Groups: More initiatives needed to drive up EV industry

  • 📰 staronline
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 75%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Company auditor loses RM1.48mil to investment scamKUALA LUMPUR: MYAirline has suspended its operations effective Thursday (Oct 12) until further notice.
Source: staronline - 🏆 4. / 75 Read more »