Global Markets
Home›Global Markets›Trade & Tariffs›Malaysia weighs EV levy to fund charging as BYD factor…
Malaysia weighs EV levy to fund charging as BYD factory stalls
Malaysia’s Miti is studying a levy on every EV sold, as EV sales rose and public charging points trail a prior target of 10,000 by end-2025.
Malaysia is considering a levy on electric vehicles to help fund expansion of the public charging network, even as conditions for high-volume foreign assembly investments have weakened, according to SCMP Economy.
The outlet reports that Malaysia’s Ministry of Investment, Trade and Industry, or Miti, was studying a charge on every EV sold, with minister Johari Abdul Ghani saying the government has struggled to build charging capacity fast enough despite tax exemptions for fully imported EVs between 2022 and 2025.
SCMP Economy also cites data showing EV sales rose to 30,848 units in 2025, and cumulative electric-car registrations reached 115,349 by the end of June 2026.
The written parliamentary reply referenced by SCMP Economy said Malaysia had installed 6,416 public charging points by May 31, including 2,143 fast chargers, below an earlier target of 10,000 by the end of 2025.