Why We Need Cheaper EVs Sooner than we Thought (in Malaysia).

The High Cost of Fuel Subsidies is one reason!

Fuel subsidies impose a significant burden on government resources, leading to consideration of targeted subsidy programs like PADU and the possibility of free-floating RON95 and diesel prices. However, concerns persist regarding accessibility for many citizens and the overall effectiveness of these measures.

As an EV-focused blog, we advocate for the promotion of electric vehicles as a comprehensive solution. Currently, the government maintains restrictions preventing foreign brands from selling electric cars below RM 100k, giving national carmakers an unfair advantage in the affordable car segment, which constitutes approximately 70% of all cars sold.

Moreover, the government has set a deadline for national carmakers to introduce their EVs by 2025. However, with this deadline only a year away, allowing the sale of sub-RM 100k electric cars today would undoubtedly facilitate widespread EV adoption and reduce reliance on fuel subsidies.

While transitioning to EVs poses challenges for a government reliant on oil revenue, it also offers numerous benefits. The entry of new EV brands into Malaysia, alongside the expansion of charging networks by emerging players, can stimulate economic growth and create job opportunities in the EV industry.

Would be the EVs like the Wuling or the Microlino be a good option for us B40 folks?