EMA 2024: MITI Updates Goals - 20% xEV Adoption by 2030, 80% by 2050

As Malaysia accelerates toward a sustainable future, a key focus lies in reducing dependency on petroleum by advancing the electrification of transportation. At the e-Mobility Asia Press Conference earlier today, MITI Deputy Minister, YB Liew Chin Tong highlighted the nation’s ambitious goals under the National Energy Transition Roadmap (NETR) is to boost the adoption of electric and hybrid vehicles.

Malaysia envisions an automotive future where electrified vehicles (xEVs) - electric vehicles (EVs), plug-in hybrids (PHEVs), and range-extended electric vehicles (REEVs), form the backbone of the national fleet.

By 2030, Malaysia aims for 20% of new vehicle sales to be xEVs, reaching 50% by 2040, and ultimately 80% by 2050. These targets underscore NETR’s broader mission to cut carbon emissions and foster sustainable energy use across all sectors, with transportation a top priority.

Liew further stated that the global adoption trends are also promising where according to the International Energy Agency (IEA), EVs which accounted for just 2% of global vehicle sales in 2018 increased to 14% by 2022 and 18% by 2023. China's EV sales have even recently outpaced those of internal combustion engine (ICE) vehicles in certain months, proving that widespread transition is possible with sustained commitment.

He further reiterated that to meet Malaysia’s bold targets, collaboration is essential. Government agencies, automakers, infrastructure providers, and the public must work together to unlock the full potential of electrified mobility.

This transformation is expected to yield economic benefits, particularly in the semiconductor industry, where demand for automotive-grade chips is poised to grow as electrified vehicle production scales up.

Policies and incentives that support EV purchases and infrastructure development will be crucial in stimulating consumer interest and market growth. YB Liew’s message serves as a reminder of the shared responsibility needed to make this vision a reality.

Malaysia’s proactive stance not only aims to reduce petroleum consumption but also strengthens the country's manufacturing capabilities, creates jobs, and enhances resilience against global energy challenges.

As Malaysia strives to lead Southeast Asia in electrification, it is positioned to achieve a cleaner, more energy-efficient future, one that is built on the collective efforts of all sectors and stakeholders.