rakyat.


EV-Subsidy-Liew-(7).jpg


By the looks of it the subsidy could be fashioned similarly to the on-going RM2,400 subsidy given to buyers of electric motorcycles who are earning below RM120,000 annually.

Malaysia currently offers various incentives to promote EV usage, including exemptions from excise duty, import duty, and road tax, along with income tax relief for expenses related to charging facilities.


EV-Subsidy-Liew-(5).jpg


However, what we at CariCarz.com view that a good way to promote EV adoption further is the simple act of formulating and announcing the new EV Road Tax rate for 2025 onwards. Quite a large number of potential EV owners are on the fence about committing to this high ticket purchase simply due to the existing calculation being just too costly.

Additionally, both national car manufacturers, Proton and Perodua, have committed to introducing their own EV models by 2025. By then, the floor price put in place to help bolster this effort will be removed.


EV-Subsidy-Liew-(9).jpg


Also addressed in the same parliament session was the matter of charging infrastructure, especially when travelling long-distance. Liew highlighted that the government is focused on expanding the network of fast chargers across the country.

This is especially so as considering an exponential uptake on EV adoption in 2023 where 13,257 vehicles were sold compared to 3,127 units in 2022.


EV-Subsidy-Liew-(10).jpg


Liew also touched on the government's goal to deploy 10,000 EV chargers by 2025, comprising 9,000 AC chargers and 1,000 DC chargers. This target however has since been considered a pipe dream. To date, only about 2,020 chargers have been installed across 750 locations nationwide.


EV-Subsidy-Liew-(2).jpg


Liew did also say that there are more proposals coined to bolster the EV charger deployment that would be presented at the NEVSC’s next meeting slated for the second quarter (Q2)  this year..

We at CariCarz.com do commend these efforts, however we also feel that the government is falling short especially when it comes to the matter of execution. Thus far we have seen that NEVSC has not made a big difference in expediting the matter of EV charging station licensing, which has resulted in many ready-to-operate new facilities sitting idle, case in point the DC Handal DCFC on the new WCE Highway.


DC-Handal-WCE-(6)-full.jpg


EV chargers on major highways and the East Coast are still far too few as well. Even TNB’s planned 6 DC Charging facility along the highways that was supposed to be complete in March 2024 has not materialised yet.

Moreover, the government-set goals mentioned above are technically not financing any EV charging facility estsblishment directly. This is also perhaps the reason for the slow roll-out, largely due to the high cost involved that has to be shouldered by private companies. 



Source: The Edge

Share This Article

Written By

KS

More then half his life spend being obsessed with all thing go-fast, performance and automotive only to find out he's actually Captain Slow behind the wheels...oh well! https://www.linkedin.com/in/kumeran-sagathevan/

Share via

JPJ Running Numbers

KUALA LUMPUR

VPD5920

SELANGOR

BSE8143

JOHOR

JXX6702

PULAU PINANG

PRQ7269

PERAK

ANV8184

PAHANG

CFB7859

KEDAH

KGA6086

NEGERI SEMBILAN

NEF9162

KOTA KINABALU

SJK9847

KUCHING

QAB3745L

Last updated 21 May, 2025

Fuel Price

Petrol

RON 95

RM 2.05

RON 97

RM 3.07

-0.03

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 2.77

-0.03

EURO 5 B7

RM 2.97

-0.03

Last updated 15 May, 2025

Related News

EV
China EV Production Broke 20 Million Mark In Less Then Two Years - 53% Market Penetration!

China EV Production Broke 20 Million Mark In Less Then Two Years - 53% Market Penetration!

China EV sales boomed from 10 million to 20 million units produced in just 1 year and 5 months!

06-07-2023
EV
Budget 2025: Will CBU EV Prices Skyrocket in 2026?

Budget 2025: Will CBU EV Prices Skyrocket in 2026?

Budget 2025 sees no extension of incentives for CBU EVs, so are prices set to go up?

