KUALA LUMPUR (April 2): Malaysia’s electric vehicle (EV) adoption is expected to remain on an upward trend, influenced by rising oil prices, according to the deputy investment, trade and industry minister. Speaking to reporters on Thursday, Deputy Miti Minister Sim Tze Tzin noted that ongoing developments in the Middle East could influence consumers to consider EVs as an alternative amid the volatility of global oil prices. Fuel subsidies, he said, have traditionally kept petrol prices low, but maintaining such subsidies requires substantial government expenditure. The deputy minister said carmakers should work more closely with local vendors and suppliers to strengthen supply chains and support industry development. “I urge local players because this is a new era of mobility.

Source: The Edge Markets April 02, 2026 04:36 UTC