More incentives for EVs

RHB Research said in report that Budget 2023 would likely provide incentives to attract original equipment manufacturers to assemble their EVs locally, which in turn could incentivise them to sell domestically. — Bloomberg

PETALING JAYA: More incentives to expedite the adoption of electric vehicles (EVs) in Malaysia are anticipated under the revised Budget 2023 that will be tabled on Feb 24.

This is given the “still sluggish” EV adoption domestically, said RHB Research in its latest report.