Malaysia aims to grow the electric vehicle market share to 38% by 2040 through the Low Carbon Nation Aspiration (Aspirasi Rendah Karbon) 2040, which is part of the National Energy Policy 2022-2040 (Dasar Tenaga Negara, or DTN) that was announced yesterday.
Last year, 274 EVs were sold in Malaysia from a total industry volume (TIV) of 508,911 units in 2021. The uptake of battery-electric passenger cars are set to increase with the duty exemption incentives for EVs under Budget 2022, Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad said in January this year.
The MAA, which represents carmakers in Malaysia, stated yesterday that it wants the tax breaks on electric vehicles to be extended to 10 years in the upcoming Budget 2023, as the MAA president stated that it will be too early to end the incentives in 2023.
The December 31, 2023 exemption end date was for CBU (fully imported) EVs, which would enjoy 100% duty exemption up to that date, while CKD EVs get a further two years on the 100% duty exemption, until December 31, 2025.
Further to the low-carbon nation goals, the DTN 2022-2040 also aims to increase the biofuel content to B30, or 30% biofuel as the alternative fuel standard for heavy transport, up from the B5 standard laid out in 2018. B5 biodiesel was introduced in Malaysia in 2011, beginning with its rollout in Putrajaya.
Meanwhile, DTN 2022-2040 also aims to increase public transport usage in urban areas. The is hoped to increase the percentage of urban public transport modal share from 20% in 2018, to 50% by 2040.
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Poyos? Berapa peratus jualan kereta 2021 bawah rm100k?
I always find it hilarious when some genius come out with statement such as this. With EV prices beyond the mean of most Malaysian, how can one achieve 38% market? Furthermore, EV infrastructure is so far behind when compared to the like of countries who are really serious in EV. Are they day dreaming?
Yes, couldn’t agree more. i think many people felt this way. EV cars are too expensive. Let’s hope there will be more EV infrastructure in Malaysia and the EV car price could drop more in the future.
Only 38% by 2040 seems very unambitious. This at a time when so many car manufacturers are already committing to EV-only and pausing or even stopping ICE development…
Letrik rumah pembayar cukai yang bayarkan bolehlah dia sembang.
If you guys really has intention to make real commitment in growing EV market share, start by approving the introduction of sub-100k range of EV’s for the majority public, not all those luxury EV’s for the riches. Don’t just wait for P1 & P2, diversify the market with more choices.
With such a big jump, most probably we would require ‘help’ from Chinese manufacturer. Prepare for the onslaught of Chinese brands
EV cars charging so slow. How to sell in volume?
Even waiting LRT 5 mins ppl complain now.
https://www.thevibes.com/articles/news/71204/five-min-intervals-at-rush-hour-lrt-users-complain-of-long-queues
this is good provided good proper EV brands come in and set up shop or current brands to expand the EV portfolio. also infrastructure for both AC and DC to be done. from China only good brands to come in and not to allow the cheap non tech people to exploit the market by bring in unknown unsafe EV bikes or cars from China or other sources and claim to be the best and made in Malaysia like that E-scooter company last time which I debunked here. Also universities to five grants and help to new tech. then it will work.
Tax relief for EVs would only benefit the rich and famous. If there is tax relief for EVs, the government should only give it to EV cars costing below RM150,000 to make it available to the average wage income owners.
Tax relief fr EV below 80K would hit 80% of car buyers
Provided you can find EV below 80k that are not toy cars with substandard range. Fat chance EVs of today. Tax relief would make sense 5-10 years from now for affordable EV but not today.
Harga EV paling murah pun around 140k!. Dgn duit tu, kau boleh beli Myvi dgn minyak petrol utk 9 tahun! Mengarut gila la harga kereta di Malaysia ni. Cukai atas cukai atas cukai. Lagi nk songlap duit. Jalan raya berlubang jugak.
Yeah all the talks and plans and aims but where’s the constructive implementations? Years ago the nation also aimed to become a developed country with the infamous Wawasan thing and off we go again…