MARKET OVERVIEW

The Malaysia electric two-wheeler market size was USD 133.50 Million in 2024 and is projected to reach USD 412.78 Million by 2033. It is estimated to grow at a CAGR of 11.95% during the forecast period 2025-2033. Market growth is driven by rising fuel costs, government incentives, and growing environmental consciousness. Expanding charging infrastructure and advanced battery technologies also support adoption. the report offers a comprehensive analysis of the industry, including Malaysia electric two-wheeler market share, and regional insights.

STUDY ASSUMPTION YEARS

• Base Year: 2024
• Historical Years: 2019-2024
• Forecast Period: 2025-2033

MALAYSIA ELECTRIC TWO-WHEELER MARKET KEY TAKEAWAYS

• Current Market Size: USD 133.50 Million in 2024
• CAGR: 11.95% (2025-2033)
• Forecast Period: 2025-2033
• Rising fuel prices and cost efficiency are primary market drivers, aiding adoption among urban commuters and delivery operators.
• Government initiatives such as tax exemptions and rebates promote adoption and infrastructure expansion.
• Urbanization and traffic congestion increase demand for compact, efficient electric two-wheelers.
• The growing e-commerce sector fuels demand for electric delivery vehicles.
• New entrants and competitive pricing improve market penetration.
• Supportive policies under Malaysia's Low Carbon Mobility Blueprint boost demand.

RECENT DEVELOPMENTS & NEWS

In May 2025, PETRONAS Dagangan Berhad and Blueshark Ecosystem Sdn. Bhd. launched Blueshark Malaysia Sdn. Bhd., a joint venture focused on nationwide electric two-wheeler adoption and smart mobility solutions. The venture will exclusively distribute Blueshark e-bikes, expand battery-swapping stations at PETRONAS outlets, and facilitate local assembly through EP Manufacturing Bhd. This collaboration supports Malaysia’s National Energy Transition Roadmap by combining retail networks, innovation, and advanced EV technology.

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MARKET TRENDS

Rising fuel prices have significantly impacted the commuting costs of daily riders in Malaysia, pushing demand for electric two-wheelers that offer lower operating and maintenance costs compared to traditional motorcycles. Electricity as a power source is substantially cheaper than petrol, providing cost savings that appeal especially to urban commuters, delivery service providers, and small business operators. Government incentives like reduced road tax for electric vehicles further enhance affordability, accelerating adoption and promoting electric mobility.

Government initiatives play a critical role by offering incentives through frameworks such as the Low Carbon Mobility Blueprint (2021–2030) and the National Automotive Policy (NAP 2020). These policies include tax exemptions, rebates, reduced road taxes, and support for expanding EV infrastructure such as charging stations. Encouraging local EV manufacturing and assembly also strengthens supply chains, improving consumer confidence and market sustainability.

Rapid urbanization in Malaysian cities such as Kuala Lumpur, Penang, and Johor Bahru has led to increased traffic congestion, making electric two-wheelers attractive for their compactness and maneuverability. The boom in e-commerce and food delivery services has further pushed the demand for affordable and efficient transport options suitable for delivery riders. Government schemes like MARiiCas have facilitated faster adoption, approving 3,664 rebate applications and distributing RM 8.79 million in incentives by June 2024. These factors foster sustainable urban mobility.

MARKET GROWTH FACTORS

The Malaysia electric two-wheeler market growth is primarily driven by increasing urban congestion and demand for affordable, efficient transport solutions. Electric two-wheelers offer an answer to urban mobility challenges with compact size and ease of use, meeting the needs of commuters and service providers battling traffic snarls. The need to reduce carbon emissions aligns with the government’s Low Carbon Mobility Blueprint, prompting manufacturers and consumers to shift toward electric vehicles.

Advancements in battery technology and expansion of charging infrastructure have significantly boosted the market appeal. The entry of new players offering competitively priced electric scooters and motorcycles enhances market availability and consumer choice. Supportive policies encourage investments in EV ecosystems, facilitating growth and accelerating market share gains in Malaysia’s two-wheeler segment.

Additionally, government incentives like tax reductions, rebates, and road tax exemptions lower ownership costs, improving affordability. Investments in local manufacturing and assembly foster a robust supply chain, decreasing dependence on imports and further supporting market expansion. These combined factors contribute to sustained growth and long-term viability of electric two-wheelers in Malaysia.

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/malaysia-electric-two-wheeler-market

MARKET SEGMENTATION

Vehicle Type Insights:

• Electric Scooter/Moped
• Electric Motorcycle

Battery Type Insights:

• Lithium-Ion
• Sealed Lead Acid (SLA)

Voltage Type Insights:

• <48V
• 48-60V
• 61-72V
• 73-96V
• >96V

Peak Power Insights:

• <3 kW
• 3-6 kW
• 7-10 kW
• >10 kW

Battery Technology Insights:

• Removable
• Non-Removable

Motor Placement Insights:

• Hub Type
• Chassis Mounted

Regional Insights:

• Selangor
• W.P. Kuala Lumpur
• Johor
• Sarawak
• Others

REGIONAL INSIGHTS

Selangor, W.P. Kuala Lumpur, Johor, Sarawak, and other regions constitute the Malaysia electric two-wheeler market. Specific market share or CAGR statistics by region are not provided in the source. However, rapid urbanization in cities like Kuala Lumpur and Johor Bahru is identified as a significant driving factor for electric two-wheeler adoption.

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KEY PLAYERS

• PETRONAS Dagangan Berhad
• Blueshark Ecosystem Sdn. Bhd.
• EP Manufacturing Bhd.

CUSTOMIZATION NOTE

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