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Asean Can Expand Intra-Trade Via EV Industry - Tg Zafrul

Anis

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Web_CariCarz_Tesla-Model-3-02-full.jpg According to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, collaborations in the electric vehicle (EV) industry can help ASEAN increase intra-trade.

He stated that the EV industry allows member countries to collaborate and participate in the EV supply chain ecosystem.

Web_CariCarz_Tesla-Model-3-24-full.jpg

“ASEAN has a population of over 680 million, or approximately 8.5 per cent of the total global population.

“As the fifth largest economic bloc in the world with a combined gross domestic product of US$3.2 trillion, I believe Malaysia, along with ten other ASEAN member states and the organisation as a whole, can win this game,“ he told Bernama.

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From 2018 to March 2023, Malaysia's EV industry received RM26.2 billion ringgit (US$5.4 billion), and the number of registered EVs increased to more than 7,500 units as of September 2023, up from over 3,400 last year.

According to reports, ASEAN attracted US$2.1 billion in EV-related investments in 2019, with the figure expected to rise to US$5.5 billion in 2020.

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EV investment inflows in ASEAN then fell to $2.7 billion in 2021, before increasing to $18.1 billion the following year in Southeast Asia's e-mobility sector.

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Written By

Anis

Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........

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JPJ Running Numbers

KUALA LUMPUR

VQR7913

SELANGOR

BSN5934

JOHOR

JYT7206

PULAU PINANG

PSA8629

PERAK

APG2723

PAHANG

CFF9406

KEDAH

KGE9244

NEGERI SEMBILAN

NEJ8690

KOTA KINABALU

SJR745

KUCHING

QAB4662N

Last updated 31 Mar, 2026

Fuel Price

Petrol

RON 95

RM 2.59

+0.05

RON 97

RM 3.15

+0.05

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 3.04

+0.05

EURO 5 B7

RM 3.24

+0.05

Last updated 26 Feb, 2026

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