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Monday, 20 January 2014 | MYT 1:09 PM

Netizens hoping new NAP will see reduction in car prices

Visitors taking a look at vehicles displayed at a car showroom. - Filepic

Visitors taking a look at vehicles displayed at a car showroom. - Filepic

PETALING JAYA: Netizens are hoping that the highly-anticipated new National Automotive Policy (NAP), due to be announced Monday afternoon, will help ease the financial burden of car users.

Twitter user @arivin657 hoped that there will more competitive prices for B and C segment cars.

"There also should be discounts for hybrids and they should get rid of the protection policy for national cars," he said.

Facebook user Teresa Francis said the prices of cars should be lowered to benefit the general public.

"This should be applicable to all vehicles, not just hybrids and electric ones," said Francis.

"Or else, it only benefits the rich who don't need the price cuts in the first place," she added.

Another Facebook user, Koru Koru also believed that more should be done to help ease the financial burden of the lower and middle-income groups by lowering the car prices.

She said tax exemptions should be implemented across all cars nationwide.

Roger Tan agreed that cars were "still too expensive" but was pessimistic that something could be done to ease the financial burden.

Several netizens also have their eyes on the duty exemption details regarding hybrid and electric vehicles. The tax exemption for hybrid vehicles, which was implemented under Budget 2011, officially ended on Dec 31, 2013.

Twitter user @wnfrhn hoped the Government will reduce the road tax for “green” vehicles that produce less than 100g/km of carbon dioxide emission.

Benjamin Chee predicted that completely built-up (CBU) hybrid car tax will be maintained, but new CBU cars will see an extra 5% tax reduction.

However, Dragano Mike Toh believed that there will be fewer benefits when it comes to hybrid and electric cars.

"My prediction is that there will be less benefits since Perodua and Proton will be coming up with their versions of hybrid and electric cars," he said.

Other than the duty exemption details for hybrid and electric vehicles, the NAP is also expected to address the gradual reduction of car prices.

However, the crux of the NAP would be the focus on turning Malaysia into a regional hub for energy efficient vehicles with high-tech uptake among industry players for domestic and regional and international exports.

The NAP, which is aligned with the Government's Economic Transformation Programme (ETP), is aimed at creating the "quantum leap" for the local industry players to move into the next era and to enable them to face global automotive challenges of the future.

It was first introduced in 2006 to help regulate the local automotive industry and turn it into a regional, if not global hub. In 2009, it was reviewed to better reflect the changes in the automotive industry.

However, it has been widely criticised for not tackling key issues, such as the oft-abused approved permit system (whereby importers need to have one permit per car) and protectionism of local car manufacturers.

Tags / Keywords: Government , National Automotive Policy , hybrid and electric cars , green cars , Malaysia


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