During the recent tabling of Budget 2027, Prime Minister Anwar Ibrahim announced that companies involved in green and sustainable technology projects—including EV charging stations—will get to enjoy an Investment Tax Allowance of up to 100% until 31 December 2030.
This might sound like great news for Charge Point Operators (CPOs) out there, but unfortunately, the reality is quite different once you take a closer look at the fine print.
Tax incentives for EV charging station operators will be reduced in 2027
Unfortunately, the 100% Investment Tax Allowance is not for EV charging station projects. The Investment Tax Allowance mentioned by PM Anwar in Parliament is likely the Green Investment Tax Allowance (GITA) scheme, which was originally introduced in 2013.
