Honda e:N1 EV – CKD in Malaysia planned, but gov’t tax incentives need to be extended beyond 2027

AI Summary

Honda Malaysia is confident it will sell its allocated volume of the fully-imported Honda e:N1 EV before tax exemptions expire on December 31. Priced at RM149,900, the China-built B-segment SUV marks the start of Honda's EV journey in Malaysia, with three more models planned in the next three years. While acknowledging the eventual shift to local assembly (CKD), Honda's COO Sarly Adle Sarkum urged the government to extend tax incentives for CKD EVs beyond 2027 to at least 2032 or 2037 to encourage investment and support the national target of 15% EV market share by 2030.