Budget 2025: No mention of EV tax break extension; Perodua working on sub-RM100k EV

Finance minister and prime minister Datuk Seri Anwar Ibrahim has announced in his Budget 2025 speech that Perodua is working on a sub-RM100k EV, without divulging any further details.

Besides this, there is no mention of any extension to the EV tax breaks, so CBU EV tax breaks will end in 2025. Beginning 2026, only CKD EVs will be tax free. The free road tax for EVs should also be ending in 2025.

Perodua displayed the emo-1 EV concept at the Malaysia Autoshow 2024, foreshadowing its upcoming EV which is expected to surface towards the end of next year.

Instead of deriving the technology from partner Daihatsu, Perodua is developing its EV on its own, with the assistance of an as-yet-unnamed Australian partner.

Proton is going to launch the eMas 7 EV soon, but as that will be CBU from China (at least for now), it will have to adhere to the RM100k floor price that’s been set by the government.

The Neta V and Dongfeng Box are among the EVs expected to be locally assembled (CKD) in 2025 – these could be priced below RM100k as well.

GALLERY: Perodua emo-1 Concept at Malaysia Autoshow 2024

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