Electric Vehicle Market Penetration In Malaysia Expected To Reach 2% By The End Of 2024



Edaran Otomobil Nasional (EON) is now targeting the penetration rate of electric vehicles in the Malaysian market expected to reach up to 2% by the end of 2024. As of June 2024, it is said that electric vehicles have reached 1.5% market share in Malaysia.



The figure is expected to continue to increase, in line with the introduction of new vehicles for the local market, not to mention the introduction of a local model by Proton, namely the upcoming Proton e.MAS 7.


EON stated that several things contributed to the increase in the use of electric vehicles, in line with the increase in knowledge related to electric vehicles, in addition to access to vehicle charging stations, and also longer driving distances compared to the past few years.

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