The Malaysian government continues to support the growth of electric vehicle (EV) charging infrastructure, offering various incentives despite the absence of specific provisions in the 2025 Budget.
Key Incentives for Charging Site Operators (CPOs)
The Ministry of Investment, Trade, and Industry (MITI) highlighted several incentives available to encourage the development of EV charging stations:
- Green Investment Tax Allowance (GITA):
- CPOs meeting the eligibility criteria can benefit from a 100% Investment Tax Allowance for five years.
- This allowance allows deductions of up to 100% of statutory income annually.
- Income Tax Exemption for Manufacturers:
- Companies producing EV charging equipment are granted full income tax exemptions on statutory income from 2023 to 2032.