Malaysia will limit the entry of fully imported electric vehicles from July, a move that is set 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.
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