Government's RM300mil allocation to boost solar, hydrogen initiatives - Gentari

Quick Summary:

KUALA LUMPUR: Clean energy company Gentari is optimistic over the government's support in Budget 2025 in accelerating clean energy adoption.

"Gentari welcomes the ongoing EV incentives, including tax breaks for locally assembled EVs and subsidies for electric motorcycles, which are crucial for increasing the rate of adoption.

He said to further accelerate progress, initiatives such as green bonds, concessional financing, and expanded tax incentives for early-stage projects could help lower barriers to entry.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Hydrogen Solar Budget 2025 Energy RE Gentari

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 21:37:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 337 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23119848

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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Year Established: 1971

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News Last Updated: 2 hours ago

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