KUALA LUMPUR: The Transport Ministry will look to introduce a new tax structure for electric vehicles (EV) by the end of the year as part of the government's push for a greener future.
Transport Minister Anthony Loke said that the planned tax structure will encourage the adoption of EVs among the people.
"There have been concerns that once the current EV road tax exemption policy runs out at the end of 2025, EV road tax will likely be quite high based on the current formula.
"However, we will definitely make our policies inline with our aim of facilitating the adoption of EVs in Malaysia as part of our overall sustainability goals.
"As such, we plan to give a direct answer to all potential buyers and be very transparent in how we calculate the road tax soon," he said during his opening speech at the Green Mobility and Transport Forum here Tuesday (May 16).
The current EV tax exemption was introduced under the previous government in 2022 and will last until December 2025.
To further push for EV adoption, Loke added that other pro-EV adoption incentives and policies were also currently being developed.
"The plan is to hopefully announce these incentives along with the new EV road tax structure at the same time, by the end of this year.
"Furthermore, we are also working with Proton and Perodua, as well as industry players to expedite the production of national EVs and the introduction of affordable EVs in Malaysia," he said.