Recharging Budget 2023 With EVs

Jim Lim, Equity Analyst, RHB Banking Group

12-Oct-22 09:15

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Budget 2023 demonstrated Malaysia's commitment towards the adoption of electric vehicles that included the extension of the current import and excise duties exemption for EVs for another year. That covers fully-imported models but there was no mention for locally-assembled EVs. We speak to Jim Lim, Equity Research Analyst at RHB Banking Group for his take on how these measures including initiatives to ensure more charging infrastructure is put in place, might impact Malaysia's automotive sector.

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Image credit: Shutterstock

Produced by: Chong Tjen San

Presented by: Shazana Mokhtar, Wong Shou Ning, Philip See

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Categories: markets

Tags: budget 2023, budget 2023 mahsing, belanjawan 2023, electric vehicles, malaysian automotive industry,

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