More electrified vehicles were displayed at Malaysia Autoshow 2024

The record number of new electric vehicles displayed at the Malaysia Autoshow 2024 which was held recently  signals strong investor trust and a highly competitive market, according to the  Malaysia Automotive, Robotics, and IoT Institute (MARii). This benefits consumers, marking a promising indicator for the future of Malaysia’s mobility landscape.

At the event, there were 47 product launches which included new EVs and electrified models from different brands such as smart, NETA, GAC AION and even a prototype EV by Perodua. This surge in new models signals strong trust among global automotive manufacturers in Malaysia, ultimately promoting healthy competition, driving innovation, and offering more choices in the market.

This year’s event saw an increase in the display of xEV models, which accounted for 50% of the vehicles showcased. The strategic focus on EVs further underscored the strength of the local automotive sector, which is bolstered by robust policies such as the National Automotive Policy 2020 (NAP 2020) and the New Industrial Master Plan 2030 (NIMP 2030).

The Autoshow’s alignment with these policies highlights Malaysia’s strategic direction in creating an environment conducive to the ecosystem and the growth and development of EVs, Next-Generation Vehicles (NxGV), and Energy-Efficient Vehicles (EEV).

Malaysia Autoshow 2024 records RM1.4 billion in potential sales