Proton CEO, Syed Zainal hoped the government will come up with an end-of-life vehicle policy to sustain the automotive industry in the country.He said it is timely for Malaysia to provide packages and incentives to make sure that old cars, which are not safe and “green”, are not on the road.Read the full news from Bernama below.
PROTON IN FAVOUR OF END-OF-LIFE VEHICLE POLICY UNDER BUDGET 2011
KUALA LUMPUR, Oct 6 — Proton Holdings Bhd hopes the government will consider under Budget 2011 the end-of-life vehicle (EVL) policy to sustain the automotive industry in the country.
Group managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir said the EVL policy provided an immediate impact to the whole ecosystem as implemented under the stimulus package a year ago.
“We understand it is a very costly exercise but we are willing to sit with the government on how both industry players and government can play role,” he told reporters at the company’s Aidilfitri Open House here Wednesday.
Syed Zainal said old vehicles should be taken off as the total automotive industry volume has come to a saturation stage.
He said it is timely for the government to provide packages and incentives to make sure that old cars which are not safe and “green” are not on the road.
“This is evidenced in other countries like Japan, South Korea, Singapore and even Indonesia,” he added.
EVLs are cars and light trucks that are considered waste and should be disposed of.
Syed Zainal said the government should also provide incentives for green technology usage as well as research and development (R&D) grant to promote innovation in line with the New Economic Model.
The move, he said, will encourage R&D activities in the country and hopefully, the technology could be commercialised.
“That at least provides a catalyst from the government to facilitate automotive players like Proton and consumers to start being aware of green technology on vehicles,” he added.