Car Business Might Tumble if EVs Price Don’t Reduce
Prices for electric vehicles skyrocketed these days which for example Tesla Inc. increased prices by as much as RM26,000 ($6,000) per car this month, following similar hikes earlier this year from Rivian Automotive Inc. and Ford Motor Co.
In international market, electric vehicles are getting an average price over RM 264,000 ($60,000) as Tesla, Rivian, Ford elevate their prices.
Stellantis believes that car businesses will get severely affected if there is no price reduction towards electric vehicles.
Meanwhile, Fiats and Peugeots makers are organizing to produce some parts in-house and pressure suppliers to cut the price of their products.
Apart from pressed by buyers demand and rising costs are charging more for EVs, automakers are raising the prices due to runaway raw-material costs, which Ford sees as a RM18 billion ($4 billion) gusty for the company this year.
Written By
Jesica Sendai
from 9 to 5 grinder to 'racing' her way in the automotive industry through editorial work.
JPJ Running Numbers
KUALA LUMPUR
VRC1189
SELANGOR
BSQ7208
JOHOR
JYY4103
PULAU PINANG
PSC9160
PERAK
APJ1415
PAHANG
CFG7467
KEDAH
KGG4615
NEGERI SEMBILAN
NEK6219
KOTA KINABALU
SJS3576
KUCHING
QAB9690N
Last updated 16 Jun, 2026
Fuel Price
Petrol
RON 95
RM 3.97
+1.38
RON 97
RM 4.90
+1.75
RON 100
RM 7.20
+2.20
VPR
RM 8.23
+2.00
Diesel
EURO 5 B10
RM 5.12
+2.08
EURO 5 B7
RM 5.32
+2.08
Last updated 30 Apr, 2026
Latest News
Is This The Future Electric Bezza? 5 Hidden Details You Missed On The Perodua C2 Concept
Perodua shocks KLIMS 2026 with the C2 Concept sedan! Discover 5 hidden design details, AI tech specs, and features you missed on this future EV.
11-06-2026
Stop Waiting To Switch: 14 Hidden EV Perks KL Workers Are Already Enjoying (And You’re Missing Out)
With petrol floating at RM3.72/L, the KL grind is expensive. Discover 14 hidden EV perks saving Klang Valley commuters serious money, time, and sanity.
05-06-2026
RM25 Million Boost for Kedah Plant! Stellantis Kickstarts Local CKD Assembly Lines for Leapmotor EVs
Stellantis has invested over RM25 million in its Gurun, Kedah plant to start local CKD assembly for Leapmotor's C10 and B10 EVs. Find out what this means for local pricing, global exports, and upcoming models!
05-06-2026
New Proton e:MAS 7 Launching In 7 Days? Here Are The Juicy Upgrades We Think Are Coming
Is a new Proton e:MAS 7 flagship dropping at KLIMS 2026? Following the March 2026 Geely EX5 Max+ launch in Thailand, we break down the rumored 68.39 kWh battery upgrade and luxury interior features.
04-06-2026
Selangor Is Mapping Out 500 New EV Charging Spots Including Outskirt Areas Like Sabak Bernam
Selangor is fast-tracking a comprehensive study to install 500 new EV charging locations across local councils by mid-2027, including outskirt areas to eliminate range anxiety.
04-06-2026
Proton Is Spending RM37 Million To Build More EVs Because Malaysians Are Buying Them Like Crazy
Proton accelerates a RM37 million expansion of its Tanjung Malim EV plant to double capacity to 42,000 units following a massive 329% sales surge for eMas models.
03-06-2026
"Please Don’t Buy This Car" — Why Ferrari Is Telling Its Hardcore Fans To Stay Away From Luce EV
Ferrari Chief Marketing Officer Enrico Galliera advises traditional petrolhead collectors not to buy the new all-electric Ferrari Luce designed by Jony Ive.
26-05-2026
11,000+ Units Sold in 4 Months: 5 Ways Proton Is Growing Its e.MAS Footprint Nationwide
Proton e.MAS deliveries skyrocket 329.5% with 11,617 units in 4 months as Pro-Net widens its premium retail footprint to 53 outlets nationwide, including Pavilion Bukit Jalil.
22-05-2026
Show More
trending_flat