Malaysia Electric Vehicle Market Analysis, Sales, Forecast and Outlook to 2026: Ken Research

Malaysia Electric vehicle Market Segmentation, 2021

By Type of Electric Vehicle (4-Wheeler and 2-Wheeler)

In 2021, Electric 4-Wheelers dominated the Electric Vehicle Market in Malaysia and generated a revenue of USD xx Million. Electric 2-Wheelers helped in contributing xx% of the total Electric Vehicle market in Malaysia generating a revenue of USD xx Million.

By Type of Electric two-wheeler (e-scooter and e-motorcycle)

E-Motorcycle dominated the Electric two-wheeler market in Malaysia by contributing xx% to the total revenue share in 2021. The rise of taxi and delivery services created demand for e-motorcycle.

By Type of E2V Battery Capacity (<25Ah and >25Ah)

In 2021, Electric 2-Wheelers using a battery capacity of <25Ah dominated the market by capturing a market share of xx% with a revenue of USD xx Million. In order to get a speed of at least 50kmph, as per the government rules, a battery capacity of more than 50Ah will be required on going way forward.

By Type of E2V Battery Technology (Removable Battery and Non-Removable Battery)

Electric 2-Wheeler Vehicles can also be segmented on the basis of Type of Battery Technology. Non-Removable Battery and Removable Battery. Non-Removable Battery dominated the market by capturing xx% of the market share.

By Type of E2V Voltage Type (24V, 36V, 48V, 60V, 72V)

Electric 2-Wheeler Vehicles can be segmented on the basis of type of Voltage: 36V, 48V, 60V, and 72V.Electric 2-Wheelers using a voltage of 48V dominated the Electric 2-Wheeler market in Malaysia by capturing a market share of xx% with a revenue of USD xx Million.

By Type of E2V Battery Type (Lead Acid and Lithium Ion)

Improved discharge and charging efficiency coupled with longer life span contributed in enhancing the demand of lithium-ion batteries compared to lead acid batteries. Although, lithium-ion batteries are much more expensive that its counterpart but their maintenance free feature will match their higher price tag, which will be preferable to consumers.


By Type of E4V Brands (Mercedes Benz, BMW, Honda, Volvo, Hyundai, and Others)

xx% of the revenue share is captured alone by Mercedes Benz in Malaysia in 2021 and sold around ~xx Electric Vehicles. BMW and Honda also captured prominent shares of around xx% and xx% respectively and together sold ~xx EVs in 2021.

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By Type of E4V Technology (BEV, PHEV, and HEV)

Electric 4-Wheeler Vehicles can also be segmented on the basis of type of technology: Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicles (PHEV), and Battery Electric Vehicles (BEV). xx% of the revenue contribution is from Hybrid Electric Vehicles (HEV) which is mostly used in EV Brands offered by Honda. Other brands offering HEV are Nissan, Audi, and Toyota.

By Type of E4V Class (Mid-priced (less than 300,000) and Luxury (more than 300,000))

Malaysia, xx% of the revenue from the Electric 4-Wheeler market was generated through the Luxury segment which is priced above 300,000. Examples include BMW, Porsche, Tesla, Mercedes, etc.

Key Segments Covered in Malaysia Electric Vehicles Industry:-

By Type of EV



By Type of Electric 2-wheelers

Electric scooter

Electric motorcycle

By Type of Battery Capacity for electric 2 wheelers



By Battery Technology Type for electric 2 wheelers

Removable batteries

Non-removable batteries

By Voltage Type for electric 2 wheelers






By Battery Type for electric 2 wheelers


Sealed Lead Acid

By Brand of EV


Mercedes Benz





By Type of EV Technology




By EV Class



Time Period Captured in the Report:-

Historical Period: 2016-2021

Forecast Period: 2022F-2026F

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Malaysia Electric Vehicles Industry Players:-

Electric 2 wheelers




Electric 4 wheelers



Mercedes Benz









For More Information on the research report, refer to below link:-

Malaysia Electric Vehicle Market

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Ken Research
Ankur Gupta, Head Marketing & Communications

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