https://www.marketing-interactive.com/Budge...ew%20incentives


This post has been edited by EnergyAnalyst: Oct 18 2023, 02:20 PM

https://theedgemalaysia.com/node/687048

Hope things work out since it is still pretty much just MOUs

https://soyacincau.com/2023/10/30/soyacinca...t-2023-edition/

Good link...Thanks to good work from soyacincau

https://soyacincau.com/2023/11/08/maxus-mif...ia-specs-price/

Maxis mifa 9

May you live long like cat with 9 lives

Based on Road Transport Department (JPJ) data, there were 44,813 electric vehicles (EVs) registered in Malaysia by the end of December 31, 2025.

Following a surge in early 2026, where nearly 10,000 new EVs were registered in just the first two months, the total number of EVs on the road as of late March 2026 is estimated to be over 54,000.

Key statistics as of March 2026:

Total Cumulative EVs: Over 54,000 based on end-2025 data + Jan/Feb 2026 registrations.

2026 Performance: In February 2026, 3,635 new EVs were registered, and for the first two months of 2026, 9,874 EVs were registered, showing a 156.4% year-on-year increase compared to early 2025.

Market Growth: EV adoption continues strongly in 2026, accounting for 7.9% of all new vehicle registrations in the first two months, despite the end of tax incentives for fully imported CBU units.

Top Brands (2025–2026): BYD is the top brand as of late 2025, but Proton is leading sales in early 2026 with the e.MAS 5 and e.MAS 7.

This indicates significant growth from the 21,789 EVs registered in 2024, despite the ending of tax exemptions for imported EVs on December 31, 2025.

And, now fuel cost is going through the roof

https://www.businesstoday.com.my/2026/03/29...om-petrol-cars/

BYD Malaysia Sees EV Boom As Fuel Costs Drive Buyers Away From Petrol Cars

Rising fuel prices and geopolitical uncertainties are accelerating Malaysia’s shift toward electric vehicles (EVs), with BYD and DENZA reporting stronger enquiries and growing buyer interest.

According to BYD Malaysia Sdn Bhd Managing Director Jacob Ma, Malaysians are increasingly focusing on total cost of ownership, energy efficiency and long-term predictability rather than just the upfront price.

“This is translating into more serious consideration from customers who may not have looked at EVs before,” Ma told BusinessToday, while highlighting that the trend is visible across both BYD and DENZA models, as consumers rethink mobility amid external pressures and soaring fuel costs.

However, Ma said BYD Malaysia sees this as more than a sales opportunity.

“It’s a chance to strengthen confidence in the EV ecosystem through the right product mix, reliable aftersales and attractive ownership packages.

“Because our end goal is to make switching to EV not just aspirational but practical, supported and achievable,” he added.

Meanwhile, he revealed that with government incentives for fully imported EVs gradually phasing out, some price adjustments have become inevitable.

“DENZA Malaysia’s 2026 D9 range has already seen roughly a 15% increase, with the D9 Advanced front-wheel-drive starting at RM299,000 and the D9 Premium all-wheel-drive from RM355,000.

“BYD models are under continuous review to remain competitive, reflecting the company’s focus on long-term ownership value rather than just sticker price,” he said.

Ma explained that any pricing moves are model- and brand-specific, not blanket changes.

“Beyond pricing, we’re offering financing support, trade-in programmes and enhanced ownership packages to ease the impact on customers,” he said.

As Malaysians rethink mobility choices, Ma emphasised that BYD Malaysia’s approach is simple —combining competitive pricing, practical ownership solutions and strong aftersales.

“This positions the company to capture the growing EV demand while supporting the nation’s transition toward cleaner, more efficient transportation,” he said.

you forgot to also tag on the news where byd is second guessing their decision to set up plant here because of the proposed 200k minumum selling price for ckd EV....

"Good" job for the policy makers in creating policies that push car makes away from malaysia in the name of protection of local players (proton/perodua)....

Best part is that even geely is not enthusiastic in expanding manufacturing operations here and rather invest more in thailand

Forget about it just like Wawasan 2020.

Move on.

I think will hit 100k units of EV long before the end of this year.

No worries

MITI has to review and is now reassessing the floor price policy to reinforce local assembly activities and ensure that prices of imported CBU vehicles are more closely aligned with market conditions.

Policy needs to change along with macro economy conditions changes.....

So stay tune

https://www.thestar.com.my/news/nation/2026...-local-assembly


Turned out MITI has come out to clarify

https://theedgemalaysia.com/node/798058



This post has been edited by EnergyAnalyst: Apr 1 2026, 08:21 AM

no clarification on the 80%/20% allocation export/local sales also....and quite confusing and unfair as existing already built doesn't seem to be under this rule (or not properly clarified, again)....

still want to protect local players for what....cannot make it means cannot make it after so many decades, let the people from the automotive industry go work in the industry that they can derive better value to the overall economy, this automotive industr is taxing the whole country just to support these folks, yet not building meaningful and worthy automotive industrial prowess, so far behind thailand

no matter how, there is no way we can reach the economies of scale with so many car makes unless all consolidate into a very select handful of production sites where different brands are assembled within the same premise...xiaomi one company in china itself can produce our malaysian vehicle TIV, imagine the scale gap and how much inefficiencies at manufacturing level (before our new level of bureaucracy cost)

this oil shock still didn't give the policy makers the shock they require to further reduce combustion vehicles? at least extend tax free to ckd till end of decade to show a little bit more sincerity to the foreign car makes

