Malaysia Imposes Minimum Price and Power Requirements for Imported EVs Starting July

Starting July 1, Malaysia has implemented new regulations for imported fully built-up (CBU) electric vehicles, requiring the declared cost, insurance, and freight (CIF) price to be no less than MYR 200,000 and the motor power to be at least 180 kW. Since the final retail price must include additional taxes, operating costs, and profit margins on top of the CIF price, the actual selling price will be significantly higher than MYR 200,000 (approximately RMB 330,000). This policy curbs the price competitiveness of value-oriented EV models, potentially weakening the market position of affected automakers in Malaysia, increasing vehicle purchase costs for consumers, and consequently slowing the adoption of electric vehicles in the country.