KUALA LUMPUR: The transport ministry is working on a new road tax structure for electric vehicles (EVs), says its minister Loke Siew Fook.
Loke said the new structure was expected to be unveiled at the end of this year and would feature prominently in the ministry’s Budget 2024 proposals.
He said this was essential because the previous government had only given road tax exemptions for EVs until 2025.
“Consumers are generally concerned about the EV road tax structure because, based on the old formula, the cost is high and it can reach RM4,000 to RM5,000 a year.
“I have directed officers at the ministry to study this matter based on feedback from consumers and companies providing EVs,” he told reporters after attending the Green Mobility and Transport Forum in Cheras here today.
He said the new structure was part of the ministry’s efforts to encourage users to switch to EVs.