The report of Malaysia Electric Vehicle Market by Type (BEV, PHEV, HEV) and Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle) is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during a forecast period.
Key players operating in the Malaysia Electric Vehicle Market, BMW, Daimler, General Motors, Nissan, Ford, Renault, Rimac, Tesla Motors, Kia, Mitsubishi, Peugeot, Volkswagen.
A lack of awareness amongst buyers & restricted charging availabilities is hindering the development of the electric vehicle market in Malaysia. Market awareness on the aids of electric vehicles is still low, while buyers of electric vehicles are facing problems as charging services are not yet common in Malaysia. The hybrid & electric vehicle sales are limited in-country at the current time, but the condition will improve during the forecast period with wider awareness & whole facilities.
In 2018 hybrid vehicles saw decreasing sales, dropping to 13,049 units from 20,744 units. Electric Vehicles saw a development from 2 units sold in 2018 to 32 in 2017, but the number is still a far call from the volume in developed markets.
In 2019 total sales for hybrid & electric vehicles in the country accounted for 2.2 percent of 604,287 units sold by automakers. In 2019, Honda Malaysia gained a milestone of 10,000 units of domestic manufactured hybrid models. The models which contributed to this success are the Jazz Hybrid at 60 percent, City Hybrid at 34 percent, and HR-V Hybrid at 6 percent.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about Malaysia Electric Vehicle Market. The report encompasses the market by different segments, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in Malaysia Electric Vehicle Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Malaysia Electric Vehicle Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Malaysia Electric Vehicle Market.”
https://www.maximizemarketresearch.com/market-report/malaysia-electric-vehicle-market/65822/
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