Malaysia is experiencing significant growth in electric vehicle (EV) sales, with over 100,000 registered electrified vehicles and more than 12,000 battery electric vehicles (BEVs) registered since 2011, including over 9,000 this year alone. Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted that EVs are poised to drive Malaysia’s manufacturing and export growth, particularly in the electrical and electronics sector. Malaysia remains a key destination for EV investments, with RM26.2 billion approved for 59 projects between 2018 and mid-2023. By 2030, Malaysia aims for 20% of new car sales to be electrified, increasing to 80% by 2050. The automotive sector contributes about 4% to GDP, with a target of RM104.2 billion in GDP contribution and 1.47 million vehicle units by 2030.M’SIA SEES EXPONENTIAL GROWTH IN EV SALES, POSITIVE MOMENTUM
Malaysia is experiencing significant growth in electric vehicle (EV) sales, with over 100,000 registered electrified vehicles and more than 12,000 battery electric vehicles (BEVs) registered since 2011, including over 9,000 this year alone. Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted that EVs are poised to drive Malaysia’s manufacturing and export growth, particularly in the electrical and electronics sector. Malaysia remains a key destination for EV investments, with RM26.2 billion approved for 59 projects between 2018 and mid-2023. By 2030, Malaysia aims for 20% of new car sales to be electrified, increasing to 80% by 2050. The automotive sector contributes about 4% to GDP, with a target of RM104.2 billion in GDP contribution and 1.47 million vehicle units by 2030.
