Perodua EVs planned; Malaysia targets EVs to make up 15% of TIV by 2030

• Perodua invests in electrification projects
• Government targets EVs to make up 15% of TIV by 2030
• But Perodua forecasts 5% of TIV for EVs by 2030
• Affordability a priority for Perodua

At Perodua’s press conference on the company’s outlook for 2022, President and CEO Dato’ Zainal Abidin Ahmad confirmed that development work is already underway for electrified Perodua models, which includes hybrids and electric vehicles (EV). 

Perodua will be investing RM 1.33 billion this year; RM 529.1 million will be allocated for the introduction of new models (including the 2022 Perodua Alza). 

The remaining RM 797.5 million will be portioned to upgrades for its test facilities, manufacturing plant, R&D centre, and digitization – all of it will also lay the foundation to support for the development of hybrids and EVs.

Also read: Work underway for Perodua’s first hybrid (Ativa?) – 2023 launch, affordable price a major focus

“This (the investment) is for feasibility studies that needs to be done, all the basic scenarios and assumptions that we need to do, market surveys, and all that. The investment for electrification is huge,” said Dato’ Zainal.

It was also mentioned that the government forecasts a total industry volume (TIV) of circa 700,000 unit for 2030 and 15 percent of that is targeted to be made up by EVs. That’s more than 100,000 units of EVs sold in 2030.

Also read: No more 1KR-VET soon? By 2030, all Japanese Daihatsu models to be BEV or hybrid

As national car maker, Dato' Zainal said that Perodua will support the government's target of 15 percent of TIV for EVs by 2030. Not only that, Perodua should lead and launch its first EV before 2030.

However, he also said that based on the company’s internal study and current development, a more realistic projection would be 5 percent. He added that a more detailed roadmap for EVs will be announced at a later stage.

“Unlike other manufacturers, we cannot just introduce electric cars because of technology or the environment. For Perodua, we have to add one more item, which is affordability. How do we make electrification affordable to Malaysians? This is what the investment is for,” he added.

Also read: Perodua proposes for SST exemption to be extended to end-2022; forecasts 610k unit TIV