Malaysia Electric Vehicle Market to 2032
Overview
The Malaysia Electric Vehicle Market is expected to reach a 30,390.15 USD Billion by 2032 and is projected to grow at a CAGR of 32.12% from 2025 to 2032.
Revenue, 2024 (USD Billion)
6,352.91
Forecast, 2032 (USD Billion)
30,390.15
CAGR, 2024 - 2032
32.12%
Report Coverage
Malaysia
Malaysia Electric Vehicle Market 2018-2032 USD Billion
Malaysia Electric Vehicle Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 6,352.91 USD Billion
- Projected Market Size (2032): 30,390.15 USD Billion
- CAGR (2025-2032): 32.12%
Key Findings of Malaysia Electric Vehicle Market
- The Malaysia Electric Vehicle Market was valued at 6,352.91 USD Billion in 2024.
- The Malaysia Electric Vehicle Market is likely to grow at a CAGR of 32.12% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Normal Charging in Charging Station Type Segment accounted for the largest share of the market with a revenue of 4,017.84 USD Billion
- The fastest growing segment Hybrid Electric Vehicle(HEVs) in Propulsion Type Segment grew Fastest with a CAGR of 34.77% during the forecast period from 2024 to 2032.
Malaysia Electric Vehicle Market Scope
Malaysia Electric Vehicle Market Segmentation & Scope
Component
- Others
- Infotainment System
- On-board Charger
- Battery Cells & Packs
Propulsion Type
- Fuel Cell Electric Vehicle(FCEVs)
- Hybrid Electric Vehicle(HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicle (BEV)
Vehicle Type
- Commercial Vehicles
- Two Wheelers
- Passenger Cars
Power Train
- Combined Hybrid
- Parallel Hybrid
- Series Hybrid
Class
- Luxury
- Mid-Priced
Charging Station Type
- Super Charging
- Normal Charging
Malaysia Electric Vehicle Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2021 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 6,352.91 USD Billion |
| Market Value in 2032 | 30,390.15 USD Billion |
| CAGR (2025-2032) | 32.12% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Component,Propulsion Type,Vehicle Type,Power Train,Class,Charging Station Type |
Regional Insights:
-
Leading Market (2024-2032): Malaysia, leading in terms of revenue 6,352.91 USD Billion in 2024
- Key Country: Malaysia, leading in terms of revenue with value of 6,352.91 USD Billion in 2024.
Segments and Scope
-
Malaysia Electric Vehicle Market to 2032, By Component
- Battery Cells & Packs is the largest segment in Malaysia Electric Vehicle Market to 2032 with a revenue of 3,022.18 USD Billion in the year 2024.
- Battery Cells & Packs is the Fastest growing segment in Malaysia Electric Vehicle Market to 2032 with a Growth rate of 33.35 % in forecast period 2025-2032.
-
Malaysia Electric Vehicle Market to 2032, By Propulsion Type
- Battery Electric Vehicle (BEV) is the largest segment in Malaysia Electric Vehicle Market to 2032 with a revenue of 3,161.31 USD Billion in the year 2024.
- Hybrid Electric Vehicle(HEVs) is the Fastest growing segment in Malaysia Electric Vehicle Market to 2032 with a Growth rate of 32.60 % in forecast period 2025-2032.
-
Malaysia Electric Vehicle Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in Malaysia Electric Vehicle Market to 2032 with a revenue of 3,176.31 USD Billion in the year 2024.
- Passenger Cars is the Fastest growing segment in Malaysia Electric Vehicle Market to 2032 with a Growth rate of 33.39 % in forecast period 2025-2032.
-
Malaysia Electric Vehicle Market to 2032, By Power Train
- Series Hybrid is the largest segment in Malaysia Electric Vehicle Market to 2032 with a revenue of 2,928.30 USD Billion in the year 2024.
- Combined Hybrid is the Fastest growing segment in Malaysia Electric Vehicle Market to 2032 with a Growth rate of 30.20 % in forecast period 2025-2032.
-
Malaysia Electric Vehicle Market to 2032, By Class
- Mid-Priced is the largest segment in Malaysia Electric Vehicle Market to 2032 with a revenue of 4,009.07 USD Billion in the year 2024.
- Mid-Priced is the Fastest growing segment in Malaysia Electric Vehicle Market to 2032 with a Growth rate of 33.12 % in forecast period 2025-2032.
-
Malaysia Electric Vehicle Market to 2032, By Charging Station Type
- Normal Charging is the largest segment in Malaysia Electric Vehicle Market to 2032 with a revenue of 4,017.84 USD Billion in the year 2024.
- Normal Charging is the Fastest growing segment in Malaysia Electric Vehicle Market to 2032 with a Growth rate of 32.56 % in forecast period 2025-2032.
Malaysia Electric Vehicle Market Company Share Analysis
| Company Name |
|
||
| Ford Motor Company | |||
| Tesla | |||
| General Motors | |||
| Nissan Motor Co., Ltd. | |||
| TOYOTA MOTOR CORPORATION | |||
Malaysia Electric Vehicle Market Geographical Sales Distribution, 2018-2032 USD Billion
Malaysia Electric Vehicle Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The Malaysia Electric Vehicle Market is segmented based on Segmentation Component,Propulsion Type,Vehicle Type,Power Train,Class,Charging Station Type.
Malaysia Electric Vehicle Market was valued at USD 6,352.91(Revenue in USD Billion) in 2021.
Malaysia Electric Vehicle Market is projected to grow at a CAGR of 32.12% during the forecast period of 2024 to 2032.
The Normal Charging segment is expected to dominate the Malaysia Electric Vehicle Market, holding a largest market share of 4,017.84 USD Billion in 2024
Malaysia Electric Vehicle Market Scope
Malaysia Electric Vehicle Market Segmentation & Scope
Component
- Others
- Infotainment System
- On-board Charger
- Battery Cells & Packs
Propulsion Type
- Fuel Cell Electric Vehicle(FCEVs)
- Hybrid Electric Vehicle(HEVs)
- Plug-in Hybrid Electric Vehicles (PHEVs)
- Battery Electric Vehicle (BEV)
Vehicle Type
- Commercial Vehicles
- Two Wheelers
- Passenger Cars
Power Train
- Combined Hybrid
- Parallel Hybrid
- Series Hybrid
Class
- Luxury
- Mid-Priced
Charging Station Type
- Super Charging
- Normal Charging
Frequently Asked Questions
The Malaysia Electric Vehicle Market is segmented based on Segmentation Component,Propulsion Type,Vehicle Type,Power Train,Class,Charging Station Type.
Malaysia Electric Vehicle Market was valued at USD 6,352.91(Revenue in USD Billion) in 2021.
Malaysia Electric Vehicle Market is projected to grow at a CAGR of 32.12% during the forecast period of 2024 to 2032.
The estimated market value of the Malaysia Electric Vehicle Market for final year is USD 30,390.15 (USD Billion).
Malaysia Electric Vehicle Market Company Profiling
Frequently Asked Questions
The Malaysia Electric Vehicle Market is segmented based on Segmentation Component,Propulsion Type,Vehicle Type,Power Train,Class,Charging Station Type.
Malaysia Electric Vehicle Market was valued at USD 6,352.91(Revenue in USD Billion) in 2021.
Malaysia Electric Vehicle Market is projected to grow at a CAGR of 32.12% during the forecast period of 2024 to 2032.
The estimated market value of the Malaysia Electric Vehicle Market for final year is USD 30,390.15 (USD Billion).
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