KUALA LUMPUR, Oct. 12 -- Fully imported (CBU) EVs are expected to get a price hike in just a few months as the Malaysian government has decided not to extend the current tax holiday which is set to end on 31st December 2025. After this, the tax incentives for EVs will only continue for locally assembled (CKD) EVs until 2027.

If you've been considering of getting a brand new Tesla Model 3 or Model Y, Tesla Malaysia is asking potential buyers to secure their units as soon as possible to save at least RM20,000 before the tax holiday ends. Take note that your vehicle must be registered by 31st December 2025 to enjoy the current prices.

After all, Tesla has no plans for CKD production and it will be hit by the applicable taxes and duties imp...