– 10,159 units sold in 2023, up 286% vs 2022; hybrid sales also increased by 40%We’re back from the Malaysian Automotive Association annual briefing and have some big figures to share. Last year was anotherThis 11% growth to beat the previous record was propelled mainly by the passenger car sub-segment, amid a resilient domestic economy and a very much stable socio-political environment, the auto club said in a statement.
Last year, xEV sales jumped 69% from 22,619 units in 2022 to 38,214 units, making up around 5% of the 2023 TIV. Of this total, 28,055 units were hybrids while 10,159 units were battery electric vehicles. That means the year-on-year growth for hybrids is 40%, while EV growth is a massive 286% fromMAA says that its sales data are only from the association’s members.
For 2024, MAA believes that the xEV demand and interest will continue to grow thanks to government support to promote the use of these ‘greener’ cars, as well the introduction of more new xEV models. MAA president Mohd Shamsor Mohd Zain said that this year, the forecast is for xEVs to contribute 9-10% of TIV, and 2% for full EVs. Based on MAA’s 2024 TIV forecast of 740,000 units, that would be up to 74,000 units for xEVs and 14,800 units for EVs.Danny Tan loves driving as much as he loves a certain herbal meat soup, and sweet engine music as much as drum beats. He has been in the auto industry since 2006, previously filling the pages of two motoring magazines before joining this website.
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