The Rise of Electric Vehicles in China and Malaysia

The text discusses the growing acceptance and momentum of electric vehicles (EVs) globally, particularly in China, where users who switch to EVs are unlikely to revert to petrol cars. Ashley Sutcliffe, the global communications head of Geely Holding Group, highlights that EVs now account for 53% of monthly car sales in China, with prices decreasing significantly, making them more accessible. In Malaysia, although the EV market is still in its early stages, there are ambitious plans for growth, including a target of 80% of the industry being EVs by 2040 and the establishment of 10,000 charging stations by 2025. Sutcliffe expresses confidence in Malaysia's potential as a leader in renewable energy and the importance of government initiatives to support infrastructure development.

• Electric vehicle users are unlikely to return to petrol cars.
• EVs represent 53% of monthly car sales in China, with prices dropping to as low as 30,000 yuan.
• Malaysia aims for EVs to make up 80% of its automotive industry by 2040.
• Plans include creating 10,000 charging stations by 2025 and achieving 500,000 EVs by 2030.
• The development of renewable energy sources will support EV infrastructure in Malaysia.