INTERACTIVE: Surge in CBU EV registrations as tax holiday nears end

By SHYAFIQ DZULKIFLI

PETALING JAYA: Sales of fully imported fully electric vehicles (EV) has jumped by 33% last month compared to others as customers rushed to beat the EV tax holiday deadline on December 31.

The complete built-up (CBU) EV car tax exemption, which ends after Dec 31, 2025, was first announced in the Budget 2022.

Also announced in the Budget was a road tax exemption for all EV cars - both CBU and complete knocked down (CKD) - which also expires after Dec 31, 2025.

Beginning Jan 1, all EV vehicles will need to pay road tax, calculated on the car's power output.

Currently, all EVs in Malaysia enjoy full exemptions on import duty, excise duty, and road tax, although they remain subject to sales tax.

According to data from the Malaysian Road Transport Department, CBU EV registrations surged to an all-time high of 4,282 units in November, the highest monthly figure recorded since 2000.

This was a sharp rise from 3,211 units in October and marked the fourth straight month of growth since August, when registrations stood at 2,557 units.

For CBU EV models, Tesla’s Model Y recorded the largest jump, with registrations soaring from 246 units in October to 810 units last month — an increase of 564 units. 

It was followed by the Tesla Model 3, which increased by 417 units, and the BYD M6 with a 59-unit rise.

In terms of overall electric car registrations in Malaysia, November saw a 24.7% increase, with total registrations reaching 5,417 units compared to 4,345 units in the previous month. 

Among carmakers, BYD registered the most EVs with 1,705 units, followed by Tesla at 1,301 units and Proton at 830 units. 

Perodua has launched its first-ever electric vehicle, the QV-E, with a total of 18 units registered in November.

At the model level, Tesla Model Y topped the chart with 810 units, followed by Proton e.MAS 7 with 786 units and Tesla Model 3 with 491 units.

Presently, five manufacturers have CKD facilities for EV cars, namely Proton, Perodua, Volvo, Chery, and Mercedes-Benz.

In addition, MG, Xpeng, BYD, Zeekr, iCaur, Leapmotor, TQ Wuling have also announced plans to set up CKD facilities in Malaysia next year.

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