Budget 2024 Is Expected To Boost E-Bike Adoption With Electric Motorcycle Usage Incentive Scheme

The government aims to reach a 15% share of electric vehicles (EVs) in total motorcycle sales by the year 2030.
(credit: Eclimo Motors)

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The Electric Motorcycle Usage Incentive Scheme, introduced in Budget 2024, is set to boost the adoption of electric motorcycles (e-bikes) in Malaysia.

This initiative aligns with the government’s goal of achieving a 15% share of electric vehicles (EVs) in total motorcycle sales by 2030, according to the Malaysia Automotive, Robotics, and IoT Institute (MARii), as reported by Bernama.

MARii’s CEO, Azrul Reza Aziz, sees this scheme as a significant driver for the EV industry and the nation’s green mobility ecosystem. It is expected to promote the use of e-bikes and enhance public trust in this technology.

The e-bike incentive scheme is consistent with the National Automotive Policy (NAP) 2020 and supports the Madani Economy’s objective of empowering people with new technology while contributing to the country’s aim of becoming carbon neutral by 2050.

MARii is committed to supporting EV and autonomous vehicle manufacturing and assembly in Malaysia through its existing ecosystem, which includes research and development (R&D) for crucial components.

The presence of infrastructure, technology, skilled talent, government backing, and established supporting industries like the electrical and electronics (E&E) sector and EV battery manufacturing chain positions Malaysia as an EV industry hub.

MARii also intends to collaborate with various stakeholders such as car and motorcycle manufacturers, commercial vehicle producers, charging station providers, and component manufacturers to establish a comprehensive EV ecosystem.

This effort will be facilitated through the establishment of the Centre of Excellence for Future Industry, MARii Simulation and Analysis Centre, MARii Design and Engineering Prototyping Centre, and the MARii Academy of Technology.

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