Malaysia Electric Vehicle Market: Industry Analysis and Forecast (2022-2029)
Swatimmr07 Mar, 2025Technology
Malaysia Electric Vehicle Market size was valued at USD 15.54 Mn. in 2021 and the total revenue is expected to grow at 12.46 % through 2022 to 2029, Malaysia Electric Vehicle Market is reaching nearly USD 39.76 Mn. by 2029. Malaysia is establishing itself as a modern market economy. Malaysia's GDP growth rate is one of the world’s most competitive; in 2021-2023, it grew at a pace of 7.2 % yearly, placing it 20th in the world, ahead of countries such as New Zealand and Australia.
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