Perodua projects Malaysia’s automotive TIV to hit one million by 2030, with 20% being EVs or hybrids.
RAWANG: Perodua has projected Malaysia’s automotive total industry volume (TIV) to be about one million by 2030.
President and CEO Datuk Sri Zainal Abidin Ahmad said: “We think by 2030, 20 per cent of the total volume will be electric vehicles (EVs) or XEV, which includes hybrids,” he said at a press conference in conjunction with Japan Ambassador to Malaysia Noriyuki Shikata’s Perodua factory tour here today.
XEV is a collective industrial term for all types of electrified vehicles.
He pointed out that car buyers replacing their vehicles are projected to constitute about 40% of the total car market, and first-time buyers about 30%.
“First-time car buyers will be from the younger generation,” he added.
He said Perodua will strive to maintain its 45% market share of the total car market.
“We hope to set Malaysia as a base country for Daihatsu for future expansion. We can learn from Daihatsu and do a full upper body design,” according to Zainal Abidin.
He encouraged companies from Japan to invest more in Malaysia and to produce their final products here. This will help address supply chain issues regarding vehicle parts.
Japanese compact car company Daihatsu holds a 20% share in Perodua.
