Heading into the future, the government will ensure that electric vehicle (EV) ownership is available to all income groups. According to investment, trade and industry (MITI) minister Tengku Datuk Seri Zafrul Abdul Aziz, this will …
Heading into the future, the government will ensure that electric vehicle ownership is available to all income groups. According to investment, trade and industry minister Tengku Datuk Seri Zafrul Abdul Aziz, this will be done through targeted subsidies and financial assistance.
“As we look to the future and the upcoming Budget 2024, our focus remains on inclusivity, aligning with the Madani Economy Framework. We aim to make EV ownership accessible to all, especially the B40 and M40 demographics, through targeted subsidies and financial assistance,” he said during the While he didn’t expand on this or indicate what measures will be taken to accomplish this, the reality is that making electrification accessible to these income groups won’t happen so soon. It will eventually need local assembly and the lifting of restrictions imposed currently, so if anyone is expecting affordable EVs, 2026 is when things will likely start moving in that direction.
“The number of registered EVs increased to over 3,400 units in 2022 and exceeded 7,500 units by September 2023, compared to an average of 300 units in previous years. Furthermore, investments in our EV industry have reached an impressive RM26.2 billion from 2018 up to March this year,” he stated in his speech.Anthony Lim believes that nothing is better than a good smoke and a car with character, with good handling aspects being top of the prize heap.
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