Monday 17 December 2012

Sorry, No Incentive for buying electric and hybrid cars

Malaysia Government does not plan on cash rebates as an incentive to buy energy-efficient vehicles (EEV) - such as electric and hybrid cars - similar to that implemented in the United States or other European countries.

Hybrid car: Honda Insight for RM97,000


According to International Trade and Industry Minister Datuk Seri Mustapa Mohamed, currently, to attract consumers, the Government has lifted the import duties for EEV while major car companies were given incentives to draw them to set up their manufacturing operations locally.


Why no incentive?

Reason according to Datuk Mustapa:
  1. "We believe that the vehicle ownership cost is still considered cheap compared with other Asean countries if we take consideration of other factors such as oil and gas subsidies, maintenance costs, insurance and others."
  2. "We must also look into the impact on used car dealers, public transportation as well as congestion problems before we consider reducing the import duty."


Read further: Source

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