Use of Electric Vehicles in Malaysia is Estimated to Increase Following the Increase in Crude Oil Prices
KUALA LUMPUR, March 27 (Bernama) – Malaysia’s transition towards electric vehicles (EVs) may accelerate due to rising crude oil prices, especially among premium internal combustion engine (ICE) segment buyers, according to CIMB Securities Sdn Bhd.
The research firm in a research note today said it expects national adoption of electric vehicles to increase in 2026, supported by the launch of the Proton e.MAS 5.
“This growth is also supported by continued tax incentives for locally assembled electric vehicles (CKD),” he said.
Meanwhile, CIMB Securities said the temporary adjustment to the monthly individual quota of BUD195 would have a limited impact on the national segment because most national car models are equipped with smaller engines and lower fuel consumption per 100 kilometers (km).
“With an average annual mileage of around 28,000 km for private cars (as estimated by the Malaysian Road Safety Research Institute) and following the five best-selling models in Malaysia in 2025, namely Perodua Bezza, Axia, Myvi, Alza and Proton Saga, we estimate annual fuel consumption of between 1,100 liters and 1,500 liters.
“Even taking into account higher actual consumption, this suggests that there is sufficient storage space following the government’s decision to adjust the BUD195 quota,” CIMB Securities said.
Prime Minister Datuk Seri Anwar Ibrahim in a special message yesterday announced that effective April 1, the individual monthly limit for purchasing BUD195 will be temporarily adjusted to 200 liters per month from the previous 300 liters per month, due to the ongoing conflict in West Asia.
The majority of people are not affected by the quota reduction because the average user uses around 100 liters per month and almost 90 percent use less than 200 liters per month, he said.
PakarPBN
A Private Blog Network (PBN) is a collection of websites that are controlled by a single individual or organization and used primarily to build backlinks to a “money site” in order to influence its ranking in search engines such as Google. The core idea behind a PBN is based on the importance of backlinks in Google’s ranking algorithm. Since Google views backlinks as signals of authority and trust, some website owners attempt to artificially create these signals through a controlled network of sites.
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