
Malaysian automotive policy is archaic, protectionist to cronies and a lose-lose situation for the country as a whole.
Views: Malaysia’s RM40b fuel subsidy bill highlights EV policy shortcomings
Malaysia is losing RM40 billion in fuel subsidy bill while slowing the EV transition whereas Thailand is spending RM25b accelerating EV adoption. The current nonsensical EV policy is supposed to protect Proton which is already owned by Geely, and Perodua which is severely slow in producing EV model. They even fumbled when launching the QV-E.
The government is also considering a new EV levy to increase the EV charging network. As if all the charging stations are owned by the government. So, the rakyat have to pay for the infrastructure, and pay some more to charge their EVs?
The government is contend with pocketing sales tax, excise duty (for locally produced vehicles) and including import duty for imported vehicles, leaving the rakyat with impossibly expensive vehicles with mediocre quality. With the current tax structure, the locally assembled Proton EV sold here is more expensive than the exact same vehicle exported to Indonesia. How f-ed up is that?
Maybe that's why there is no reformasi in the automotive industry and its policy.