KUALA LUMPUR: The Transport Ministry is currently in the final stage of reviewing the road tax structure for electric vehicles (EVs), says Anthony Loke.
The Transport Minister said an announcement on the matter is expected before the end of April.
He said the decision to review the structure is aimed at making the road tax for EVs cheaper compared with internal combustion engine (ICE) vehicles.
“Besides, we want to encourage more people to use EVs.
“The challenge is the comparison of engine capacity (cc) of ICE and EV vehicles.
“Currently, the road tax for EV is free but those who purchase EV vehicles are worried that it would be higher than ICE vehicles.“Our commitment is to reduce tax, so that those who purchase EV vehicles will enjoy an appropriate road tax.”He said this to reporters after witnessing the signing of a memorandum of understanding between Warisan Tan Chong Automotif (M) Sdn Bhd (WTCA) and Guangzhou Automotive Group (GAC) Motor International Co Ltd yesterday, reported Bernama.
WTCA and GAC Motor International had signed the MOU to initiate feasibility studies for two new completely knocked-down vehicle assembly projects in Malaysia.WTCA was represented by its parent company WTC Holdings Bhd’s chief executive officer Tan Keng Meng while GAC Motor International by its president Feng Xingya.
Earlier in his speech, Loke said the sharing of technology and knowledge between China and Malaysia in the collaboration would be instrumental in driving advancements and fostering innovation in the automotive industry.
Such partnerships, he added, would also elevate the country’s image as an attractive destination for investment by high-quality global investors.
“This decision underscores Malaysia’s significance as a key destination for international expansion and highlights the country’s attractiveness as a preferred market for automotive ventures.
“In line with our objective to reach net-zero greenhouse gas emissions by 2050, we encourage WTCA and GAC to introduce more product line-ups to Malaysia, especially EV, as part of our efforts to promote sustainable transportation and reduce carbon emissions,” he said.
