- Malaysia’s EV market slows
- Consumers worry about charging and costs
- Chinese brands gain traction despite trust issues
Charging anxiety puts the brakes on
Malaysia’s electric vehicle (EV) market is experiencing a slowdown despite growing interest from consumers. A recent EY Global Mobility Consumer Index report reveals that 25% of Malaysians are considering purchasing an EV, driven by rising fuel costs and environmental awareness. However, concerns about charging infrastructure and maintenance costs are hampering widespread adoption.
Home is where the charge is
The report highlights a critical need for improved charging infrastructure to boost consumer confidence. Many EV owners prefer home charging, citing higher satisfaction rates compared to public charging options.
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Issues like finding available chargers, long wait times, and public charging costs remain significant deterrents for potential buyers.
Chinese brands rev up, but trust issues linger
Chinese EV manufacturers are making inroads in the Malaysian market, with two brands now ranking among the top 10 new car registrations. However, generational differences in attitudes persist.
Older consumers prioritize value for money when considering Chinese EVs, younger generations express concerns about brand trust and prefer established manufacturers.
