We’re back from the Malaysian Automotive Association (MAA) annual briefing and have some big figures to share. Last year was another record year for the automotive industry with 799,731 units sold. This nearly 800k total industry volume (TIV) comfortably beat the 2022 total of 721,177, itself a record.
This 11% growth to beat the previous record was propelled mainly by the passenger car sub-segment, amid a resilient domestic economy and a very much stable socio-political environment, the auto club said in a statement. Another set of eye-popping figures is from electrified vehicles, which MAA brands as ‘xEV’. This includes hybrids and full EVs.
Last year, xEV sales jumped 69% from 22,619 units in 2022 to 38,214 units, making up around 5% of the 2023 TIV. Of this total, 28,055 units were hybrids (BSG-type mild hybrids are included) while 10,159 units were battery electric vehicles. That means the year-on-year growth for hybrids is 40%, while EV growth is a massive 286% from 2022’s 2,631 units.
MAA says that its sales data are only from the association’s members. New entrant Tesla isn’t an MAA member, so the actual growth for EVs would have been slightly higher since Model 3 deliveries started in late November.
For 2024, MAA believes that the xEV demand and interest will continue to grow thanks to government support to promote the use of these ‘greener’ cars, as well the introduction of more new xEV models.
MAA president Mohd Shamsor Mohd Zain said that this year, the forecast is for xEVs to contribute 9-10% of TIV, and 2% for full EVs. Based on MAA’s 2024 TIV forecast of 740,000 units, that would be up to 74,000 units for xEVs and 14,800 units for EVs.
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Mass adoption won’t happen until
– 100,000km real world range
– EVs cost RM1.99 (Ringgit Malaysia One and Cents Ninety Nine ONLY
– Charger available every 15 metres
– Myth about battery expiring in 3 weeks
– Myth about exploding batteries
– Myth about grid not being to support EVs
– Myth about gas/fuel/coal generators
– Myth about cobalt, lithium
– Myth about EVs being worst for environment
– NO MORE PETROL SUBSIDY
Mass adoption won’t happen unless myth believer like Mike Tee stop believing in myth and accept adoption.
You read the room wrong. I own a 12 year old Prius, a PHEV, an iX and have a Model Y on order
Masa, kopi, aiskrim n snackfood spent while charging my car… Shud stick to my civic typeR
Exploding batteries is not a myth, its a fact. And imagine if you are in the middle of a highway, your battery is about to die & you need to charge for like an hour before you can continue your journey. To me it is such a waste of money. This whole EV buzz is going to end at some point, my bet is by the end of the decade. Its already happening, EV sales are slowing globally already. People still prefers ICE cars. Fossil fuel is the way to go
based on this, it’s evident that the demand for hybrids is there but Toyota Malaysia be sleeping. and it’s infuriating because they keep selling these cars which are basically Perodua’s with a Toyota badge…
Wait until luxury tax kicks in on March see if EV sales still this high or not.
With all things being equal, ie. with cars that kena luxury taxes, cars that have green tax incentives will sell. so yea your answer is EV sales will be hgher
Hybrid is a good transition point. Humans are creatures of habit. The transition will take time. Gradual push along with handholding and educating the customers is the only way to go. The government should encourage more hybrid cars, which reduce patrol consumption (3 or 4 lts per 100 km), while they initiate the gradual elimination of fuel subsidies. The car manufacturers and local workshops are also c
do you have the same info for 2-wheeler EV? would be good to also see which brand is selling the most.