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Roundup: Malaysia’s EV market set to accelerate in 2025 amid localization push

KUALA LUMPUR, Dec. 31 (Xinhua) — Malaysia’s electric vehicle (EV) market is expected to gain momentum in 2025, driven by localization investments and new models from local automakers, analysts said.

The combination of policy-driven incentives and automaker strategies is expected to shape the future of the nation’s EV landscape.

Maybank Investment Bank said in its recent report that Malaysia’s incentives