RM300k tax deductions for companies leasing EVs; 1,246 charging stations in Malaysia currently

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During yesterday’s launch of the Maxus MIFA 9, prime minister Datuk Seri Anwar Ibrahim said the government remains committed to granting tax deduction of up to RM300,000 to companies leasing non-commercial EVs – this incentive …

Anwar, who is also finance minister, also reiterated the government’s initiatives to grow the local EV market, includingon fully-imported EVs until the end of 2025, while it is until the end of 2027 for locally-assembled EVs. This was announced in February this year, where it was also stated the import tax exemption period for components used in local CKD assembly of EVs would be extended to end-2027.

throughout the nation by 2025, adding that there are currently 1,246 operational public charging stations. In his speech, Anwar said, “as we chart our course towards a more environmentally sustainable future, we are committed to setting up 10,000 electric vehicle charging stations throughout Malaysia by 2025. At present, we have 1,246 operational public charging stations, signifying just the initial phase of a robust charging infrastructure that will facilitate the widespread adoption of electric vehicles.

 

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