This post has been edited by wkc5657: Apr 1 2026, 09:58 AM

to be fair, hear it out from Federation of Malaysian Manufacturing (FMM) 's president, as well as an economist.....Surely our government cannot simply ONLY just look at buyer's interest, right?

https://www.freemalaysiatoday.com/category/...ndustry-players

the local automotive industry has more than 40 years of protection alongside high pricing, and yet till today they still can't meaningfully go up the value chain or have a really competitive product unless rebadged from someone's product....

why thailand able to even though their nation still can't have a good command of english?

the automotive scene in malaysia seems too fragmented, too many selfish interests and cronies to take care, inconsistent and no consistent grand automotive framework wtih stable consistent incentive to invest on.....observe the news, even geely seemed to want to invest more into thailand than properly developing tanjung malim.....yes it is 700k workers strong, but at what cost to car buyers here in malaysia?

i hazard guess they have a slight regret of buying over proton now, got a baggage and reduced flexibility in terms of product planning and marketing....imagine if geely come in as geely instead of through the shell of proton, whatever geely based rebadged models will at least be 10% lower priced than what we have to pay now. These 700k workers, if they work in other more productive industry, the overall economic fruits will be larger instead.

just look at the factory floor of proton or the various ckd partner's production floor compared to china's, the difference is appalling....this country don't need a national car champion, we just don't have the industrial scale and further handicapped by the inherent local automotive scene....we should've focused on certain automotive components or maybe like a bespoke boat making industry sort of thing where there is lesser competition but good margin.

For example, since we are a rubber producer, why we couldn't have a world class tyre company instead? (thank God that we have some visionary folks that make the glove industry juara dunia using rubber based input) Or become a hub for biodiesel or palm based bio lubricant champion since we also one of the prominent producer of palm oil in the world? Or maybe focused on producing really good 12v automotive batteries then?

This post has been edited by wkc5657: Apr 4 2026, 12:51 AM

good read

https://www.reccessary.com/en/news/malaysia...tion-investment

Can Malaysia localize its EV supply chain while sustaining market growth?

come to think of it.....

MITI/JAG, why the heck can there be budget EV from wuling below RM100k and toyota recently launched EVs that are CBU are priced below RM250k? What sort "bespoke" policy when you say it is consistent across players? Why so much speak of supporting local automotive industry and have the guts to arrive in your guzzler range rover guzzler?

After some weeks of observing BYD's 2nd gen blade battery, their new seal 08/sealion 08 series, and the soon to be release Formula S series and X; while comparing against the latest announcement of battery taikor CATL regarding their new batteries. The biggest difference will be that BYD has both the capability, readily available products to implement and to close the loop, their in house flash charging infrastructure. While CATL is only promoting what they have without definite announcement of brand/models using these new batteries. There is a minimum 6 months to align and tool the car makes with CATL products and by that time, BYD already have a solid footing in this new phase of the race. Curious to wait what geely goona cook up in the weeks to come....

I guess a lot of our policy makers have no idea or choose to ignore the brevity of BYD is. BYD this entity itself, is already the whole of ecosystem of Tanjung Malim and even more. They can in house source pretty much the whole car instead of relying on external suppliers (i remember the one of the major exception was glass). They have already agreed to bring in a portion of R&D and willing to cooperate with local automotive suppliers to up our backward supply chain game. And yet, we set up such sick hindrance because of "protection of our automotive industry?

If the restructuring and rebadging exercise of proton (through geely) is already jaw dropping in our eyes.....what more if BYD joins in the fray to stir up the automotive scene here....We are seriously losing a lot.....

Anyway, here's an idea. Since proton is mistress to geely; wanna make way to let perodua hook up with BYD (like how they are now with toyota group on combustion cars? Even toyota licensed byd's hybrid tech leh.....

Aiya....bring on some of the car price wars that are happening in China, we badly need that....

This post has been edited by wkc5657: Apr 28 2026, 11:07 AM

It is not yet end of tunnel however it will turn out.

Perak government seems to be optimistic. Don't know why....

https://www.nst.com.my/news/nation/2026/04/...estment-inflows

This post has been edited by EnergyAnalyst: Apr 28 2026, 01:20 PM

https://theedgemalaysia.com/node/802523

Malaysia raises entry bar for imported EVs from July 1, sets RM200,000 minimum price threshold



This post has been edited by EnergyAnalyst: May 7 2026, 12:13 AM

If the trajectory continue for e.Mas 5 at 8400 units sold for 4 months, just this models alone will be adding 25,000 EV in 2026 alone .

This excludes pure BEV e.MAS 7 numbers which is about 600 per month or 7,000 per year.

With that I foresee the 100,000 EV numbers are within reach by next year.

This post has been edited by EnergyAnalyst: May 7 2026, 07:25 AM

CIF 200k means sticker price at buyer end will be more than 250k if include all other local costs plus their earnings margin....

"Industry projections suggest that a hypothetical EV with a minimum CIF value of RM200,000 will see its cost rise to approximately RM286,000 after taxes, even before accounting for distributor margins and logistics.

For vehicles imported from non-Free Trade Agreement (FTA) countries, retail prices are expected to start between RM300,000 and RM350,000.

Even for models originating from FTA partners like China, which benefit from a lower 5 per cent import duty, the mandatory RM200,000 floor means showroom prices are unlikely to fall below the RM250,000 mark."

This was what malaymail reported further into details :
https://www.malaymail.com/news/money/2026/0...re-taxes/218930

current oil shock still didn't shock them enough to push more vehicles towards new energy non combuistion enginers.....

This post has been edited by wkc5657: May 7 2026, 09:48 AM

ICE car can be CBU from Thailand without these conditions, why the discrepancy against EV?