Cover image via caricarz
Transport Minister Anthony Loke has announced that electric vehicles (EVs) will be issued with special EV number plates alongside lower road tax pricing
Image via Andrew Roberts/Unsplash
According to New Straits Times, the Ministry of Transport is initiating this move to make EVs more competitive in the automotive market, and lower the barrier for Malaysians to buy them.
As of now, the tax structure for EVs is much higher than that of gasoline cars, as reported by FMT.
The review of tax rates of EVs is also timely, as the current EV tax exemption will come to a close on 2025, which is just two years away.
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