Automation

EV gross sales in Malaysia – 10,159 items offered in 2023, up 286% vs 2022; hybrid gross sales additionally elevated by 40%

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EV sales in Malaysia – 10,159 units sold in 2023, up 286% vs 2022; hybrid sales also increased by 40%

We’re again from the Malaysian Automotive Affiliation (MAA) annual briefing and have some large figures to share. Final 12 months was one other file 12 months for the automotive business with 799,731 items offered. This practically 800k complete business quantity (TIV) comfortably beat the 2022 complete of 721,177, itself a file.

This 11% progress to beat the earlier file was propelled primarily by the passenger automotive sub-segment, amid a resilient home financial system and a really a lot steady socio-political atmosphere, the auto membership stated in a press release. One other set of eye-popping figures is from electrified autos, which MAA manufacturers as ‘xEV’. This contains hybrids and full EVs.

Final 12 months, xEV gross sales jumped 69% from 22,619 items in 2022 to 38,055 items, making up round 5% of the 2023 TIV. Of this complete, 28,055 items had been hybrids (BSG-type delicate hybrids are included) whereas 10,159 items had been battery electrical autos. Which means the year-on-year progress for hybrids is 40%, whereas EV progress is a large 286% from 2022’s 2,631 items.

EV sales in Malaysia – 10,159 units sold in 2023, up 286% vs 2022; hybrid sales also increased by 40%

Tesla shouldn’t be a member of the MAA and the EV figures right here don’t embrace late-2023 Mannequin 3s

MAA says that its gross sales information are solely from the affiliation’s members. New entrant Tesla isn’t an MAA member, so the precise progress for EVs would have been barely larger since Mannequin 3 deliveries began in late November.

For 2024, MAA believes that the xEV demand and curiosity will proceed to develop because of authorities assist to advertise using these ‘greener’ vehicles, as nicely the introduction of extra new xEV fashions.

MAA president Mohd Shamsor Mohd Zain stated that this 12 months, the forecast is for xEVs to contribute 9-10% of TIV, and a couple of% for full EVs. Primarily based on MAA’s 2024 TIV forecast of 740,000 items, that will be as much as 74,000 items for xEVs and 14,800 items for EVs.

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