During the announcement of the new EV plate in Malaysia, Minister of Transport, Anthony Loke announced that 12,850 units of fully electric vehicles (EVs) sold for the first half of 2024 (1H 2024). The figure represents a 150% increased compared to the 5,131 units for 1H 2023. These figure include commercial vans/trucks and reconditioned vehicles, not just of new passenger vehicles.
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 26%. In fact, full EV sales in just the first half of 2024 have surpassed the whole of 2022 (2,631 units) by over two times.
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, GWM, and Hyundai have launched their respective full EV models here in Malaysia, expanding customers’ choices when shopping for EVs, thus aiding in the increase of EV sales numbers in the country.
The total industry volume (TIV) of vehicles in Malaysia according to Malaysian Automotive Association (MAA) for 1H 2024 has been recorded to be 390,296 units. Back in July, MAA announced that 6,617 units sold are not including the Tesla models. 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. Full EVs alone have contributed to 1.69% of this figure.
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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.
