News

Budget 2022: Auto Sector Expects Initiatives To Strengthen EV, Green Mobility Ecosystems

KUALA LUMPUR, Oct 19 — Automotive players expect the initiatives to strengthen the local electric vehicle (EV) industry and green technology ecosystems will be announced in the upcoming Budget 2022.

This is in progression with the national aspiration of low carbon mobility objectives and green mobility agenda as spelt out in the 12th Malaysian Plan (12MP) unveiled last month.

Volkswagen Passenger Cars Malaysia (VPCM) managing director Erik Winter said the group is encouraged by the government’s ambition as envisaged in the 12MP to enhance electro mobility (e-mobility).

“Malaysia should not lose out on the opportunities that EVs can bring, so we hope the government will allocate funding in Budget 2022 in developing an e-mobility roadmap for Malaysia.

“We need to look into creating a holistic EV ecosystem, expanding proper infrastructures, introducing tax incentives for both businesses and customers, and more. We at VPCM are always ready to support the government with industry insights and knowledge wherever needed,” he told Bernama.

Winter said the government’s ambition in the 12MP to enhance e-mobility is a crucial step for the country to become a low-carbon nation, and that the shift is already happening globally where EVs are quickly becoming the norm.

Honda Malaysia Sdn Bhd president and chief operating officer Sarly Adle Sarkum said Honda was the pioneer in introducing hybrid technology to the Malaysian market in line with the government’s effort to promote and develop green technology.

“With this, we appreciate if the government can encourage various green technology policies and incentives to promote green technology among automotive players in the industry,” he said.

Sarly said Honda Malaysia is also appreciative of the government’s effort to extend the sales tax exemption until December 2021 and hopes an extension will be announced in the budget.

“We hope the government would consider to further extend the sales tax exemption up until June 2022, as we believe it will help many Malaysians purchase cars with extra savings and at the same time boosting the automotive industry,” he added.

Meanwhile, the Federation of Motor and Credit Companies Association of Malaysia (FMCCAM) is wishing for government grants and soft loans for its members in the national budget.

President Datuk Tony Khor said FMCCAM’s digital initiative called ezAuto, which aims to transform the used car industry, still lacks further development to cater for the ever changing requirements of the industry.

“During the Movement Control Order (MCO) and Conditional MCO, the ezAuto contactless transaction platform provided free used car trading and bidding services to more than 700 small, medium and micro used car dealers. We would like the government to support and provide some grants in order for us to enhance and introduce new digital features to the online platform.

Khor, who has been with the industry for over 30 years, manages over 4,500 registered dealers under the FMCCAM umbrella, shared that some of the members, who were facing severe hardship in sustaining their businesses due to the pandemic, were in dire need of help to survive.

“We hope the government can provide soft business loans to our members in order for them to ride through these tough periods and sustain until the economy picks up again in the near future,” he added.

Sources: BERNAMA

Adib Mohd

Recent Posts

From Cookies to Classrooms: Starbucks Raises Over RM100K to Revive Centre for the Deaf

What if your sweet tooth could change lives? Since 2018, Starbucks Malaysia has raised over… Read More

1 day ago

Tous les Jours Expands in Malaysia with New Outlets at Sunway Pyramid and Sunway Velocity

Malaysian fans of delectable K-inspired baked goods will be delighted to hear that Tous Les… Read More

2 days ago

Stitch Lands in KL, Disney’s Blue Menace Takes Over Pavilion This School Holiday

Get ready for a school holiday filled with tropical vibes as Pavilion Kuala Lumpur transforms… Read More

2 days ago

Malaysia Gears Up for Southeast Asia’s First Smart City Expo, Here’s Why You Should Care

Kuala Lumpur just flipped the switch on something big. The 100-day countdown to Smart City… Read More

2 days ago

Ejen Ali: The Movie Review, A Next-Level Win for Malaysian Animation

Ejen Ali: The Movie 2 isn’t just a sequel, it’s a bold upgrade that proves… Read More

2 days ago

When Creativity Meets Comfort: LEGO® and IKEA Malaysia Reimagine Home Decor

When Creativity Meets Comfort: LEGO® and IKEA Malaysia Reimagine Home Decor With its latest collection… Read More

4 days ago

This website uses cookies.