Why did MITI revert the EV floor price to RM250,000?

Question

## MITI Reverted the EV Floor Price to RM250,000 to Facilitate Local Assembly Transition

Accepted Answer

The Ministry of Investment, Trade and Industry (MITI) reinstated the electric vehicle (EV) floor price to RM250,000 from RM100,000. This strategic adjustment was implemented to ensure a more defined transition period from importing completely built-up (CBU) vehicles to local assembly operations. The decision aims to safeguard the investments already committed by national companies and local vendors within the burgeoning EV sector.

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Why did MITI revert the EV floor price to RM250,000?

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