With government tax incentives, more public battery charging points for battery electric vehicles (BEVs) and accessibly priced new models, the adoption of such zero emission cars is expected to rise quickly in Malaysia in the next few years.
According to Malaysian Automotive Association data, a total of 2,631 EVs were sold in Malaysia in 2022 - a tiny fraction of the automotive total industry volume in the country, which hit a record high of 720,658 units last year.In December 2022, Road Transport Department director-general Datuk Zailani Hashim had said about 10,000 BEVs are registered in Malaysia.
Thiruchandran said in the last 10 years, prices of EV batteries have dropped by around 90% - resulting in EVs getting closer to reaching price parity with cars powered by internal combustion engines . The research paper, entitled “China’s electric vehicle and climate ambitions jeopardised by surging critical material prices”, noted that higher prices for EVs would make ICE cars more economically attractive.
“Statistics show that the average Malaysian driver records about 2,000km per month. While the public EV charging infrastructure is still in the early stages, EV drivers should be able to charge their cars on long-distance trips, with some planning ahead,” he said. Still, Thiruchandran noted that unlike those staying in landed properties, high-rise residents would have issues charging their EVs.Given the growing numbers of EVs, of course we need to build more charging points,” said Thiruchandran.
Also, import tax exemption for components used in local assembly of EVs would be extended by two years to end-2027.
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