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

Teslarati

Malaysian government officials are petitioning and working toward making electric vehicles exempt from taxes, including import and excise duties, as well as road taxes. According to Paultan , a Malaysian automotive news site, supporting politicians are proposing a 100% exemption from the road tax for EVs.

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Budget 2022: EVs in Malaysia to Be Completely Tax Free,The Mercedes-Benz SUSTAINEER, Autonomous, EV Trucks, & More

EV Obssesion

Malaysia EVs Community reports: 1. Full exemption on import duty, excise duty and sales tax for EV vehicles. Road tax exemption of up to 100 percent is also given to the vehicle. Individual income tax relief up to 2,500 for purchase & installation of EV charging facility.

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Nissan, Frost & Sullivan study finds 37% of Southeast Asian consumers open to buying EV

Green Car Congress

Thirty-seven percent of Southeast Asian consumers planning to buy a car are open to purchasing an electric vehicle, according to a Nissan-commissioned study by Frost & Sullivan. Customers in the Philippines, Thailand and Indonesia emerged as the most enthusiastic about electric cars. Source: Nissan.

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

Baua Electric

Electric car sales in 2023 were 3.5 Electric cars accounted for around 18% of all cars sold in 2023, up from 14% in 2022 and only 2% five years earlier, in 2018. These trends indicate that growth remains robust as electric car markets mature. million higher than in 2022, a 35% year-on-year increase.

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

Setec Powerr

With the current sales figures and the seductive future expectations, Southeast Asia has successfully attracted the attention of Chinese car companies. In addition, the tax rate for pure electric vehicles in Thailand was reduced from 8% to 2% in June this year. That is an unexplored continent that needs to be tapped.

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