The Malaysian Automotive Association (MAA) has held a press conference, revealing the sales and production volumes of new motor vehicles for the first half of 2024 (1H 2024). From MAA’s stats, Malaysia has seen 6,617 units of full-electric vehicles (EVs) sold in 1H 2024, 112% or over two times higher than what was recorded in the same period last year.
In the whole of 2023, a total of 10,159 units of full EVs were sold. This signifies that sales of full EVs in 1H 2024 have already surpassed what was achieved in the entirety of 2023 by 65%. In fact, full EV sales in just the first half of 2024 have surpassed the whole of 2022 by over two times.
The total industry volume (TIV) of vehicles in Malaysia for 1H 2024 has been recorded to be 390,296 units. Full EVs alone have contributed to 1.69% of this figure. Full EVs and hybrid vehicles have recorded a total of 22,501 units of sales in 1H 2024 in Malaysia. This is 5.76% of the vehicle TIV figure for 1H 2024.
However, it has to be mentioned that the sales stats for EVs in Malaysia released by the MAA are figures from vehicle brands that are members of the MAA. Therefore this does not include Tesla, which isn’t a member of the association.
Looking at the Malaysian Administrative Modernisation and Management Planning Unit (MAMPU)’s data.gov.my portal, Tesla has registered a total of 3,079 cars via JPJ for 1H 2024. It needs to be stated that this is based on JPJ’s registration data and not Tesla’s production volume figures.
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MAA says that multiple factors, including the introduction of many new EV models in Malaysia throughout the first half of the year, have contributed to the hike in full EV sales. Brands such as BMW, Mercedes-Benz, Audi, MG, BYD, and GWM have launched their respective full EV models here in Malaysia since the start of the year, expanding customers’ choices when shopping for EVs, thus aiding in the increase of EV sales numbers in the country.
The Malaysian Government is also sticking to the goal of achieving 10,000 public EV chargers in Malaysia by 2025. This should help in encouraging the adoption of EVs.
The government’s plan to remove subsidies for the RON95 fuel should theoretically contribute to the hike of EV and hybrid sales too, as more consumers decide to make the switch to pure combustion engine vehicles due to higher gasoline prices. However, the government has yet to reveal how the removal of the subsidy will take place, and what mechanism will be utilised for the implementation of the targeted subsidy for the RON95 fuel.
RELATED: MAA: 799,731 vehicles sold in Malaysia in 2023, 11% up from 2022
