BMW Malaysia weighs in on Funds 2022: tax-free EVs welcomed, charging community growth to proceed

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Final week’s Budget 2022 announcement introduced some welcome information for the automotive business, led by the proposal to eliminate all taxes on electric vehicles. This week, BMW Group Malaysia weighed in on the plan, issuing an announcement from its managing director and CEO Hans de Visser.

“We welcome the newly introduced allocations in Funds 2022 that can additional drive this shared imaginative and prescient for electrified mobility ahead,” he mentioned. “We have fun with Malaysia on the newest announcement of full exemptions on import duties, excise duties, and gross sales tax for electrical automobiles – which is not going to solely enhance uptake however encourage additional growth of the EV infrastructure and ecosystem to drive Smarter, Low Carbon Communities and Cities within the nation.”

Visser added that the bulletins are aligned with BMW’s imaginative and prescient of electrified mobility, the corporate having debuted the BMW i model in Malaysia again in 2015 with the i8 plug-in hybrid sports activities automotive. “Because the nation’s main supplier of premium electrified automobiles, we’ve got already delivered over 21,000 electrified BMW and MINI [vehicles] to Malaysians so far,” he mentioned.

Moreover, BMW Group Malaysia stays dedicated to innovating, elevating consciousness on new and clear know-how and growing the infrastructure for premium electrified automobiles, Visser mentioned. “BMW Group Malaysia has been driving the change with electrification with our rising portfolio of absolutely electrical automobiles right here, and we sit up for persevering with doing so with our upcoming fleet of next-generation BMW i automobiles.”

Munich is betting large on the EV market in Malaysia, having launched the iX and iX3 SUVs this yr, with the i4 four-door coupé also due to be introduced soon. The corporate can be working with Shell, GreenTech Malaysia and Tenaga Nasional to expand its charging network, which is able to embrace DC fast charging stations in locations like freeway relaxation stops, procuring malls and showrooms.

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