Expect EV road tax rate to be announced in April, says Loke

KUALA LUMPUR: The Transport Ministry is in the final stage of reviewing the road tax rate structure for electric vehicles (EVs), and it is expected to be announced next month, says Anthony Loke Siew Fook.

The Transport Minister said road tax for EVs would be cheaper than the road tax for internal combustion engine (ICE) vehicles, to encourage more people to use EVs.

"The challenge is in comparing the engine capacity (CC) of ICE and EV vehicles. Currently, there is no road tax for EVs.

"We hope an announcement on road tax for EVs can be made before the end of April,” Loke said after witnessing the signing of a Memorandum of Understanding (MoU) between Warisan Tan Chong (WTC) Automotif (M) Sdn Bhd (WTCA) and Guangzhou Automotive Group (GAC) Motor International Co. Ltd. (GAC Motor International), here today.

The MoU was inked to start feasibility studies for two new completely knocked-down (CKD) vehicle assembly projects in Malaysia.

WTCA was represented by its parent company, WTC Holdings Bhd’s chief executive officer Tan Keng Meng, while GAC Motor International was represented by its president, Feng Xingya.