Volvo Car Malaysia announced that models equipped with the Drive-E powertrain have now been accorded Energy-Efficient Vehicle (EEV) status, which will result in a retail price reduction for applicable models, thanks to customized government incentives.
The models and their prices (on-the-road without insurance, inclusive of six per cent GST) before and after the incentives are as mentioned below:
Retail price with EEV incentive
V40 T5 Drive-E
According to Volvo Car Malaysia, the retail price with EEV incentive will take effect from today onwards.
“Our award-winning Drive-E powertrains offer customers a world-class blend of outstanding power and lower fuel consumption which promises to bring efficient driving pleasure to a whole new level,” said Lennart Stegland, Managing Director of Volvo Car Malaysia.
Stegland adds, “We fully support the government’s initiative under the NAP to encourage the use of EEVs in Malaysia as it will spur investments and development of green technologies from global automotive players into Malaysia.”
Volvo Car Malaysia also mentioned that it would like to acknowledge the cooperation between the relevant government agencies such as the Malaysian Automotive Institute (MAI), Ministry of International Trade and Industry (MITI), Ministry of Finance (MOF), Malaysian Investment Development Authority and the Road Transport Department (JPJ) to ensure that all the requisites for the certification and incentives are met.
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