Last month, I renewed my car road tax and insurance. My car insurance and car road tax are handled by UMW Toyota… so all I have to do is go to UMW office and pay the due amount. If I do that in the morning, I can get my new road tax disc by evening…

Anyways, that is not what I want to talked about today… I want to talk about the Malaysia Budget 2011… particularly the full exemption on import and excise duty for hybrid cars until 31st December 2011 😀

Currently there are two types of hybrid cars available in Malaysia… the Toyota 1.8 liter Prius Hybrid and the Honda 1.4 liter Civic Hybrid… and right now the price for 1.4-litre Civic Hybrid is RM129,980 from Honda Malaysia  and the 1.8-litre Prius at RM175,000 from UMW Toyota Motor. Once the exemption are imposed, the price will get lower… how much lower? We have to wait… but although the price will go down, usually the car insurance premium will goes up… that how the government get back their money… lower at one end, increase at one end… end up, we are back to square one 😛 But I’m still hoping that the price will go really low and hopefully there are cheap car insurance at the same time. The government has taken the right step by exempting the excise and import duty for hybrid cars coz it will reduce the CO2 emission in the long run.