KUALA LUMPUR, Oct 29-- The government intends to provide full exemption on import and excise duties, as well as sales tax, for electric vehicles (EV) to support development of the local EV industry.. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the road tax exemption of up to 100 per cent will be given for EVs in addition to individual tax relief of up to RM2,500 for the
This article provides a high-level introduction to some pertinent legal/regulatory/policy aspects of the electric vehicle landscape in Malaysia. This article will focus on 3 main aspects – incentivisation, import opportunities and regulation, and charging infrastructure.
KUALA LUMPUR: The government''s efforts to encourage local industry players to boost efforts to produce electric cars will be among the topics discussed at the Dewan Rakyat sitting on Wednesday
KUALA LUMPUR -- Malaysia is poised to become a regional hub for the electric vehicle industry, the country''s trade minister said in an interview, stating that its existing electronics industry
KUALA LUMPUR, Oct 29 -- The government intends to provide full exemption on import and excise duties, as well as sales tax, for electric vehicles (EV) to support development of the local EV industry.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the road tax exemption of up to 100 per cent will be given for EVs in addition to individual tax relief of up to RM2,500 for the costs of purchase and installation; as well as rental and subscription fees of EV charging facilities.
"The government sees the potential of EVs having energy-saving vehicles as an effort to reduce vehicle exhaust pollution," he said when tabling the 2022 Budget in the Dewan Rakyat today.
These measures are among the strategies of the 2022 Budget to strengthen the National Sustainability Agenda, with this year''s budget also aligned to ''green budgeting'' and implementing environmentally-friendly development projects and programmes.
Apart from that, Tengku Zafrul said the Voluntary Carbon Market initiative would be launched under the auspices of Bursa Malaysia towards making Malaysia a carbon-neutral country.
He said Bank Negara Malaysia (BNM) would provide a Low Carbon Transition facilities amounting RM1 billion in matching funds from participating financial institutions to assist micro, small and medium industries to increase sustainable and low-carbon practices.
Meanwhile, the government is allocating RM450 million to various ministries for implementation of several initiatives on environment and biodiversity, including environmental conservation project, as well as the beach erosion prevention project in Pantai Merdeka, Kedah and flood mitigation efforts in Melaka.
Other initiatives include empowering the involvement of local communities, military veterans and the Orang Asli; providing assistance for the cost of operating zoos, efforts to increase the breeding of Malayan Tigers and the implementation of the Frozen Zoo programme, planting of 100 million trees, and supporting grants for the World Wildlife Fund and All-Party Parliamentary Group Malaysia.
Tengku Zafrul also announced a yearly allocation of RM70 million for Ecological Fiscal Transfer (EFT) to all states, adding that its implementation would be strengthened through ecological criteria based on effectiveness.
In another development, Tengku Zafrul said the RM100 million matching grant from government-linked company Yayasan Hasanah for non-governmental organisations will be continued to finance various social programmes to assist the vulnerable group in terms of education, income generation and mental health.
The government also planned to provide tax exemptions for all revenue generated by social enterprises for three years based on the validity period of accreditation approved by the Joint Accreditation Committee.
Apart from that, he said the Government Social Impact Procurement Programme will be expanded to all ministries next year; allocating RM14 million to the United Nations Development Programme; and providing a maximum of five days unrecorded leave in a year as an incentive to civil servants to participate in community service.
The government would also issue up to RM10 billion in sukuk bonds that will be channeled to social and environmental programmes, he added.
Electric Dreams: An Introductory Overview of the Legal, Policy and Regulatory Landscape of Electric Vehicles in Malaysia
Electric vehicles (EVs) are rapidly transforming the global automotive landscape, offering a sustainable and environmentally friendly alternative to traditional fossil fuel-powered vehicles. Here in Malaysia, the use of EVs appears to be gaining popularity, with the entry of American EV giant Tesla and other competing EV manufacturers such as BYD entering the market. These developments are very much in line with the policy goals set in the government''s National Energy Transition Roadmap ("NETR"), moving into renewable and sustainable energy sources and in line with a growing emphasis on ESG.
A preliminary point to note is that there is currently no singular legislation governing EVs in Malaysia, nor is there any primary legislation specifically addressing or governing EVs.
In recent years, the Malaysian government has been seen to be committed to supporting and encouraging the use of EVs in Malaysia, which in turn aims to boost and support the growth of the EV industry in Malaysia and is also part of its efforts to attract foreign investments in this sector.
Below are some pertinent incentives announced by the Malaysian government in this regard: –
Import Opportunities and Regulation with RTD
For companies seeking to carry out EV importation activities into Malaysia, this section sets out some pertinent licensing/regulatory issues to look out for: –
With the rising popularity of EVs and various government incentives pushing for the use of EVs, comes a growing market for EV charging infrastructure in Malaysia. In fact, the Malaysian government has recently announced its aim to install a minimum of 10,000 electric vehicle charging bays ("EVCB(s)") nationwide by 2025.
Below is an overview of two major guidelines issued governing EV charging infrastructure in Malaysia.
Energy Commission ("EC") Regulation and Licensing, and Guide on Electric Vehicle Charging Systems ("EVCS")
a) The EC, being the national regulator for the energy sector, has published a Guide on Electric Vehicle Charging Systems ("EC Guide on EVCS")[5].
b) The EC Guide on EVCS sets out important requirements and specifications to be adhered to in terms of installation, operation, maintenance, safety, power quality and licensing for EVCS and applies to any person who provides or utilises any EVCS in Peninsular Malaysia, Sabah and the Federal Territory of Labuan.
c) The EC Guide on EVCS sets out, among others, specifications for installation of different modes of charging, appointments of a competent person to oversee the same, safety guidelines and measures to be taken for EV charging facilities, general operation, maintenance and protection measures, as well as setting out a safety audit requirement.
d) While the EC Guide on EVCS currently does not set out consequences of non-compliance nor its effect (ie. whether compliance is mandatory or if the same is merely guidance), do note that ultimately, the provisions of the Electricity Supply Act 1990 and all its subsidiary legislation (such as the Electricity Regulations 1994) will apply as a matter of law to EVCS.
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