Key facts
- Malaysia is considering a new levy on imported electric vehicles.
- The move is criticized as poorly timed and potentially detrimental to the country's EV ambitions.
- The levy could deter foreign investment in Malaysia's electric vehicle sector.
- Malaysia aims to boost its EV market share and attract manufacturers.
Malaysia is contemplating the introduction of a levy on imported electric vehicles (EVs). This proposed measure has drawn criticism for its timing, with concerns that it could undermine the nation's efforts to promote EV adoption and attract foreign investment in the sector. The government's stated goal is to increase the market share of EVs and draw in manufacturers, a target that critics argue could be jeopardized by the new levy.