EV Registrations in Malaysia Surge by 141.8% in H1 2024

Electric Vehicle (EV) adoption in Malaysia continues to surge, according to the latest data from the Road Transportation Department (JPJ) available on the government’s open data platform.
From January to June 2024, Malaysia saw 10,663 new EV registrations, marking a remarkable 141.85% increase compared to the same period last year, which recorded 4,409 registrations. In all of 2023, a total of 13,301 EVs were registered.

In June, the top spots were dominated by BYD, with the BYD Seal leading at 343 units, followed closely by the Atto 3 at 290 units. Tesla’s Model Y and Model 3 followed in third and fourth place with 289 and 148 units respectively.
Notably, the affordable BYD Dolphin secured fifth place with 127 units registered last month. The Chery Omoda E5 moved up, overtaking the MG4, while the GWM Ora and Hyundai Ioniq 6 also made notable appearances in the top rankings.
BYD remains the leading brand with 4,368 units registered in the first half of 2024, trailed by Tesla with 3,079 units and BMW with 807 units. Other Chinese brands like Chery and GWM Ora are also gaining ground.
There is a discernible shift towards EVs over hybrids, particularly with recent trends indicating higher EV registrations compared to petrol hybrids. In June, EVs accounted for 3.12% of new vehicle registrations, just slightly ahead of petrol hybrids at 3.10%.
Overall, EV registrations are steadily rising, albeit still comprising a small fraction of Malaysia’s total vehicle registrations. With ongoing incentives such as tax breaks and road tax waivers for imported EVs until 2025, the government aims to stimulate further adoption despite current affordability challenges.
Looking forward, local manufacturers Proton and Perodua are expected to introduce more affordable EV options by 2025, contributing to Malaysia’s ambitious EV targets for 2030.