The Malaysian government extends the full exemption of import and excise duties on hybrid and electric cars until Dec. 31, 2013. Prime Minister Najib Razak, in his role as finance minister, says in his annual budget that the extension is meant to “promote green technology and ensure sustainable development” by encouraging domestic assembly of EVs and hybrids. Razak also says the government will offer subsidies to taxi owners to replace older vehicles with new vehicles. Funding will be ...
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