MAA proposes Budget 2024 incentives to include all xEVs

Mohd Shamsor said MAA hoped that the existing incentives of a rebate of RM2,500 and road tax waiver to be extended further to the purchase of all xEVs

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, battery electric vehicle and fuel cell electric vehicle.