Budget 2022: EV gets boost from exemption of various taxes


BIZAUTO-TESLA-CRASH-REGULATORS-DMT

KUALA LUMPUR: The government has decided to give full exemption of import duty, excise duty, as well as sales tax for electric vehicles (EVs) as it seeks to support the local EV industry.

Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, in his Budget 2022 presentation in Parliament, said a 100% road tax exemption will also be given to EVs.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Tengku Zafrul , electric vehicles , EV , sales tax

Next In Business News

GEAR-uP needs a transparency tune-up
Casino home run for Cohen
Cortina rolls out mobile homes for Winter Games
Telcos pay for DNB’s misfire
China’s slow stock rally gains investor trust
Majuhome� built to last
Genting’s high-stakes double-edged win
Stable credit lights up Asia Pacific
Investors turn to EMs
Mega port strategy in the dock

Others Also Read