According to the latest JPJ data published on Malaysia’s Open Data platform, a total of 1,569 electric vehicles (EV) were registered in the month of October 2024. This is equivalent to 2.09% of total vehicle registrations (75,044) in October.
For the year to date (January to October 2024), a total of 17,403 EVs have been registered, versus 13,301 total EVs registered for 2023.
Although the recent monthly EV registrations appear to be stagnant, the total number of EVs registered this year is expected to exceed the 20,000 mark.
BYD Atto 3 most popular EV in Malaysia for October, XPeng and BYD M6 among Top 5 EVs
Last month, the most popular EV was the BYD Atto 3 with 205 units, followed by the Tesla Model 3 with 191 units and the BYD Seal with 143 units. The XPeng G6 and BYD M6 entered the top 5 list for the first time with 119 and 100 units registered respectively.
Priced from RM165,800, the XPeng G6 is currently the most affordable EV in Malaysia with an 800V architecture that can do DC fast charging up to 280kW (for Long Range model).
Meanwhile, the BYD M6 is Malaysia’s most affordable fully electric 7-seater MPV with a price starting from RM109,800.
BYD remains the most popular EV brand in Malaysia for 2024
BYD remains the top EV brand in Malaysia, followed by Tesla. The Chinese EV brand has registered a total of 2,559 Atto 3, 2,543 Seal and 1,297 Dolphin this year alone. This is followed by the Tesla which officially sells just two models. There are 2,470 Model 3 and 2,070 Model Y registered in Malaysia this year.
Other Chinese brands are also maintaining their foothold with the GWM having registered 522 units (Good Cat and 07 combined), Chery with 510 Omoda E5, and SAIC Motor having registered 394 MG4s. Other EVs among the top 10 list include Smart with 510 units (Smart #1 and #3 combined) registered.
BMW remains the most popular premium brand this year with a total of 410 i5s, 352 iX2, 253 Mini Countryman and 218 i4 units registered.
Upcoming EV launches in Malaysia for 2024
The final two months of 2024 would be interesting to watch with the arrival of the BYD Sealion 7, Proton e.MAS7, Zeekr X and Zeekr 009. All four models are now available for booking at their respective dealerships.
The BYD Sealion 7 is essentially a BYD Seal in a practical SUV body and we reckon it would be priced from under RM200,000 if it is offered in a single-motor RWD variant.
The Proton e.MAS7 would be the national carmaker’s first-ever EV which is set to launch in December with an estimated pricing of RM120,000. Meanwhile, the Zeekr X and Zeekr 009, are expected to launch by the end of this month with an indicated maximum pricing of RM180,000 and RM370,000, respectively.
Several brands have also kicked off year-end promos and incentives to boost EV sales. SAIC Motor Malaysia is offering rebates of up to RM26,000 off, and customers can now get an MG4 and MG ZS EV from under RM100,000. Tesla Malaysia has recently announced its EV Switcher Program which provides extra RM10,000 off for the Model 3 and Model Y when you trade-in your petrol or diesel vehicle.
