New Road Tax structure for electric vehicles in the works - Loke

KUALA LUMPUR: The Transport Ministry (MOT) is working on a new road tax structure for electric vehicles (EVs), said minister Anthony Loke.

He 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 the new structure was essential because the previous government had given road tax exemption for EVs only until 2025.

"Consumers are generally concerned about the EV road tax structure because if based on the old formula, the cost impact is high and can reach RM4,000 to RM5,000 a year.

"I have directed officers at MOT to study this matter based on feedback from consumers and companies providing EVs. This is part of our efforts to encourage users to switch to this type of vehicles," he told reporters after attending the Green Mobility and Transport Forum in Cheras here today.