Jumpstarting the demand for electric vehicles

Jumpstarting the demand for electric vehicles - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Jumpstarting the demand for electric vehicles, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

It’s a chicken and egg situation for electric vehicles, or EVs as they are mostly called. Do we wait for EV charging stations first or wait until there are more EV models to choose from?Usually, in this waiting game, the government takes the lead by making a policy to promote one or the other or even both.In the case of Malaysia and the political uncertainty caused by the frequent change of government – three in three years – there’s been more space for the private sector to act. And act they have. BMW seized on a lowering of excise duty for CBU electric cars to competitively price its first all-electric car, the iX, to test the market.Malaysian motorists used to high car prices are suckers for tax advantages and they swept up the entire lot of the EVs that BMW Malaysia imported, even though delivery will only be in the new year.The bigger picture however is the initiative take…