Tax incentives power rising demand for zero emission cars

BYD’s B-segment all-electric Dolphin compact five-door hatchback

With government tax incentives, more public battery charging points for battery electric vehicles (BEVs) and accessibly priced new models, the adoption of such zero emission cars is expected to rise quickly in Malaysia in the next few years.

According to Malaysian Automotive Association (MAA) data, a total of 2,631 EVs were sold in Malaysia in 2022 - a tiny fraction of the automotive total industry volume (TIV) in the country, which hit a record high of 720,658 units last year.