EV demand seen to soar in 2023

“MAA believes we can reach this (Fitch Solutions’ forecast) sales in 2023, with the current tax incentives on completely knocked-down and completely built-up vehicles,” MAA's Aishah says.

KUALA LUMPUR: Demand for electric vehicles (EVs) is expected to grow sharply in 2023, due to tax incentives as well as potential launches of more accessibly priced EVs.

Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad noted that as at October 2022, a total of 2,093 units of EVs had been registered.