Finance minister and prime minister Datuk Seri Anwar Ibrahim has announced in his Budget 2025 speech that the RM2,400 subsidy for CKD electric motorcycles (e-bikes) will continue. Anwar added RM10 million has been allocated for this purpose to encourage the ownership of e-bikes.
The subsidy was introduced in the 2024 budget and intended to assist those earning RM120,000 and below annually. This is inline with the government’s aim to promote e-bike use among the B40 income group.
Malaysia has also seen e-bike battery swapping service providers Yinson Greentech RydeEV and Blueshark set up shop in the past two years. During the speech, Anwar made no mention of the continuation for EV tax breaks for four-wheel electric vehicles which is assumed to end in 2025.
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