Incentives for electric, hybrid vehicles will continue

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Incentives for electric, hybrid vehicles will continue

Postby admin » Tue Apr 19, 2011 3:27 am

PASIR MAS: The Government will continue to give special incentives to companies involved in assemblying electric, hybrid and environment friendly cars in the country, said Deputy International Trade and Industry Minister Datuk Mukhriz Tun Dr Mahathir.

He said these include tax exemptions so that the cars would be affordable for the people from all levels of society.

“To-date, several companies have applied to assemble environment friendly cars but the Government understands that they are still in the process of setting up capacities.

“These incentives are supposed to be there until the end of this year but we might continue to give them for next year ... so that these companies are able to set up their manufacturing plants as soon as possible,” he said after officiating the AGM of Sultan Ibrahim 1 Secondary School here yesterday.

Mukhriz said the Government would also seriously consider applications for the production of vehicles that transmit less carbon monoxide and with lower fuel consumption.

Incentives would be given to such vehicles that were capable of competing with electric and hybrid cars, he said.

On complaints that hybrid cars presently sold were still very costly, Mukhriz hoped that these cars could be sold at more affordable prices once the producers were able to set up their manufacturing plants with the given tax incentives.

Read the full article:
http://biz.thestar.com.my/news/story.as ... c=business
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