Although the full duty exemption for electric vehicles (EVs) began last year, the sales were slow as the incentive was announced by the government only towards the end of 2021. As a lot of production planning and ordering had already been done by many carmakers, the sudden demand from Malaysia was difficult to meet right away in 2022.
However, 2023 should see acceleration in EV sales as the car companies would now have secured larger allocations and stocks are arriving constantly. An indication of this is the announcement by Sime Darby Motors that it has sold and delivered 1,000 units of the BYD ATTO 3 in 100 days.
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