2022 Expected To Be An Exciting Year For Growth In Electromobility Industry

CYBERJAYA, Nov 11 (Bernama) — The recent tabling of the Budget 2022, which included full exemption of import duties, excise duties and sales tax for electric vehicles is an important milestone in the local development of technologies and business activities related to electric vehicles.

Incentives rolled out directly to consumers are expected to catalyze consumer demand and market excitement in the new electric vehicle segment in the country.

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