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20 percent of vehicles sold in Malaysia are EV as of 2030 – Tengku Zafrul

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The government has set a national target where 20 percent of Malaysia’s annual new car sales will consist of electric vehicles (EV) by 2030, 50 percent by 2040, and 80 percent by 2050.

According to the Minister of Investment, Trade, and Industry (MITI) Tengku Datuk Seri Zafrul Abdul Aziz, this is to accelerate the National Automotive Transition Plan (NETP) launched in August this year.

“MITI’s commitment to propel Malaysia forward in the electric vehicle revolution can be seen through the National Automotive Policy 2020 (NAP2020).

“NAP2020 provides the local automotive industry with a clear direction for future readiness, through the development of next-generation vehicles including energy-efficient and environmentally friendly EVs,” Zafrul said.

Meanwhile, Malaysia has recorded strong growth in EV sales every year, and the government is optimistic that this positive momentum will continue until the end of 2023, according to Zafrul.

So far, Malaysia has registered over 100,000 electric vehicles.

“More than 12,000 battery electric vehicles (BEVs) have been registered since 2011, with the number of BEVs registered just this year alone exceeding 9,000 units,” he said in his speech at the early launch of the Malaysia Autoshow 2024 (MAS 2024) recently.

For the first 10 months of 2023, Malaysia’s vehicle sales recorded strong growth, increasing by 11.6 percent to nearly 647,000 units.

Tengku Zafrul said he believed that electric vehicles would be a catalyst for Malaysia’s manufacturing industry exports.

“Therefore, there is great potential in next-generation vehicles that require more components, for example, semiconductor composites, chip components in today’s cars, and even hybrid cars contain around 1,500 chips in a single car,” he said.

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