Malaysia’s EV import curbs to protect local car sector criticised for inconsistency

Malaysia’s nascent electric vehicle market may be decimated before it gets up to speed, as business experts warn of a sharp drop in demand and delay in the renewable energy transition if the government imposes strict price curbs on imported units from July, in a move to protect the country’s vehicle makers. The ministry of investment, trade and industry (Miti) on Wednesday announced that from July 1, it will only allow the sale of imported EVs that have a cost, insurance and freight (CIF) value...