Asean Can Expand Intra-Trade Via EV Industry - Tg Zafrul
According to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, collaborations in the electric vehicle (EV) industry can help ASEAN increase intra-trade.
He stated that the EV industry allows member countries to collaborate and participate in the EV supply chain ecosystem.
“ASEAN has a population of over 680 million, or approximately 8.5 per cent of the total global population.
“As the fifth largest economic bloc in the world with a combined gross domestic product of US$3.2 trillion, I believe Malaysia, along with ten other ASEAN member states and the organisation as a whole, can win this game,“ he told Bernama.
From 2018 to March 2023, Malaysia's EV industry received RM26.2 billion ringgit (US$5.4 billion), and the number of registered EVs increased to more than 7,500 units as of September 2023, up from over 3,400 last year.
According to reports, ASEAN attracted US$2.1 billion in EV-related investments in 2019, with the figure expected to rise to US$5.5 billion in 2020.
EV investment inflows in ASEAN then fell to $2.7 billion in 2021, before increasing to $18.1 billion the following year in Southeast Asia's e-mobility sector.
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VRT6672
SELANGOR
BSU3751
JOHOR
JF6008J
PULAU PINANG
PSG3768
PERAK
APM1938
PAHANG
CFJ624
KEDAH
KGJ4442
NEGERI SEMBILAN
NEM2580
KOTA KINABALU
SJU5242
KUCHING
QAB7460P
Last updated 13 Oct, 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
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