MAA proposes Budget 2024 incentives to include all electrified vehicles

KUALA LUMPUR: As the government is ramping up green initiatives in the automotive industry, the Malaysian Automotive Association (MAA) is proposing incentives under the Budget 2024 to be given to all types of electrified vehicle (xEV) rather than just electric vehicle (EV), in order to popularise xEV in Malaysia.

President Mohd Shamsor Mohd Zain said the term xEV includes hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), battery electric vehicle (BEV), and fuel cell electric vehicle (FCEV).