Budget 2024: Major incentives for EV users

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Budget 2024: Major incentives for EV users
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PETALING JAYA: The government will take steps to ensure the welfare of hawkers and traders as well as the comfort and satisfaction of customers.

PETALING JAYA: Budget 2024 will see the introduction of several electric vehicle incentives as part of Putrajaya’s initiatives to facilitate the energy transition process.

According to Anwar, present income tax exemptions of up to RM2,500 for those spending on EV charging facilities will be extended for four more years.Meanwhile, Anwar said Putrajaya would extend the Net Energy Metering programme till Dec 31 next year to encourage more Malaysians to install solar panels in their residences.

"At the same time, the government urges companies to offer the 'zero-capital' subscription model, as offered by Gentari for homes," added Anwar."Putrajaya will begin installing solar panels on the roofs of government buildings by collaborating with TNB and Gentari.He also said the government would continue supporting socially responsible investments .

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