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Incentives available for electric vehicles, says Azmin

admin2021-10-0632

Porsche’s first 100% electric sports car, the Taycan. Senior Minister of International Trade and Industry Mohamed Azmin Ali says the national automotive policy offers specific initiatives to strengthen the EV ecosystem. – EPA pic, October 5, 2021.

THE government has offered incentives in the form of direct and indirect tax relief for the assembly or manufacturing of electric vehicles (EV), component parts and the development of EV ecosystems such as charging facilities.

Senior Minister of International Trade and Industry Mohamed Azmin Ali said among the incentives are pioneer status for the production of original goods, investment tax allowance and the exemption of import and excise duties.


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