Syed Faisal says Proton will gain from selling and servicing Smart cars, as well as managing an EV business, and such experience will help the carmaker develop its own EVs in the near future. (Photo by Mohamad Shahril Basri/The Edge) - A + A SUBANG JAYA (Aug 18): Proton Holdings Bhd is seeking an extension of 100% import and excise tax exemptions for complete built-up (CBU) electric vehicles (EVs) beyond 2023, to build a robust EV industry in the country, according to chairman Datuk Seri Syed Faisal Albar Syed AR Albar on Thursday (Aug 18). “As we all know, we now have 100% duty exemption for CBU EVs until 2023, and until 2025 for CKD (complete knocked-down) electric cars. It is an excellent way to split investment. And we thank the government for this. “But for the benefit of building a robust EV industry, we humbly request that this exemption be extended,” Syed Faisal said here in a speech during the signing ceremony of a general distribution agreement between … [Read more...] about Proton seeks extension of import, excise tax exemption for CBU EVs