Duty exemption on hybrid cars extended to next year

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Duty exemption on hybrid cars extended to next year

Postby admin » Tue Oct 19, 2010 4:52 am

THE import duty and excise duty exemption for buyers of hybrid cars has been extended to December next year.

The extension of the exemption is part of the pro-environment measures under the Budget.

Prime Minister Datuk Seri Najib Tun Razak also said that full import duty and a 50% excise duty exemption was granted to franchise holders of hybrid cars up to Dec 31 this year.

Other measures include an allocation of RM1.9bil for the greening of Kuala Lumpur and the River of Life Programme.

The Government also pledged to reduce carbon emission by implementing several measures, including a programme on blending of biofuels with petroleum diesel.

The programme will be made mandatory in Putrajaya, Kuala Lumpur, Selangor, Negri Sembilan and Malacca from June next year.

Also to be implemented is the Feed in Tariff mechanism under the Renewable Energy Act to allow electricity generated from renewable energy by individuals and independent providers to be sold to electricity utility companies.

Tax exemption on income from trading of carbon credits or certified emission reductions will also be extended until the year of assessment 2012.

Monitor Sustainabilty of Globa­lisation director Charles Santiago said hybrid cars would certainly reduce the carbon foodprint.

He stressed that the Government should concerntrate on making sure that the integrated public transportation system takes off fast.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
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Govt in talks with Proton to supply hybrid cars to its offic

Postby admin » Tue Oct 19, 2010 4:53 am

MIRI: Government officials will soon be provided with hybrid electric cars in another effort to go green.

The Energy, Green Technology and Water Ministry is now in discussions with Proton Holdings Bhd to replace the current fleet of government vehicles with hybrid cars, said its minister Datuk Seri Peter Chin.

“If we really want to see the country go green, the Government must take the lead and show by example. We cannot keep telling the people and the private sector to go green if we do not do the same,” he told The Star yesterday, explaining the rationale behind the change.

A hybrid vehicle uses two or more distinct power sources to move the vehicle. It combines an internal combustion engine and one or more electric motors.

Chin said vehicles using electric engines could save up to 40% of fuel and also drastically cut down on carbon emission.

He pointed out that the abolishment of import and excise duties for electric vehicles under Budget 2011 would see a big drop in prices.

“The present price of electric vehicles manufactured by Toyota is about RM175,000 in Malaysia because of the import and excise duties.

“Now, with the abolishment of these duties, we expect the price to go down by a big margin in Malaysia soon,” he said.

On Friday, during the tabling of Budget 2011, Prime Minister Datuk Seri Najib Tun Razak said the Government would continue to provide incentives in a move to ensure sustainable development.

This would include granting exemption to full import duty and 50% excise duty to franchise holders of hybrid cars and hybrid electric motorcycles up to Dec 31.

To spur ownership of hybrid cars, import duty and excise duty exemption will be extended until Dec 31 with excise duty given full exemption.

Chin said the talks with Proton was focused on how it could supply cars with electric engines for his ministry, the Prime Minister’s Department, Natural Resources and Environment Ministry, and the Science, Technology and Innovation Ministry.

The exercise would be extended later to other ministries and departments, he said.

However, he declined to set a target date as discussions with Proton were ongoing.

Chin said ordinary Malaysians would also be able to afford electric cars when more models were imported from other countries.

The Government, he said, could also possibly source for new models of hybrid electric cars from the United States.

Read the full article:
http://thestar.com.my/news/story.asp?fi ... sec=nation
admin
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Posts: 3811
Joined: Thu Jan 01, 1970 12:00 am
Location: Kuala Lumpur


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