Tax incentives to spur adoption of EVs

THE Malaysian Automotive Association (MAA) has welcomed the government’s tax incentives for electric vehicles (EVs) under Budget 2022, as well as the extension of the sales and services tax (SST) exemption on passenger vehicles for another six months.

“We are thankful for the incentives on EVs to encourage foreign investment and to increase sales of such vehicles in Malaysia,” MAA president Datuk Aishah Ahmad tells StarBizWeek.