Malaysia Electric Commercial Vehicle Market 2024-2030
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Malaysia Electric Commercial Vehicle Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

MALAYSIA ELECTRIC COMMERICAL VEHICLE MARKET

 

INTRODUCTION

Malaysia's National Automotive Policy was formed, and it began emphasizing on energy-efficient vehicles (EEVs) (NAP). The policy's objectives were to create a competitive domestic vehicle sector, establish Malaysia as a regional EEV hub, and increase value-added operations in a sustainable manner.

 

To provide varied incentives, grants (for research and development as well as training) and infrastructure facilities are utilized. In Malaysia, the growth of the electric car market is impeded by a lack of consumer awareness and inadequate charging choices. 

 

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MALAYSIA ELECTRIC COMMERICAL VEHICLE MARKET DEVELOPMENTS AND INNOVATIONS

 

S NoOverview of DevelopmentDevelopment DetailingRegion of DevelopmentPossible Future Outcomes
1BYD T3 EV van to enter Malaysian commercial vehicle sceneCSH Alliance and BYD Malaysia have signed an electric vehicle memorandum of understanding.MalaysiaThis would enhance better Technological Controls
2DongFeng puts a spark into electric commercial vehicle marketThe smaller players in the automobile business are the ones who are ready to venture outside of their comfort zones in search of fresh opportunities.MalaysiaThis would enhance better Technological Controls
3QC Fleet launches first commercial electric van in MalaysiaThe car is expected to save 33 percent on annual maintenance and more than 78 percent on daily fuel costs.MalaysiaThis would enhance better Technological Controls
4From RM 130k, Malaysia’s first EV van is the CAM EC35The CAM EC35 is Malaysia's first completely electric (EV) van to hit the market.MalaysiaThis would enhance better Technological Controls

 

COMPETITIVE LANDSCAPE

The Malaysian administration's EV legislation, as well as the continued introduction of new models, contribute to the country's EV market growth. Malaysia's government wants to be a prominent player in the regional electric transportation market by 2030.

 

However, factors such as high cost, limited infrastructure, and technology limitations continue to stymie the EV industry's progress.It was also discovered that in an optimistic, realistic, and cautious scenario, there is a likely demand for electric vehicles.

 

CAM is a leading mobiliser of the various explorer oriented electric vehicle manufacturer requirements in the market. The CAM EC35 is effectively a rebranded variant of the DFSK model with the same name. It will be the first model in the CAM EV Line Up, and other pure electric vehicles, notably in the commercial category, are in the works.

 

It has a 38.7-kWh lithium-ion phosphate battery and a WLTP range of 268 kilometers. In terms of DC fast charging, the highest charging rate is 40 kW, which takes 80 minutes to charge from 20% to 80%.

 

BYD Inc. has been one of the most advanced solution provider in the used car requirements. The BYD T3 is a stationary electrical van with a load capacity of 3,800 liters and dimensions of 4,460 mm long, 1,720 mm wide, and 1,875 mm tall.

 

It's driven by an AC permanent magnet synchronous motor with 134 horsepower (100 kW) and 180 Nm of torque, and it has a top speed of 100 km/h.The motor is a 50.3 kWh proprietary BYD lithium-ion NCM battery, which gives the van a range of up to 300 kilometers on a single charge. 

 

COMPANIES PROFILED

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix