There have been 30.4% extra electrified automobiles (xEVs) bought in Malaysia in 2024 versus 2023, funding, commerce and trade minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz has mentioned, in line with The Star.
He added that the 46,239 xEVs bought – comprising hybrids (HEV), plug-in hybrids (PHEV) and battery-electric automobiles (BEV) – made up 5% of all passenger automobile registrations final 12 months.
“Primarily based on the 2023-2024 tendencies, the federal government expects the cumulative variety of xEVs on the street to achieve no less than 400,000 passenger and business automobiles by 2030,” he mentioned yesterday in a written parliamentary response to Stampin MP Chong Chieng Jen‘s question on the federal government’s EV promotion plans.
Malaysia targets passenger and business xEVs to make up 20% of annual gross sales by 2030, 50% by 2040 and 80% by 2050, Zafrul mentioned.
In one other response to Tebrau MP Jimmy Puah Wee Tse, he mentioned 119,000 xEVs have been registered in Malaysia as of December 31, 2024, and there are 3,611 public EV chargers within the nation, together with 1,095 DC and a couple of,516 AC (up from 956 DC + 2,398 AC = 3,354 chargers in November 2024)
“The federal government has additionally maintained the goal to supply 10,000 EV charging services by 2025, comprising 8,500 AC chargers and 1,500 DC chargers,” Zafrul mentioned, including that fully-imported (CBU) EVs are freed from import and excise duties till end-2025, and till end-2027 for locally-assembled (CKD) EVs. The beginning of focused RON 95 petrol subsidies in mid-2025 may additionally enhance xEV adoption, he additionally mentioned.
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