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Malaysia risks hurting EV push with ‘poorly timed’ levy as foreign investment stalls

Malaysia risks hurting EV push with ‘poorly timed’ levy as foreign investment stalls
South China Morning Post Wednesday 05 August 2026, 09:30 UTC By Iman Muttaqin Yusof 1 min read
Key Points

Malaysia is considering a levy on electric vehicles (EVs) to fund charging infrastructure, even as export and pricing conditions on high-volume foreign assembly projects have left Chinese giant BYD’s planned 1.3 billion ringgit (US$318 million) factory in limbo. Economists and industry experts warn the two policy moves could raise ownership costs while weakening Malaysia’s appeal as a manufacturing base at a time when regional rivals are competing for EV investment. EV sales more than...

Malaysia is considering a levy on electric vehicles (EVs) to fund charging infrastructure, even as export and pricing conditions on high-volume foreign assembly projects have left Chinese giant BYD’s planned 1.3 billion ringgit (US$318 million) factory in limbo. Economists and industry experts warn the two policy moves could raise ownership costs while weakening Malaysia’s appeal as a manufacturing base at a time when regional rivals are competing for EV investment. EV sales more than doubled to...
Malaysia (LOCATION) EV (ORG) Chinese (ORG) BYD (ORG)
Originally published by South China Morning Post Read original →

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