PETALING JAYA: Car buyers are in a last-minute rush to snap up new imported electric and hybrid models following the expiry of incentives for those with engine capacities of less than two litres last Dec 31.
In the 2011 Budget, the Government introduced full import and excise duty exemptions for hybrid and electric cars and motorcycles, regardless of whether they are completely-knocked-down (CKD) or completely-built-up (CBU) units.
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