KUALA LUMPUR, Nov 29 — Applications for the Electric Motorcycle Use Promotion Scheme to encourage the use of electric motorcycles will be opened in December this year.
Prime Minister Datuk Seri Anwar Ibrahim said this scheme is open to people with an annual income of RM120,000 and below, with a rebate of up to RM2,400 to buyers.
In the Budget 2024 presentation, the government introduced the Electric Motorcycle Use Promotion Scheme with a rebate of up to RM2,400 to help users switch to electric motorcycles.
He said the government welcomes the investment of over RM170 million by Tenaga Nasional Bhd (TNB), Gentari Sdn Bhd, and Tesla Malaysia to install 180 electric vehicle charging stations.
"In line with the National Energy Transition Roadmap (NETR), the government is providing an RM2 billion easy financing fund for the national energy transition plan," Anwar said when presenting the Supply Bill 2024 for the second reading at the upper house of parliament Dewan Negara today.
Regarding investment priorities, focus will also be given to the 'high growth, high value' sector while a results-based incentive approach using a 'tiering' system will be implemented.
"To begin with, reinvestment tax incentives in a 'tiering' manner will be given in the form of investment tax allowances of 70 or 100 per cent,” he added.
To build a wider ecosystem for the electrical and electronics (E&E) cluster in the northern region, a high-tech industrial area in Kerian in northern Perak will be opened.
"To facilitate foreign direct investment (FDI) and domestic direct investment (DDI) investment until it is approved, the Investment and Trade Coordination Action Committee (JTPPP) has been established and will report directly to the National Investment Council," Anwar said.
— Bernama
