Revving up the automotive sector


WITH the tabling of Budget 2026 next week, one key sector the government needs to address is the automotive industry, especially in relation to tax breaks and the RM100,000 floor price introduced for the sale of electric vehicles (EVs) in Malaysia.

The automotive sector has seen a dramatic shift in supply and demand equilibrium, driven by the emergence of EV cars in the market, particularly imports from China.

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