The government has set a target for sales of electric vehicles (EVs) to reach 20% of Malaysia’s total industry volume (TIV) for passenger and commercial vehicles, by 2030.
According to the ministry of investment, trade and industry (MITI), the current EV share of the TIV is 5.11% for the first nine months of 2024 (till end September). This is an increase from the 4.12% share recorded in 2023. The number of EVs on the road have risen sharply – from 3,146 units in 2020, the total was 13,513 units in 2023 and it’s now at 15,876 units.
“This achievement is a result of the work of various ministries and government agencies together with the industry, to help ensure the formation of an EV industry ecosystem that’s planned and orderly. It’s known that before 2018, EV usage was low and it was yet to spread rapidly in Malaysia and the region,” MITI told parliament in a response to a question by Wangsa Maju MP Zahir Hassan, reported by Astro Awani.
MITI said that various initiatives have been rolled out to build the EV industry ecosystem in Malaysia, including the full exemption of import and excise duties for CBU imported EVs till the end of 2025, plus exemption for import/excise duty and sales tax for CKD locally assembled EVs till December 2027. The government is also targeting 10,000 EV chargers nationwide by 2025.
The ministry also said that it has held engagement sessions with highway concessionaires, hypermarket chains and shopping mall and hotel associations to encourage the setting up of EV charges at premises.
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Then need to have 30k tax rebate for those buying ev
How is 5.11% is calculated?
The last i recall September TIV was around 600K units and 15K EV (assume up to September) only add up 2.5%.
Lets exclude Commercial vehicle then TIV for passenger car is around 540K and again only 2.7%.
Sorry, i fail in math
The govt should just extend the EV tax exemption till 2030 to promote for EV usage. Thanks to govt i am enjoying my abang tesla vehicle.
tnb needs to really look at the subsidy for electricty bill for ev owners. cakap support ev, tapi bil elektrik ev owner naik and lose subsidy because way past the threshold