With global automakers entering the Malaysian market, consumers will have more choices for electric vehicles.
Malaysia has set a goal of having 100,000 EVs on the roads by 2030, of which 50,000 are expected to be commercial EVs.
“Mercedes-Benz plans to have 30% of all its vehicles sold in Malaysia to be electrified vehicles by 2030, as Malaysia offers one of the highest EV penetration rates for its products globally. At the same time, BMI noted that Proton Holdings Bhd has revealed a draft version of its road map for electrification that included hybrid, plug-in hybrid EVs, and full battery EVs.
The exemption of duties on parts for EVs would stimulate local EV production, as automakers that are already based in Malaysia are incentivised to electrify their model line-ups, it said, adding that the move would also attract new carmakers into the market.
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