New EV road tax rate only after exemption period ends, says Loke

The Star

Transport Minister Anthony Loke on Monday (Nov 6) said a new road tax structure for electric vehicles (EV) will only be introduced after the exemption period ends to ensure users are not unnecessarily burdened.  Read more at https://tinyurl.com/4pvsth8r  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00 [inaudible]

00:10 We are fighting for EVs, but we haven't taken any action or authority.

00:17 Because EVs are still in a very new level.

00:21 In our country, there are less than 10,000 EVs.

00:25 So, we need to fight for people to start using EVs.

00:33 And the ecosystem needs to be implemented and built.

00:36 Including the cleaning system and so on.

00:39 And that is one of the things that we are taking action on as a whole of government approach.

00:46 That's why in the implementation of EV industry,

00:51 it's not just involving any ministries.

00:54 The Ministry of Transport is a part of the implementation that we need to do.

01:00 For example, we have re-examined the road tax for EVs, which I will announce soon.

01:06 We have asked the EV Task Force to ensure that the road tax structure for EVs

01:13 is more competitive and not burdening.

01:19 So that it can encourage more people to buy EVs.

01:25 So, I think we are encouraging people to buy EVs.

01:29 But it requires a long term effort.

01:35 And it's not easy for such a big shift from conventional vehicles to EVs.

01:42 It requires continuous efforts from various parties.

01:46 And of course, the Ministry of Transport will continue to support government efforts

01:50 and the government's base for EV development.

01:54 [inaudible]

01:58 There is no road tax now.

02:00 Until 2025, there will be no road tax.

02:05 [inaudible]

02:07 No, it's like this.

02:09 So far, I think it's been two years, 2022 if I'm not mistaken.

02:15 At that time, the Ministry of Finance issued a road tax exemption for EVs

02:20 for a road tax for three years.

02:23 So it will be until 2025.

02:26 But there are many people who are upset that the road tax structure is very high.

02:32 They are worried that after the road tax exemption period is over,

02:36 they will have to pay a high road tax.

02:40 So I have already answered a few months ago

02:43 that we will review the road tax.

02:47 So the road tax structure has already been put forward to the EV Task Force.

02:53 A road tax that is cheaper than before.

02:56 So we will announce soon the road tax structure.

03:01 Before the end of this year, we will announce the road tax structure

03:04 which will only be used after the road tax exemption period is over.

03:10 [silence]

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