Budget 2022: EV incentives aimed at encouraging ownership

Published on 29 Oct 2021 9:20:33 PM

International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said the incentives for electric vehicles (EV) such as full exemptions of import duty, excise duty and sales tax are aimed at encouraging ownership of such vehicles among the people besides supporting local industry players.

In tabling Budget 2022 in the Dewan Rakyat on Friday, the government also announced tax income exemption for individuals of up to RM2,500 on the cost of purchase, installation, rent, hire purchase as well as subscription fees for EV charging facilities.

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