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Malaysia wants EVs to be tax-free, duty-free to encourage consumers to buy

Teslarati

During his address to Parliament earlier this week, Malaysian finance minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz cited the reduction of pollutants and better air quality as the main indicators of why electric cars are a good idea. The current market for electric vehicles in Malaysia is small. I’d love to hear from you!

Malaysia 145
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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

And there is also a 150,000 baht (equal to more than 27,000 yuan) subsidy for each pure electric vehicle purchase. On the infrastructure side, by 2030, Thailand will have 12,000 fast-charging heads available at public fast-charging stations and 1,450 charging stations built.

Asia 97
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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

The year 2023 was the first in which China’s New Energy Vehicle (NEV) 3 industry ran without support from national subsidies for EV purchases, which have facilitated expansion of the market for more than a decade. However, the phase-out of several purchase subsidies in Germany slowed overall EV sales growth.