Last Updated December 15, 2023
Electric Bike Rebates and Tax Credits in Asia
Latest Rebates and Tax Credits - Asia
2400 RM (Malaysian Ringgit)
Electric Motorcycle Use Promotion Scheme
The Malaysian government is offering a rebate of up to RM2,400 for eligible individuals to purchase electric motorcycles. The programme, called the Electric Motorcycle Use Promotion Scheme, is available for individuals with an annual income of RM120,000 or less. Applications for the rebate will open on December 8, 2023.
FAME, or Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles
- Purchase Incentives: Direct discount provided to the user on the cost of the electric bike - Coupons: Financial incentive where the amount is reimbursed later - Interest Subventions: Discount offered on the interest rate while availing loan - Road tax exemption: Road tax at the time of purchase is waived off - Registration fee exemption: One-time registration fee applicable on new vehicle purchase is waived off - Income tax benefit: Provided as a deduction on the tax amount payable by an individual to the government - Scrapping incentives: Provided upon de-registering old Petrol and Diesel Vehicles - FAME, or Faster Adoption and Manufacturing of (Hybrid and) Electric vehicles: Incentives such as Rs 15000/- per kWh upto 40% of the cost of Vehicles for two wheelers, Rs 10000/- per kWh for three wheelers, Rs 10000/- per kWh for four wheelers, Rs 20000/- per kWh for E Buses, and Rs 20000/- per kWh for E Trucks - State Incentives: Every state offers some incentives to you for adopting electric vehicles.
The Pakistani government has launched the National Electric Vehicles Policy (NEVP) in 2019 to increase the use of EVs in the country by providing incentives. The policy targets 30 per cent of all passenger vehicles and heavy-duty trucks, as well as 50 per cent of two and three-wheelers and buses, to be electrified by 2030, with the goal rising to 90 per cent by 2040. It also offers tax incentives and lower customs duties for EV manufacturers, assemblers and suppliers, as well as financing options for consumers. The government is also exploring the possibility of converting motorcycles that run on combustion engines into electric vehicles. Additionally, the ministry of industries plans to launch an electric bike scheme to produce 100,000 e-motorbikes in the next 18 months with a proposed subsidy of Rs17.5 billion over three years with plans to install EV chargers at select stations, workplaces, and universities.
Voucher with vehicle trade-in
Gujarat Two Wheeler Scheme 2023
Only the workers of the unorganized workers will be able to get a subsidy facility provided to them for purchasing an electric scooter. 30% of the subsidy will be provided to the applicants purchasing scooters from industrial labour. Those workers who are working in the construction sector will be able to get a 50% of the subsidy for the purchase of e-scooter.
The Indonesian government will offer incentives for the purchase of electric motorcycles in the form of Rp7 million per unit. The Transportation Ministry has targeted 50,000 motorcycles to be converted into electric ones this year and the government is also aiming to open 1,000 certified workshops to support the implementation of motorbike conversion in Indonesia. Tax incentives will also be offered for electric four-wheelers.
Tax Liability Credit
Under the Energy Conservation Plan to promote clean and green energy, the government has approved a scheme for providing 15,000 electric bikes and rickshaws at zero markup in three years. A loan of up to Rs0.5 million will be provided in the first category at zero interest for repayments in three years in 36 instalments. For the current financial year (2022-23), a total of Rs7.5 billion has been allocated to finance 15,000 electric bikes and rickshaws for individuals under 45 years of age.
Voucher with vehicle trade-in
Singapore Ministry of Transport
The eTG (e-scooter Trade-in Grant) is a $7 million grant to help food delivery riders switch their e-scooters to other modes of transport. Each rider will get a grant of up to $1,000 for a power-assisted bicycle (PAB) or $600 for a bicycle. Delivery riders with mobility difficulties who are eligible to use personal mobility aids and want to continue working for their companies will also get a grant of up to $1,000. The eTG scheme will operate until 31 December.
Subscribe to Ride Review
Sign up for free for the Ride Review Newsletter - the world's largest newsletter about small electric vehicles - and have chances to win our electric bike and scooter giveaways. Trusted by over 60,000 riders around the world.
Join Ride Review Newsletter
The largest newsletter for small electric vehicles. No spam, just rides!
Join Ride AI Newsletter
We track how technology is changing the way we move.
When you purchase through links on our site, we may earn an affiliate commission.