Increasing government support, increasing charging facilities and low maintenance costs will contribute to the growth of Electric Vehicles Industry in Malaysia: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Consumer preferences and buying decision behavior The electric vehicles market is at a very nascent stage. Public awareness needs to be strengthened to encourage more users to switch to EVs. This includes continuously raising awareness on the benefits of EVs – particularly about its range and reliability, ensuring the readiness of infrastructure, and promote benefits including the current incentives offered for electric cars & charging stations. Consumers started preferring and realized the need for an electric vehicle, especially 2W, when the mechanical shops were closed during COVID-19 lockdown in 2020. Consumers are thinking to shift to electric vehicles also because, during Budget 2022, the government proposed that EVs be completely exempt from import duty, excise duty and sales tax. EVs will also benefit from a road tax exemption of up to 100% under the proposal, while an income tax relief of up to RM2,500 will be provided on the cost of purchasing and installing, renting or taking up hire purchase facilities, as well as subscription payments of EV charging facilities. Competitive Landscape in Malaysia’s Electric Vehicle Industry Malaysia’s Electric Vehicle Industry is consolidated with presence of limited players for 2-wheelers as well as 4-wheelers in Malaysia. These players compete with each other on the basis of products offered, product quality, value added services, product pricing, its features, battery technology type, battery capacity, battery type, voltage type etc. All the electric 4-wheeler brands available in Malaysia are imported. Local 4-wheeler brands such as Proton and Perodua are yet to launch electric 4 wheelers in Malaysia. Companies like Eclimo has adopted a B2B model, where they rent/sell their electric 2-wheelers to corporates such as KFC. Renting electric 2-wheelers and 4-wheelers has been increasing in Malaysia. Impact of COVID-19 on Electric Vehicles Industry The COVID-19 pandemic had a negative impact on the market as manufacturing activities were on halt for several months in the first half of the year 2020. Also, the disrupted supply chain and the shortage of raw materials in the year 2021 had a negative impact on the growth of the market. Malaysia is along major sea trade routes and due to the lockdown and shutdown of countries, the sea trade has also come to a halt, stopping transport of vehicles across the world. However, the gradual opening of the market in the later stages of 2020 and 2021 has paved way for economic revival of the market. The Covid-19 pandemic also had a significant impact on household income according to a study conducted by the Department of Statistics. The Covid-19 impact study on household income in Malaysia for 2020 revealed that the number of poor households increased to 639,800 in 2020, up from 405,400 in 2019. This largely affected the sale of electric vehicles in Malaysia. The publication titled “Malaysia Electric Vehicle Market Outlook to 2026: Driven by government initiatives along with the need to curb vehicular emissions, and increasing charging infrastructure” provides a comprehensive analysis of the electric vehicles industry by analyzing historical statistics and corresponding developments in the electric vehicles market. The market growth declined during COVID as manufacturing activities were on halt and the supply chain got disrupted. Given the consolidated structure in the electric vehicle industry, analysts have elaborated on competitive landscape of major electric 2-wheelers and 4-wheelers player on the basis of models launched, product prices, technology type and other operational parameters. The report also covers a snapshot on players business model, value chain analysis, growth drivers, Porters 5 forces analysis, impact of COVID-19 and factors governing the future outlook of industry. The report also provides comprehensive insight on the market size and segmentation of the industry. The report highlights the pain points of the electric vehicles industry along with detailed company profiles of major electric 2-wheeler and 4-wheeler brands. The report concludes with projections for future industry market size, market segmentations and analyst take on future market scenario. Key Segments Covered in Malaysia Electric Vehicles Industry:- By Type of EV 4-wheelers 2-wheelers By Type of Electric 2-wheelers Electric scooter Electric motorcycle By Type of Battery Capacity for electric 2 wheelers <25Ah >25Ah By Battery Technology Type for electric 2 wheelers Removable batteries Non-removable batteries By Voltage Type for electric 2 wheelers 24V 36V 48V 60V 72V By Battery Type for electric 2 wheelers Lithium-Ion Sealed Lead Acid Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg0MjY1 By Brand of EV BMW Mercedes Benz Honda Volvo Hyundai Others By Type of EV Technology BEV HEV PHEV By EV Class Mid-priced Luxury Time Period Captured in the Report:- Historical Period: 2016-2021 Forecast Period: 2022F-2026F Malaysia Electric Vehicles Industry Players:- Electric 2 wheelers Eclimo Treeletrik NIU Electric 4 wheelers Honda BMW Mercedes Benz Volvo Hyundai Nissan Porsche Tesla KIA Mazda Audi Key Topics Covered in the Report:- Ecosystem of Electric Vehicles Industry Value Chain Analysis of Electric Vehicles Industry Business Models of Major Entities in the Electric Vehicles Industry Customer Preferences and Buying Decision Behavior in Electric Vehicles Industry Market Size of Electric Vehicles Industry by Transaction Value and Sales Volume Market Potential of Malaysia Electric Vehicles Market Market Segmentation of Electric Vehicles Industry by type of EV, type of electric 2 wheelers, type of battery capacity, type of battery technology, type of voltage, type of EV class, type of EV technology, by type of brands, by battery type Competitive Scenario of the Electric Vehicles Industry Issues and Challenges in Electric Vehicles Market Trends and Developments in the Electric Vehicles Industry Porter’s Five Forces analysis of the Electric Vehicles Industry Growth Drivers of Electric Vehicles Industry Challenges and Restraints in the Electric Vehicles Industry Government Rules and Regulations in the Electric Vehicles Industry Impact of Covid-19 and Government Regulations on Electric Vehicles Industry Future Market Size of Electric Vehicles Industry by Transaction Value and Sales Volume Future Market Segmentation of Electric Vehicles Industry by type of EV, type of electric 2 wheelers, type of battery capacity, type of battery technology, type of voltage, type of EV class, type of EV technology, by type of brands, by battery type Industry Speaks Analyst Recommendations Research Methodology For More Information on the research report, refer to below link:- Malaysia Electric Vehicle Market Related Reports:- UAE Electric Vehicle Charging Equipment Market Outlook To 2026: Driven By Government Support And Incentives With The Increasing Focus To Achieve Green And Sustainable Economy Sri Lanka, Bangladesh, Nepal and Bhutan Automotive (Light Vehicle, Heavy Vehicle, Two Wheelers, Taxi, Earth Moving Equipment, Power Tiller, Medium Vehicles, Heavy Buses, Tractor, Medium Buses, Electric Vehicle) Industry Outlook to 2025 Malaysia Electric Two-Wheeler Market Outlook to 2026: Driven by increase in awareness about alternative fuel, advancements in battery technology, and growing demand of two-wheelers in B2B Services Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Audi Electric 4 Wheelers Vehicle Market, Battery Capacity Malaysia Electric Vehicles Market, Battery Technology Malaysia Electric Vehicles Market, BEV Malaysia Electric Vehicles Market, BMW Electric 4 Wheelers Vehicle Market, BMW Electric Vehicles Market, Covid-19 Impact Malaysia Electric Vehicle Industry, Covid-19 Impact Malaysia Electric Vehicle Market, Eclimo Malaysia Electric Vehicles Market, Electric Vehicle Industry In Malaysia, Electric Vehicle Market In Malaysia, EV Range Malaysia Electric Vehicles Market, Evaluation Study Malaysia Electric Vehicle Market, Evaluation Summary Report Malaysia Electric Vehicle Market, Evaluative Survey Malaysia Electric Vehicle Market, 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