Published on August 14th, 2016 | by Subhash Nair0
Volvo V40 T5, XC60 T5 and T6 Receive EEV Status – Pricing Reduced by up to RM20,000
Volvo Car Malaysia is pleased to announce that select models equipped with the Drive-E powertrain has now been accorded Energy-Efficient Vehicle (EEV) status, which will result in a retail price reduction for applicable models, thanks to customized government incentives.
Below is a comparison of retail prices (on-the- road without insurance, inclusive of six per cent GST) before and after the incentives:
Incentivising EEVs is an important part of the National Automotive Policy (NAP) which aims to encourage the establishment of Malaysia as a regional automotive hub for EEVs. Volvo believes that the utilisation of a highly efficient internal combustion engine, producing more power output per cylinder whilst emitting lower emissions and consuming lesser fuel, will be the industry’s benchmark for achieving increasingly tougher global emissions target.
Volvo 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 is ready for future electrification.