EV floor price policy under review
The Malaysian government is reviewing its floor price policy for fully imported electric vehicles to strengthen local assembly activities. The policy, which sets a minimum price of RM250,000 for imported electric vehicles, aims to support the local automotive sector and make electric vehicles more accessible and affordable to Malaysians.
Malaysia's Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani announced a review of the floor price policy for fully imported electric vehicles. The policy sets a minimum price of RM250,000 for imported electric vehicles. The goal is to strengthen local assembly activities and support the local automotive sector. The floor price policy was introduced to manage imports and stimulate consumer demand for electric vehicles. Local manufacturing and assembly are the government's long-term strategy for making electric vehicles more accessible and affordable. The review aims to ensure that pricing is driven by market forces.
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