BMW Group says that the Budget 2024 aligns perfectly with the brand’s vision
The Budget 2024 has been announced and according to BMW Group Malaysia, it paints a promising future for Electrified and Sustainable Mobility in the country. In the group’s efforts to drive our commitment to more Sustainable and Responsible mobility in Malaysia, it is inspired by this forward-thinking move.
The goals of the Budget 2024 also align perfectly with the BMW Group’s vision for Malaysia in the coming year to shape, lead, and future-proof the Malaysian automotive landscape, underscored by the introduction of a range of all-electric vehicles and innovative solutions and practices in the ESG space.
Moreover, BMW Group welcomes the newly announced allocations in Budget 2024 that underpin the government’s commitment to our shared vision of Electrification and Sustainability. The government’s effort to boost the development of the local electric vehicle (EV) industry will accelerate EV adoption here.
Looking to the future, the need to accelerate the adoption of EVs as a greener and more efficient solution to transportation is crucial to the BMW Group. To this end, it believes the government’s decision to extend individual income tax relief on EV charging facility expenses and tax deductions for EV rental costs are great.
On top of that, the introduction of the all-electric BMW i fleet has allowed the BMW Group to take lead as the Number One Premium EV provider in Malaysia with over 1,700 units in BMW and MINI EV delivered in just eight months this year, strengthening its commitment to the expansion of the EV ecosystem in Malaysia.
At the heart of the BMW Group’s strategy for Electrified Mobility lies a profound commitment to leveraging collaborations with key industry players in the automotive and governmental sectors. It is heartening to see the decision of the government to invest heavily into increasing accessibility to EV charging facilities across the nation.
What’s more, through longstanding partnerships, the BMW Group continues expanding the BMW i Charging network, which now spans over 1,000 charging facilities across Peninsular Malaysia, Sabah, and Sarawak. Its partners, including TNB, JomCharge, Siemens, Gentari, and Leader EV, play a crucial role in this too.
With increased investment into the Technical and Vocational Education and Training (TVET) sector, the BMW Group believes that the resilient Malaysian automotive sector demands exceptionally skilled individuals who can proficiently navigate cutting-edge technology and innovation.
As the BMW Group Malaysia prepares for the upcoming year, its approach to Electrified Mobility and Sustainability remains collaborative. The group’s dedication to Environmental, Social, and Governance (ESG) goals is rooted in the belief that it is a shared responsibility.
More information can be found on the official BMW Group Malaysia website linked here.
