Applications for electric motorcycle scheme to begin in December - PM

Prime Minister Datuk Seri Anwar Ibrahim said this scheme is open to people with an annual income of RM120,000 and below with a rebate of up to RM2,400 to buyers.

In the Budget 2024 presentation, the government introduced the Electric Motorcycle Use Promotion Scheme with a rebate of up to RM2,400 to help users switch to electric motorcycles.

Anwar said that the government welcomes the investment of more than RM170 million by Tenaga Nasional Bhd (TNB), Gentari Sdn Bhd and Tesla Malaysia to install 180 electric vehicle charging stations.

"In line with the National Energy Transition Roadmap (NETR), the government is providing an easy financing fund of RM2 billion for the national energy transition plan," he said when presenting the Supply Bill 2024 for the second reading at the upper house of parliament Dewan Negara on Wednesday.

In terms of investment priorities, he said focus will also given to the 'high growth high value' sector while a results-based incentive approach using a 'tiering' system would be implemented.

"To begin with, reinvestment tax incentives in a 'tiering' manner will be given in the form of investment tax allowances of 70 or 100 per cent," he added.

"To facilitate foreign direct investment (FDI) and domestic direct investment (DDI) investment until it is approved, the Investment and Trade Coordination Action Committee (JTPPP) has been established and will report directly to the National Investment Council," he added.