There were 30.4% more electrified vehicles (xEVs) sold in Malaysia in 2024 versus 2023, investment, trade and industry minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has said, according to The Star.
He added that the 46,239 xEVs sold – comprising hybrids (HEV), plug-in hybrids (PHEV) and battery-electric vehicles (BEV) – made up 5% of all passenger vehicle registrations last year.
“Based on the 2023-2024 trends, the government expects the cumulative number of xEVs on the road to reach at least 400,000 passenger and commercial vehicles by 2030,” he said yesterday in a written parliamentary response to Stampin MP Chong Chieng Jen‘s query on the government’s EV promotion plans.
Malaysia targets passenger and commercial xEVs to make up 20% of annual sales by 2030, 50% by 2040 and 80% by 2050, Zafrul said.
In another response to Tebrau MP Jimmy Puah Wee Tse, he said 119,000 xEVs were registered in Malaysia as of December 31, 2024, and there are 3,611 public EV chargers in the country, including 1,095 DC and 2,516 AC (up from 956 DC + 2,398 AC = 3,354 chargers in November 2024)
“The government has also maintained the target to provide 10,000 EV charging facilities by 2025, comprising 8,500 AC chargers and 1,500 DC chargers,” Zafrul said, adding that fully-imported (CBU) EVs are free of import and excise duties until end-2025, and until end-2027 for locally-assembled (CKD) EVs. The start of targeted RON 95 petrol subsidies in mid-2025 could also boost xEV adoption, he also said.
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Any breakdown of HEV, PHEV, BEV?
2024 China, HEV/PHEV outsold BEV
In PH malaysia, only the rich prospers while they tax the M40s and B40s to hell. Better PH go to hell instead.
hahaha skewed data….most sold are actually hybrid….ie toyota cross hybrid. can we have the breakdown btw full EV, hybrid (normal & plug in)
Well guess Tenaga alraedy gave a heads up more than likely the cost will increase even further for those who consume higher usage and with EVs most likely they will exceed that monthly threshold.
Well that is not thanks to the Neta V that score 0 STAR NCAP rating – so investment guy want to help us justify again how APs cronies can help make EVs cars sold here safer as mention?
What is xEV?
xEV = hybrid (HEV), plugin hybrid (PHEV), battery ev (BEV)
Once free duties end let’s watch the sales of EVs drop to single digit numbers in 2026.
Same like hybrid last time.
Agreed. Right now, it’s highly subsidized. Wait till all exemptions are removed, including the electric tariff. Then we shall see whether those EV owners will cry or not.
Once petrol subsidy ends, the rich will still flock to EV because electric is still cheap. Meanwhile the poor who had to pump expensive petrol will suffer endlessly.
should reintroduce hybrid incentive…
WTF is xEV? Don’t create your own term man… it looks stoopid to be honest