Thanks to the government’s various incentives for purchasing EVs in Malaysia, quite a number of electric vehicles are now roaming Malaysian streets. As per Bernama’s report, Investment, Trade, and Industry (MITI) Minister Tengku Zafrul said that over 9,000 new EVs have been registered locally in 2023 alone.
Given the fact that only 12,000 EVs have been registered in Malaysia since 2011, the amount of new electric vehicles registered this year alone is certainly impressive. Tengku Zafrul also elaborated that he believes EVs would be the catalyst for the growth of Malaysia’s manufacturing industry exports.
“There is a lot of potential in the new generation vehicles wherein more components, for example, semiconductor composite, chips component in a typical car today, or even a hybrid car will be around 1,500 chips (needed) in one car. When you look at EV cars, it can go up to at least 3,000 chips in one car and these chips come from the E&E sector,” he added.
Evidently, more consumers in Malaysia are willing to embrace EVs. Once Proton and Perodua enter the EV market sometime in 2025 – as per our previous report – we reckon even more folks will be eager to start their EV journey.