MITI is expected to raise the minimum price for imported CBU EVs to RM300,000 starting July 2026. This move aims to encourage local assembly and protect the domestic automotive ecosystem.

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The new rules could significantly affect brands like BYD, leading to lower sales volumes. Analysts warn that Sime Darby faces revenue risks as CBU import conditions become more stringent.

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Government officials clarify that not all EVs will become expensive. They emphasise that locally assembled CKD models will remain affordable, offering consumers viable alternatives in the market.

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The Works Ministry has introduced Malaysia’s first EV charging system guidelines. Meanwhile, EV registrations more than doubled in April 2026, surpassing 20,000 units in the first four months.

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1. What is the horsepower limit for CBU imports?

Under the new rules, imported EVs with 240hp and below will no longer be allowed into the market.

2. When do the new price rules take effect?

The minimum price hike for imported CBU vehicles is expected to commence starting July 2026.

3. Why is the government tightening these rules?

The policy forces foreign manufacturers to assemble EVs locally (CKD) or risk losing access to the Malaysian market.

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