<ul><li>The proposed T15 income bracket criteria for the RON95 fuel subsidy that is to be finalised by the middle of this year may drive consumers to downgrade their vehicles or change to electric vehicles, according to MIDF Research.</li><li>The upcoming change in policy may influence buyers to lower-cost internal-combustion engined vehicles or switch to EVs, the latter particularly before the tax exemptions for fully imported (CBU) EVs expire at the end of this year.</li><li>The revised excise duty in the auto sector, effective from January 2026, is expected to increase CKD car prices by 10% to 30%, according to MIDF Research.</li><li>The introduction of the T15 fuel subsidy criteria could have potential implications on consumer vehicle choices and the demand for electric vehicles.</li></ul>

T15 fuel subsidy criteria may push consumers to downgrade vehicles or switch to EVs – MIDF Research

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