PETALING JAYA: The floor price policy for fully imported, completely built-up (CBU) electric vehicles (EV), is being reviewed to strengthen local assembly activities. Clarifying that the new floor price was not meant to make EVs inaccessible, he said the mechanism was meant to manage imports and support the local automotive sector. “Nevertheless, my ministry is currently reviewing the floor price policy to strengthen local assembly activities while ensu­ring that CBU vehicle pricing is driven by market forces,” Johari said in a statement yesterday. The floor price comes with a minimum power output requirement of 200kW or about 268 horsepower. On March 7, industry stakeholders and observers said Malaysia’s move to impose a floor price on fully imported new vehicles could reshape the EV market by encouraging more local assembly while limiting the entry of lower-cost imported models.

Source: The Star April 01, 2026 07:52 UTC