21-10-2024
EV
EMA 2024: MITI Updates Goals - 20% xEV Adoption by 2030, 80% by 2050

EMA 2024: MITI Updates Goals - 20% xEV Adoption by 2030, 80% by 2050

MITI aims to reduce petroleum dependency by advancing the country's transportation electrification.

12-11-2024
EV
More DCFCs Needed on Highways – MITI To Seek Concession Company Assistance!

More DCFCs Needed on Highways – MITI To Seek Concession Company Assistance!

MITI DPM announces the need for more DC chargers on highways and invites concession companies to collaborate with TNB.

13-03-2024
EV
Gov. Developing National Standard For E-Bike Battery Swapping Tech

Gov. Developing National Standard For E-Bike Battery Swapping Tech

Government is developing a national standard for battery swapping technology in electric vehicles.

01-11-2023
EV
National EV Task Force - Looking At Making EVs More Affordable  & Increase Charging Points

National EV Task Force - Looking At Making EVs More Affordable & Increase Charging Points

National Automotive Policy 2020 (NAP 2020) targets Malaysia as a hub for energy efficient vehicles, including electric vehicles.

21-02-2023
EV
Malaysia’s xEV Adoption Up 30% in 2024

Malaysia’s xEV Adoption Up 30% in 2024

Is Malaysia’s xEV surge driven by lasting market demand or by temporary government support that ends soon?

26-02-2025
EV
BHPetrol Launches First EV Charging Station with TNB Electron

BHPetrol Launches First EV Charging Station with TNB Electron

BHPetrol launches first 200kW DC Charging Station in partnership with TNB Electron.

21-02-2025

Latest News

EV
PRO-NET Sells One Proton e.MAS 7 Every Hour

PRO-NET Sells One Proton e.MAS 7 Every Hour

Proton e.MAS 7 sales total surpasses 2,700 units at a rate of one unit per hour, holds 26% of local EV market share too.

20-05-2025
EV
Chery-MIDA Initiative Drives Growth in Local Auto Supply Chain

Chery-MIDA Initiative Drives Growth in Local Auto Supply Chain

Chery and MIDA's new supply chain programme drives Malaysia’s push toward becoming a regional automotive hub.

20-05-2025
EV
Chery iCar V27 Teased as Brand’s New Range-Extender SUV

Chery iCar V27 Teased as Brand’s New Range-Extender SUV

iCar CEO Su Jun has published the first teaser image of the brand’s new range-extender SUV, the iCar V27.

20-05-2025
EV
Malaysia's EV Future Hinges on Cross-Sector and Regional Collaboration

Malaysia's EV Future Hinges on Cross-Sector and Regional Collaboration

From policy to infrastructure, Malaysia sees regional and cross-sector cooperation as key to EV leadership.

20-05-2025
EV
PRO-NET and Shell Recharge Rolls Out Integrated Charging Solutions

PRO-NET and Shell Recharge Rolls Out Integrated Charging Solutions

PRO-NET partners with Shell Recharge to expand EV charging access nationwide, offering convenience for e.MAS and smart EV users.

19-05-2025
EV
Geely Geome Xingyuan Production Hits 200,000 Units in China

Geely Geome Xingyuan Production Hits 200,000 Units in China

Proton e.MAS 5 twin, the Geely Geome Xingyuan, achieves a 200,000-unit production milestone to become China’s top-selling model.

19-05-2025
EV
Mazda EZ-6 Gains New ‘Sports Edition’ Version in China

Mazda EZ-6 Gains New ‘Sports Edition’ Version in China

Changan Mazda has unveiled a sportier ‘Sports Edition’ version of its already sleek Mazda EZ-6 EV saloon in China.

19-05-2025
EV
MGS5 EV Set for Official Launch on May 20

MGS5 EV Set for Official Launch on May 20

MG Motor Malaysia gears up to reveal the price of its new MGS5 EVl on May 20.

16-05-2025

Show More

trending_flat
Carz Automedia Malaysia Logo
About Us

CarzAutoMedia: Stay connected to the latest car news! Get instant updates on new releases, industry trends, and automotive innovations. Your go-to source for 24/7 coverage of everything automotive.

© 2024 CariCarz.com. All Rights Reserved.