MITI Announces Strict New Rules for Imported EVs — Minimum RM200,000 CIF & 180 kW from July 1

The Ministry of Investment, Trade and Industry (MITI) has announced a major policy shift that is set to reshape Malaysia's electric vehicle (EV) market.

Effective 1 July 2024, all imported Completely Built-Up (CBU) pure electric vehicles must comply with stricter requirements on Cost, Insurance and Freight (CIF) value and power output. This effectively limits imports to only "high-value" and "high-performance" EVs.

Two Core Requirements: The Double Threshold

Under the new ruling, all new applications for imported EVs must meet both of the following criteria:

• Minimum CIF Value: RM200,000 (CIF refers to the cost of the vehicle upon arrival at Malaysian ports, before taxes, SST, dealer margins and other fees. This is expected to significantly raise the final on-the-road price.)
• Minimum Motor Output: 180 kW (Equivalent to approximately 245 PS / 241 hp)

This "double threshold" is expected to filter out many entry-level and lower-powered EV models currently available in the market.

Industry Consultation Conducted

MITI stated that the decision followed thorough consultations with local Open AP holders on 30 April. The policy is viewed as a strategic move to protect locally assembled (CKD) EV manufacturers while encouraging international brands to bring more production to Malaysia, particularly for entry-level and mid-range models.

What Happens to Existing Stock?

Buyers who have already placed bookings need not panic. MITI has introduced a buffer period:

• Vehicles already in the country or currently in transit to Malaysian ports will be exempt from the new ruling.
• These units can continue to be sold at their original prices until existing inventory is cleared.

Editor's Note: The End of Affordable Imported EVs?

Once the new policy takes effect, many affordable imported EVs — especially single-motor urban models — will face significant barriers to entry. For consumers eyeing EVs priced below RM200,000, this is a clear signal to act quickly.

If you are considering an imported EV with motor output below 180 kW, it is advisable to check with your dealer immediately to confirm whether the unit falls under the protected pre-July 1 stock.