New energy vehicle penetration in Malaysia up 3.4% y-o-y to 13,753 units, says Proton

New energy vehicle penetration in Malaysia up 3.4% y-o-y to 13,753 units, says Proton

09 Nov 2022

A study by Proton Holdings Bhd has revealed that new energy vehicle (NEV) penetration in Malaysia increased 3.4% year-on-year (y-o-y) to 13,753 units in January to August 2022, compared with the same period last year.

Proton deputy chief executive officer Roslan Abdullah said on Wednesday (Nov 9) that battery electric vehicles (BEVs) in Malaysia accounted for 1,026 units or 7% of the total NEV units.

He was a speaker at the Invest Malaysia 2022 Series 2: The Road to EV jointly organised by Bursa Malaysia and Macquarie Group held at Bursa’s headquarters in Kuala Lumpur.

During his presentation, Roslan also indicated that hybrid energy vehicles (HEVs) accounted for 9,170 units or 67% of total NEV units.

“HEVs remain popular but BEVs are improving traction in the market,” he said.

Meanwhile, Roslan stated that the plug-in hybrid electric vehicles (PHEVs) constituted the remaining 26% or 3,554 units of total NEV units.

Comparably, he said Thailand has had a total of 55,540 NEV units year-to-date, comprising 77% HEVs, 15% PHEVs and 8% BEVs.

Roslan said that Malaysia’s top BEVs are still premium electric vehicle (EV) models but Thailand’s BEVs are entry-level EV models.

Proton plans to launch and produce its own EV by 2027. Roslan said that Proton is looking to attract foreign vendors focusing on EVs to Malaysia to help Proton develop a national EV.

Source: The Edge Markets