Proton for end-of-life vehicle policy under Budget 2011

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Proton for end-of-life vehicle policy under Budget 2011

Postby admin » Thu Oct 07, 2010 2:03 am

KUALA LUMPUR: Proton Holdings Bhd hopes the Government will consider under Budget 2011 the end-of-life vehicle (EVL) policy to sustain the automotive industry in the country.

Group managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir said the EVL policy provided an immediate impact to the whole ecosystem as implemented under the stimulus package a year ago.

“We understand it is a very costly exercise but we are willing to sit with the Government (to discuss) on how both industry players and Government can play role,” he told reporters at the company’s Aidilfitri Open House yesterday.

Syed Zainal said old vehicles should be taken off the roads as the total automotive industry volume had come to a saturation stage.

He said it was timely for the Government to provide packages and incentives to ensure that old cars which were not safe and “green” were not on the road.

“This is evidenced in other countries like Japan, South Korea, Singapore and even Indonesia,” he added.

Syed Zainal said the government should also provide incentives for green technology usage as well as research and development (R&D) grant to promote innovation in line with the New Economic Model.

The move would encourage R&D activities in the country and hopefully, the technology could be commercialised, he said.

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