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Annual EV usage in Malaysia has jumped 14-fold since 2022, incentives for local EV parts development
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Annual EV usage in Malaysia has jumped 14-fold since 2022, incentives for local EV parts development
The investment, trade and industry ministry (MITI) has said that annual EV usage in Malaysia has jumped from 3,127 units in 2022 to 44,813 in 2025, Bernama reports. The 14-fold increase was driven by the government’s import and excise duty exemption for fully-imported (CBU) EVs, MITI said in a written reply to the Dewan Rakyat published on the parliament website recently. “In line with the National Automotive Policy 2020, which targets to make M…
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