Malaysia will limit the entry of fully imported electric vehicles from July, a move that is set to push out many mid-range Chinese cars from the country’s market.The Ministry of Investment, Trade and Industry issued a circular to car importers with new regulations that effectively increase the minimum retail price of fully imported EVs and also increase the minimum power output for such models, according to a statement on Wednesday.The cost of insurance and freight for the vehicles should be a minimum of 200,000 ringgit ($51,000), with minimum power output set to 180 kilowatts, the ministry said.
Malaysia moves to curb EV imports in blow to Chinese automakers
Malaysia will limit the entry of fully imported electric vehicles from July, a move that is set to push out many mid-range Chinese cars from the country’s market.The Ministry of Investment, Trade and Industry issued a circular to car importers with new regulations that effectively increase the minim
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