Malaysia’s Budget 2024 Paves the Way for Electric Vehicle Revolution

In a historic move, the Malaysian government has unveiled a series of groundbreaking initiatives aimed at promoting electric vehicles (EVs) and sustainable energy practices in the country. Prime Minister Datuk Seri Anwar Ibrahim, announced a comprehensive plan to encourage the adoption of electric vehicles, extend support for renewable energy, and make Putrajaya a model low-carbon city. Electric Motorcycle Incentive Scheme One of the most notable initiatives introduced in the budget is the Electric Motorcycle Usage Incentive Scheme. Designed to promote electric motorcycle ownership among Malaysians with an annual income of RM120,000 or less, the scheme offers rebates of up to