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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.

Malaysia 145
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Tesla Malaysia to start selling cars by the end of the month

Teslarati

Tesla recently launched an official Instagram account for its Malaysia branch. Tesla Malaysia announced that car sales would start by the end of the month. Tesla Malaysia released a teaser, stating that car sales for the company would start by Friday, July 7, 2023. The Teslarati team would appreciate hearing from you.

Malaysia 115
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Southeast Asia market will become a competitive place for Chinese and Japanese car companies

Setec Powerr

In addition, the tax rate for pure electric vehicles in Thailand was reduced from 8% to 2% in June this year. With regular government subsidy practices, solid tax adjustments, and transparent plans, this series of actions gives Chinese car companies a familiar smell. That is an unexplored continent that needs to be tapped.

Asia 97
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Gevo contracts with Mustang Engineering for the conversion of Gevos renewable isobutanol to biojet fuel

Green Car Congress

The advent of the jet fuel carbon tax on international flights landing in the European Union is motivating the airline industry and fuel suppliers to seek cost-effective, renewable alternatives to petroleum jet fuel. Once completed successfully, the company will initiate jet engine testing with engine manufacturers.

Renewable 278
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The Global Outlook of Electric Vehicles

Blink Charging

In total, the International Energy Association reports , 6.6 Consumer solutions Without a doubt, the biggest steps to helping consumers adopt EVs are government-backed programs like tax credits for EVs, funding for EV charging infrastructure expansion, enacting bans on internal combustion engines, and setting goals for EV adoption.

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

Baua Electric

Increasing electric car sales were the main reason for growth in the overall car market, which contracted by 8% for conventional (internal combustion engine) cars but grew by 5% in total, indicating that EV sales are continuing to perform as the market matures. China exported over 1.2 million in 2023, increasing by 35% relative to 2022.