Hybrid Car Prices More Attractive In Malaysia with Excise Tax Exemption
KUALA LUMPUR: Malaysian Automotive Association (MAA) expects prices of hybrid cars will be more attractive next year to boost sales after Budget 2011 announcement of full excise duty exemptions on hybrid cars below 2,000cc until Dec 31, 2011.
President Datuk Aishah Ahmad said hybrid cars in Malaysia were currently not cheap, resulting in fewer than 300 such cars sold.
“The price will definitely come down by next year. At the moment, the industry players (those involved in producing hybrid cars) are doing the price calculation after the budget announcement,” she told reporters yesterday after the launch of advertising and promotion of Kuala Lumpur International Motor Show 2010 (KLIMS’10) by Tourism Minister Datuk Seri Dr Ng Yen Yen.
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