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Malaysia Targets to Become a Regional EV Hub by 2030
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The aim of this study is to provide a strategic assessment of the eMobility sector in Malaysia in the context of electric vehicle developments in Southeast Asia between 2017 and 2022. The Malaysian EV market is currently in the very initial stages of growth. However, the Malaysian Government's EV policies and continuation of new model launches contribute to EV market growth in the country. The government targets Malaysia to be a significant participant in the regional electric mobility market after 2030. However, factors such as high price, low infrastructure availability, and technological limitation remain the deterrents to the growth of the EV industry in Malaysia. This study traces and describes in detail these trends and developments that are expected to affect and influence the market during the period. It also attempts to forecast the likely demand for EVs in an optimistic scenario, a realistic Frost & Sullivan scenario, and a conservative scenario. The RS also discusses the profiles and company background of a few key stakeholders in the EV market in Malaysia that are expected to influence the market during the forecast period. This RS includes an executive summary, research scope and methodology, electric vehicles—introduction, electric vehicles in ASEAN, electric vehicles in Malaysia—objectives and policies, electric vehicles in Malaysia—market overview, infrastructure overview, stakeholders and profiles, key drivers and restraints, future outlook, growth opportunities and companies to action, conclusions and key takeaways.
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Author: Dushyant Sinha
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