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Honda Malaysia President: EV CKD Incentives Crucial

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Honda Malaysia President: EV CKD Incentives Crucial

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Honda Malaysia launched the e:N1 BEV but confirmed no local assembly (CKD) is planned due to the government's tax exemption for CKD EVs only extending to 2027. Honda Malaysia's President, Sarly Adle Sarkum, expressed concern, stating that automakers need longer than five years to see a return on CKD investment. He emphasized the importance of government incentives beyond 2027 for the entire automotive industry. The current CBU tax exemption ends this year, potentially increasing the e:N1's price and hindering EV adoption in Malaysia.

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