KUALA LUMPUR: As the government is ramping up green initiatives in the automotive industry, the Malaysian Automotive Association (MAA) is proposing incentives under the Budget 2024 to be given to all types of electrified vehicle (xEV) rather than just electric vehicle (EV), in order to popularise xEV in Malaysia.
President Mohd Shamsor Mohd Zain said the term xEV includes hybrid electric vehicle , plug-in hybrid electric vehicle , battery electric vehicle , and fuel cell electric vehicle .
Mohd Shamsor said MAA hoped that the existing incentives of a rebate of RM2,500 and road tax waiver to be extended further to the purchase of all xEVs for both passenger and commercial vehicles. In order to accelerate the xEV market in Malaysia, he said MAA strongly believed that the targeted fuel subsidy scheme would be one of the most important key success factors.
"The tenure of incentives given to automotive companies should be on a long-term basis, and we encourage consultations with stakeholders and MAA on the most suitable incentive tenure.
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