Jumpstart the electric vehicle industry, Putrajaya told

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Malaysia needs new investment policies and incentives on hybrid and electric vehicles. (Bloomberg pic)PETALING JAYA: Putrajaya should formulate “radical” policies to drive Malaysia into the electric vehicle (EVs) and autonomous driving business, according to a seasoned motor industry watcher.Former motoring journalist Yamin Vong suggested that tax rebates be provided to make electric vehicles attractive to buyers in the premium market, while for the mass market, a “cash-for-clunkers” could encourage people to trade in their jalopies.Such ideas could help the Malaysian motor industry, particularly Proton, to benefit from a recent agreement between two major Chinese companies, Zhejiang Geely and Tencent Holdings, to develop the smart vehicle cockpit and autonomous driving technology.Yamin Vong.Geely owns a 49.9% stake in Proton and also owns Swedish car maker Volvo.Vong urged th…