Car Business Might Tumble if EVs Price Don’t Reduce
Prices for electric vehicles skyrocketed these days which for example Tesla Inc. increased prices by as much as RM26,000 ($6,000) per car this month, following similar hikes earlier this year from Rivian Automotive Inc. and Ford Motor Co.
In international market, electric vehicles are getting an average price over RM 264,000 ($60,000) as Tesla, Rivian, Ford elevate their prices.
Stellantis believes that car businesses will get severely affected if there is no price reduction towards electric vehicles.
Meanwhile, Fiats and Peugeots makers are organizing to produce some parts in-house and pressure suppliers to cut the price of their products.
Apart from pressed by buyers demand and rising costs are charging more for EVs, automakers are raising the prices due to runaway raw-material costs, which Ford sees as a RM18 billion ($4 billion) gusty for the company this year.
Written By
Jesica Sendai
from 9 to 5 grinder to 'racing' her way in the automotive industry through editorial work.
JPJ Running Numbers
KUALA LUMPUR
VRF6081
SELANGOR
BSR5144
JOHOR
J9999J*
PULAU PINANG
PSD6847
PERAK
APJ7414
PAHANG
CFH1307
KEDAH
KGG9647
NEGERI SEMBILAN
NEK8743
KOTA KINABALU
SJS9915
KUCHING
QAB1767P
Last updated 11 Jul, 2026
Fuel Price
Petrol
RON 95
RM 3.97
+1.38
RON 97
RM 4.90
+1.75
RON 100
RM 7.20
+2.20
VPR
RM 8.23
+2.00
Diesel
EURO 5 B10
RM 5.12
+2.08
EURO 5 B7
RM 5.32
+2.08
Last updated 30 Apr, 2026
Latest News
Model Y Long Range AWD Discontinued? Why You Might Regret Missing The Last Few Units
Tesla Malaysia has discontinued the Model Y Long Range AWD. Find out what remains in the lineup and how to secure one of the last inventory units today.
10-07-2026
The New Jaecoo J5 EV Is Literally Built For Your Cat—And Malaysia Is Getting Better Specs Than Thailand!
The new Jaecoo J5 EV makes its Malaysian debut at the pet expo! Check out its anti-scratch seats, unique 'Pet Mode', and why our Euro-spec battery beats Thailand's specs.
09-07-2026
MITI Insists Tough New EV Rules Aren't Just To Protect Proton & Perodua From China Competitors
MITI hits back at EV protectionism claims in parliament, explaining why the strict RM200k import price floor is necessary to prevent tax cheating and force foreign brands to build factories in Malaysia.
09-07-2026
The Govt Wants 30,000 EV Chargers By 2030, But We Barely Hit Half Of Our Last Target
MITI targets 30,000 public EV chargers in Malaysia by 2030, but we barely cleared half of our last target. Here is the power grid crisis causing the bottleneck.
08-07-2026
Is This The Next Bezza? Theottle’s ‘Situ’ Render Takes The Perodua C2 Concept To The Next Level
Is the new Perodua ‘Situ’ the electric Bezza we’ve been waiting for? We break down Theottle's stunning render and how it evolves Perodua’s C2 concept into a future reality.
02-07-2026
Porsche Malaysia Quietly Replaces The RM575k Taycan With A Shocking RM775k Price Tag — Here’s Their Official Response
Porsche Malaysia secretly dropped a massive RM200k to RM410k price hike across the EV Taycan line overnight. Is it post-tax-holiday reality or tech inflation?
01-07-2026
Bermaz Just Scrapped Its Deepal Deal, And It Signals The End Of Cheap Imported EVs In Malaysia
Bermaz Auto has scrapped its Deepal deal. With new July 1st MITI rules now in effect, is the era of affordable imported EVs in Malaysia officially over?
01-07-2026
Tesla Malaysia Stays Cheap Despite MITI’s New July Ruling, But There’s A Catch
Tesla Malaysia prices remain steady despite new MITI import rules, but there's a catch. Find out why Tesla is exempt and what the removal of the one-time FSD purchase means for buyers.
01-07-2026
Show More
trending_flat