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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.

Malaysia 145
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CarDekho Group eyeing 40% consolidated growth in FY25: Founder Amit Jain – ET Auto

Baua Electric

The South East Asian market (Indonesia, the Philippines, and Malaysia) is yielding strong numbers, he said, adding that the company is evaluating the Middle East market (UAE and others) as the next phase of overseas expansion for the coming financial year.

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The Coming Boom in Rare Earths

Cars That Think

So it’s a good, strong market now, and it’s one that appears to have healthy legs under it. So China was able to stand up a very strong processing industry relatively quickly, and that’s how they got the jump on the market. So clearly, the intention was to have new mines in America that they could buy from.

Australia 119