Only 274 EVs sold in Malaysia in 2021 – big jump for electric vehicles expected in 2022 as tax-free era starts


There have been quite a lot of speak about electric vehicles (EVs) even earlier than the federal government introduced duty-free incentives for battery-powered cars in Budget 2022, however do you know that solely lower than 300 EVs have been sold in 2021?

In at this time’s 2021 annual overview digital press convention, Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad revealed that simply 274 models of recent EVs have been registered final 12 months. That’s minuscule when you think about that last year’s total industry volume (total sales) was 508,911 units.

However, we’re set to see EV numbers go up by a good bit this 12 months as Budget 2022 incentives kicks in. “For 2022, it will be alot higher as a lot of companies are bringing in EVs because of the tax exemption. We don’t have the percentage but it will be very much higher,” Aishah mentioned.

“For EVs, since the government announced the exemption on excise duty, import duty and sales tax, there have been a lot of interest in EVs and bringing in EVs. The government itself, as far as I know, they’re ramping up the policies to make sure that there will be more EV production in Malaysia. There’s a great deal of emphasis of EVs now,” she added.

The authorities’s final intention is to have automotive firms arrange EV bases in the nation, and Aishah mentioned that the tax exemption opening transfer has triggered many to take a seat up and take discover.

“As far as policy (is concerned), the very fact that they announced tax exemption for EVs has stimulated OEM interest to come and invest in Malaysia. There have been a lot of questions and requests from many companies to come and invest in EVs in Malaysia. I’m told that the government is very serious in making sure that EVs will be the future of the type of vehicles to be implemented in Malaysia,” she mentioned.

“We think that the incentive for CBU EVs for two years is a bit of a short timeframe, and we will request the government to consider extending it in some form or another. But it is a good start. For CKD operations, there are some members who are already talking about producing EVs in CKD form in Malaysia,” the MAA chief added.

Curious about EVs and need to reap the benefits of this restricted-time tax-free window? Check out our buying guide of all the pure EVs currently sold in Malaysia, and what’s coming soon this year.

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