EV
Malaysia proposes various tax exemptions for EVs in Budget 2022
To support the development of the local EV industry, the government proposes to provide import duty, excise duty and sales tax exemptions on EVs.
Amid range and charging anxiety, the EV ecosystem will benefit from extreme fast charging
To be clear, multiple hurdles remain to be overcome, from building the requisite charging infrastructure to support EVs, improving battery technology to make them safer and hold more power, as well as the responsible disposal of batteries at the end of their lifespan. However, the number one barrier to mass adoption right now is range anxiety.
