The discontinuation of EEV alone will result in small increase in prices, but nothing significant enough to stall car sales.

The second point, the revision of OMV however, will do just that. Prices are expected to go up by at least 15 percent more. If you are buying a RM 100,000 car, expect to pay at least RM 15,000 more.

Ministry of Finance has changed the definition of OMV, which will now include many other items that were previously not taxed - distributor’s margins and royalty payments (for intellectual property) for example.

In other words, the government wants to squeeze out more tax money from cars.

To be clear, the government has yet to confirm anything, as many car companies are protesting against the move. Discussions behind closed doors are still on-going.

https://www.<spam link removed>/news/Car-prices-to-go...e-New-Year-1080