Kuala lumpur: The government does not intend to reverse the recently announced new rules for importing completely built-up (CBU) electric vehicles (EVs), according to the Ministry of Investment, Trade and Industry (MITI). MITI stated that the measure aligns with the goals of the National Automotive Policy (NAP), which aims to manage the entry of EV models to offer a complete product range in the market while ensuring the development of a competitive and sustainable local automotive industry.
According to BERNAMA News Agency, MITI emphasized that the government takes a balanced approach between protecting consumers' interests and developing the local automotive industry. The ministry highlighted that consumers have the right to affordable EVs, while the country needs a strong automotive industry to create high-skilled jobs, develop local vendors, attract quality investment, and strengthen the domestic supply chain. This statement was part of a written reply posted on the Parliament's website in response to a query from Pang Hok Liong (PH-Labis) regarding the potential withdrawal of MITI's decision to raise EV prices, which some view as contradictory to the policy aimed at accelerating EV adoption.
The ministry reiterated that the government remains committed to expanding EV uptake and will continue to provide a 100 percent exemption from import duty, excise duty, and sales tax for locally assembled completely knocked-down (CKD) EVs until December 31, 2027. This measure is intended to enable manufacturers to offer EV models at more competitive prices and encourage local assembly activities, technology transfer, and the development of local vendors.
MITI also noted the government's efforts to accelerate the development of the EV ecosystem by expanding the nationwide charging network. The ministry underscored the importance of having accessible charging facilities, stating that the public's ability to own an EV depends not only on vehicle prices but also on the availability of charging infrastructure. MITI drew parallels with the internal combustion engine (ICE) vehicle industry, where consumer uptake has historically grown alongside a robust ecosystem supported by over 3,000 petrol stations nationwide.