Electric vehicles in Malaysia are set to see significant growth in terms of market share, according to Malaysia Automotive, Robotics and IoT Institute (MARii) chief executive Azrul Reza Aziz.
Speaking to paultan.org today, the CEO of the agency under the ministry of investment, trade and industry (previously known as the ministry of international trade and industry) said that more locally assembled (CKD) electric vehicles will arrive on the Malaysian market by 2025.
The market for EVs in Malaysia is set to be liberalised after 2025, MITI minister Tengku Datuk Seri Zafrul Abdul Aziz said earlier this week. From 2025, the adoption rate of electric vehicles in Malaysia “will speed up,” MARii CEO Azrul said.
While the national target for electric vehicles is for the type to comprise 15% of total industry volume (TIV) by 2030, MARii predicts that EVs will reach that percentage even sooner. “Based on our projections, we can achieve [the 15% target for EVs] earlier than 2030,” Azrul added.
The latest excise duty and sales tax exemption for locally assembled electric vehicles was extended until December 31, 2027, a further two years on from the original deadline that was at the end of 2025, and the same applied to components used in local CKD assembly of EVs. Meanwhile, import and excise duties for fully imported EVs was extended to December 31, 2025.
This was as updated in the retabled Budget 2023, though this was not announced as part of finance minister and prime minister Datuk Seri Anwar Ibrahim’s speech at the time.
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At least one of the local car makers would need to produce an affordable EV first though.
anytime BEV makers can start pricing war but would your gov allows it?
tax-free EV 15% target utk T20
Syabas kita ade gomen Harapan
Proton Smart inkambing.. so no problemo
Based on previous road tax scheme, the above volvo EV will need to pay RM4500 per year. Until today, we have not seen a updated road tax structure so most will wait until things are clearer.
Yes, we need clarity on the road tax as it is going to be super expensive to pay for EV road tax if the government doesn’t do anything about it. That will hamper all efforts and will cause 2nd hand value to drop sharply. There needs to be an effort to ensure that owning EVs is a win-win for all parties. And since the automotive industry is moving towards making EVs and ending ICEs, then the cost of charging outside or at home needs to be competitive/comparable to paying for petrol now. Otherwise, there is no benefit for people to shift to EVs.
Wow that qualify us as super ev power house
15% of 600,000++ in 2030.
90,000+ Battery Car
510,000+ Battery Hybrid, Petrol Car.
REMOVE AP SYSTEM AND LIBERALIZE OUR AUTOMOTIVE INDUSTRY.
ENOUGH PROTECTING PERODUA AND PROTON FOR 50 YEARS
get ready for rolling brown outs
our grid has not been upgraded to handle this
Rolling blackouts?? U think Malaysia is India or some 3rd world country ka?? Bodoh la you. We are a producer for natural gas la. Plenty of energies
Please don’t insult India, right now their rocket is heading to the moon, they will be the 3rd largest economy in the world in 10 year time
Hahaha. Indian rocket. We saw how it failed so many times before. Don’t make me laugh la. But I do respect their determination. Very inspiring. No enough toilets but still reaching for the moon. Respect
as a unintentional consequence from the days of mahathir giving contracts to crony IPPs like malakoff and ytl. now we have 40% excess power production capacity easily able to handle several hundred thousand EVs assuming they charge at night.
I’m more concerned about our grid having the capacity to cater the increased electricity consumption.
Then our home electric bills will sky rocket above rm700 and won’t enjoy subsidy. Govt will increase tariffs for everyone