Min price for CBU EVs by new brands in Malaysia increased to RM250k, min power 272 PS from 2026

A document snapshot has been shared on LinkedIn, purportedly from Malaysia’s investment, trade and industry ministry (MITI), that appears to reveal that from January 1, 2026, all new fully-imported (CBU) EVs from new brands yet to enter the Malaysian market must be priced RM250k and up, and their motor(s) power must be at least 200 kW (272 PS).

Before you get your sarongs in a twist, this does not affect brands and CBU EV models that are already in Malaysia – the RM100k floor still applies for these. And of course, any CBU EV that enters Malaysia on or after December 28 will not be exempt from import and excise duties.

Min price for CBU EVs by new brands in Malaysia increased to RM250k, min power 272 PS from 2026

BYD, Malaysia’s top EV brand, is planning a plant in KLK TechPark, Tanjong Malim, but it’s only expected to be ready by the second half of 2026. CBU EV stock that enters Malaysia on or after December 28 could be subjected to price hikes – although by how much would depend on how much the new duty rates are, which are not publicly known yet. Brands that want to stay competitive will have to assemble their EVs in the country.

Carmakers already producing EVs in Malaysia include Proton, Perodua, Volvo, Chery, Mercedes-Benz and TQ Wuling. Besides BYD, Zeekr could do it at DRB-Hicom’s Automotive Hi-Tech Valley (also in Tanjong Malim), Leapmotor is expected to use Stellantis’ Gurun plant, EPMB will do it for Xpeng and MG, and Volkswagen has EV plans for DRB-Hicom’s Pekan plant.

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