Full Tax Exemption For EV Will Drive Innovation

The announcements made at Budget 2022 marked a welcome step towards electrified mobility – one that has long been in the making for Malaysia. The government’s motion to further incentivise and support the development of the electric vehicle (EV) industry in Malaysia moves in the same vein as our vision for electrified mobility at the BMW Group.

We have always believed that the future is electric, and we have been at the forefront of electrified mobility in Malaysia since 2015, when we introduced BMW i. It was a bold move then, and it is an even bolder move now as we continue to shape the future of mobility with our strategies for electrification that will hopefully accelerate the adoption of electric vehicles in Malaysia.

The group has delivered over 21,000 electrified BMW and MINI to Malaysians to date.

We remain committed to driving initiatives for innovation, awareness on new and clean technology, and developing more infrastructure for premium electrified vehicles in Malaysia. As before, we have consistently unveiled innovations and initiated collaborations with key stakeholders to ensure a functioning ecosystem for electromobility to thrive in.

BMW Group Malaysia has been driving the change with electrification with our growing portfolio of fully electric vehicles here, and we look forward to continuing doing so with our upcoming fleet of the next-generation BMW i vehicles.

On this note, we welcome the newly announced allocations in Budget 2022 that will further drive this shared vision for electrified mobility forward. We celebrate with Malaysia on the latest announcement of full exemptions on import duties, excise duties, and sales tax for electric vehicles – which will not only increase uptake but encourage further development of the EV infrastructure and ecosystem to drive Smarter, Low Carbon Communities and Cities in the country.

Hans de Visser Managing Director, BMW Group Malaysia

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