The MAA, which represents carmakers in Malaysia, stated yesterday thatin the upcoming Budget 2023, as the MAA president stated that it will be too early to end the incentives in 2023.
The December 31, 2023 exemption end date was for CBU EVs, which would enjoy 100% duty exemption up to that date, while CKD EVs get a further two years on the 100% duty exemption, until December 31, 2025. Further to the low-carbon nation goals, the DTN 2022-2040 also aims to increase the biofuel content to B30, or 30% biofuel as the alternative fuel standard for heavy transport, up from the B5 standard laid out in 2018.Meanwhile, DTN 2022-2040 also aims to increase public transport usage in urban areas. The is hoped to increase the percentage of urban public transport modal share from 20% in 2018, to 50% by 2040.
Open roads and closed circuits hold great allure for Mick Chan. Driving heaven to him is exercising a playful chassis on twisty paths; prizes ergonomics and involvement over gadgetry. Spent three years at a motoring newspaper and short stint with a magazine prior to joining this website.