Selected Volvo models equipped with the Drive-E powertrain have been given energy efficient vehicle (EEV) status, resulting in price reductions due to customised government incentives.
Tabled here is a comparison of the models’ prices – OTR without insurance, inclusive of GST – before and after the incentives were given.
|Models||Retail price||Retail price with EEV incentive|
|V40 T5 Drive-E||RM192,888||RM180,888|
Incentivising EEVs is part of the National Automotive Policy (NAP) which aims to encourage the establishment of Malaysia as a regional automotive hub for EEVs.
Volvo said the utilisation of a highly efficient internal combustion engine that produces more power output per cylinder whilst emitting lower emissions and consuming less fuel, will be the industry’s benchmark for achieving increasingly tougher global emissions target.
“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 Volvo Car Malaysia (VCM) Lennart Stegland.
Volvo in a statement said it is committed to advance significant steps towards a zero emissions future which started with the development of a modular engine (Drive-E) and scalable platform architecture (SPA), both of which are ready for future electrification.
“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,” said Stegland.
The revised retail pricing will come into effect on August 12.