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Groups: More initiatives needed to drive up EV industry

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KUALA LUMPUR: A number of taxation reform measures will be implemented next year to expand the country's revenue base and at the same time not burden the majority of the people.

More needs to be done: Among the main obstacles cited behind EV adoption was the lack of supercharging stations in the country and lack of data. — AZHAR MAHFOF/The Star

Raja Petra said the four-year extension of tax exemptions of up to RM2,500 for EV charging facilities is a good policy only if there is clarity on how the income tax deduction would work. Meanwhile, Malaysian Electric Vehicles Owners Club president Datuk Shahrol Azral Ibrahim Halmi welcomed the extension of the RM2,500 income tax exemption for EV-charging related expenses.“This will also further enliven the services side for EV infrastructure, increasing demand for skilled technicians, and creating new green jobs,” he said.

“Making more data available will also encourage more investment as this helps investors plan and manage their risks,” he said.

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