Jumpstart the electric vehicle industry, Putrajaya told

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An industry watcher says Malaysia should allow 100% foreign ownership of motor companies and provide tax incentives for buyers of electric vehicles. FMTNews

Malaysia needs new investment policies and incentives on hybrid and electric vehicles.

Such ideas could help the Malaysian motor industry, particularly Proton, to benefit from a recent agreement between two major Chinese companies, Zhejiang Geely and Tencent Holdings, to develop the smart vehicle cockpit and autonomous driving technology.

Putrajaya should change the game and develop a new automotive policy that is welcoming to investors in carbon dioxide reducing auto technology. Allowing 100% foreign participation of motor companies could attract more foreign direct investments which would make it easier for technological transfers to happen.

 

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Politicians eyeing big chunk of the cake. No one can have electric cars if these scumbags did not get a big bite out of every sales. That is how greedy these motherfuckers are.

Putrajaya rather jump from KLCC than jump start EV because all Politician benefit from AP The evil behind the collapse of our Auto Industry

🤣🤣🤣 we are soooo far behind this technology, I can’t even imagine...

Is there an established ecosystem for this sector? Financial plus R&D, Tech ecosystem incl legal framework to support this sector?

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